PFGBEST today launched a precious metals trading competition for
people using simulated trading on the company’s BESTDirect® online
futures trading platform.
Called “Go For The Gold”, the
competition is a fun way for people interested in trading gold and
silver futures to see if they “have the chops” to successfully trade CME
Group gold and silver contracts. Because it is simulated trading, there
is no risk of loss to any competitor!
Each day during the
duration of the contest, from November 7 through December 16, one
American Silver Eagle coin will be awarded to the U.S. contest
participant who has the highest percentage gain on the day.
Each
week, there will be one $1,500 live futures trading account awarded to
the individual competitor with the highest percentage gain for the week.
The contest, which began November 7, will run for six weeks. At
the end of the competition, one $7,500 funded live account will be
awarded to the contest participant with the highest number of profitable
trading days. One $5,000 funded account will be awarded to the contest
participant with the second highest number of profitable trading days.
One American Gold Eagle coin will be awarded to the contest participant
with the third highest number of profitable trading days.
“This
competition is sponsored as a cooperative educational endeavor,” said
Russ Wasendorf, Jr., PFGBEST president and chief operating officer. “Go
For The Gold” is a trading competition, sponsored as a partnership
between CME Group and PFGBEST, which gives us an exciting and
stimulating way to approach prospective traders and investors who want
to learn more about and become better at trading precious metals
futures. The simulated trading that we offer on the BESTDirect trading
platform allows contest participants to put their existing knowledge to
work to see how they perform, although they do not have to risk their
own capital to learn and test their strategies.”
There is no fee to enter the competition. All applicants must complete an online Official Entry at
http://www.PFGBEST.com/cme/.
Trading in the contest will be strictly limited to gold (GC), eMicro
gold (MGC), miNY gold (QO), miNY Silver (QI), and Silver (SI) Futures on
the BESTDirect simulated trading platform powered by PFGBEST.
The contest is open to individuals who are 18 years of age or older. It
is void wherever prohibited by law. PFGBEST, CME Group, or subsidiaries,
affiliates, employees, associated persons, officers, directors,
introducing brokers, and members of the immediate families of these
entities are ineligible to win any prizes.
Only one contest trading account per registrant is permitted.
Entrants can register at any time, up until the last day of trading in the contest, December 16, 2011.
PFGBEST is not responsible for late, lost, misdirected, mechanically
reproduced, misdelivered, incomplete, illegible, or unintelligible
entries, messages, or mail; unavailable network connections; failed,
incomplete, garbled or delayed computer transmissions; online failure;
hardware, software or other technical malfunctions or disturbances; or
any other communications failures or circumstances affecting, disrupting
or corrupting the Contest in any manner including without limitations,
receipt of entries or entrants ability to participate in the Contest, or
winner notification or winner response to notification.
The
contest ends with the market close on December 16. Open positions do not
need be liquidated for purposes of determining winners.
Entrants will trade a $50,000 simulated trading account on the
BESTDirect simulated trading platform. Awards will be determined from
among all eligible entries received.
PFGBEST is one of the
largest, non-bank FCMs in the U.S. It is a rapidly-expanding global
financial services and technology firm, specializing in electronic
trading platforms, futures, foreign exchange, futures options, managed
accounts, and precious metals. The company is dedicated to investor
education, offering numerous free webinars each week attended by
hundreds of people wishing to further their knowledge and skills in
trading, charting, trading psychology, and many other areas. PFGBEST is a
privately held and run FCM, with customers, affiliates and brokerage
offices in more than 80 countries.
