After three months of intense action and thrill, the Revolutionary Win-Win Live Trading Contest has concluded, recording unprecedented success.

The contest has attracted some of the most passionate and driven traders from every corner of the world who grabbed the opportunity to test their trading skills in our advanced trading environment.

Congratulations to all the winners on their outstanding performance and a big thank you to all the participants for making this live contest a huge success.

Meet the Winners

Round 3 Winners

Wenfa Tan – Winner of the highest monthly amount of profit

Interview:

Forex Trading

What inspired you to try forex trading?

I was often losing money in the buying and selling of stocks before, and the trading session often conflicted with my working hours, so it was very inconvenient to observe stock charts. Then I inadvertently learned about the spot gold, and I was attracted by its flexible trading time and way of trading, and then I gradually began to trade forex.

How did you learn Forex trading?

To be honest, most of what I learned from stock trading is not useful in forex trading, so I basically had to begin learning new things from scratch. I often looked for all sorts of material and listened to the opinions and guidance of some senior forex traders. However, they were using different trading systems, so the things I learned were very messy, and I didn’t completely absorb them in the end, let alone my own perception. Then I was advised to use one of the indicators to filter aid, which would reduce the chance of errors. Of course, I have not fully done this by now, and whether I trade in this way all depends on my mood. When I am in a good mood, I will follow the trading rules, but when I am in a bad mood, I will Ignore the rules. In the final analysis, it is all about the mentality of the trader.

What is the biggest challenge in trading you have experienced so far and how did you handle it?

I think the biggest challenge is the mindset. If a trader can’t control his mentality of trading, the chance of making mistakes is very big when he places orders. As a trader, I know that it takes time to learn how to control your impetuous mentality and calm yourself down.

What do you enjoy the most about trading?

Personally, I prefer USD/EUR, GBP/USD, USD/JPY, EUR/JPY, and GBP/JPY.

What do you think are the most important qualities to become a successful trader?

I think the psychological condition of traders must be stronger. Without a strong psychology, we cannot bear the blow of the loss, will repeat our mistakes, and it is easier to collapse.

Why did you choose to trade with Tickmill?

Tickmill has very narrow spread and limited slippage, so it is very convenient for small trades to place orders. In addition, Tickmill’s overnight fee is inexpensive.

Participation in the Contest

What do you believe was the key factor in securing the 1st place in the contest?

I was surprised to win the first place in the contest. Maybe it is because of luck, and I didn’t even think I was in the game. I think that whether or not I can win the championship does not matter, what really matters is the stable and sustained profitability in trading. This is the basic goal in forex trading, and strict stop loss and position sizing are also very important.

Which trading strategy do you believe was the most valuable in accumulating the highest amount of profit?

Everyone has a different strategy to the accumulated profits, such as pyramiding strategy and martingale strategy, but either way, the most important is position sizing, otherwise you may be  exposed  to big losses at any time.

What did you enjoy the most about the contest?

The prize was a surprise, and the most enjoyable of course was the attractive profit earned.

Tips

What advice would you give to novice traders?

For starters, I think that first of all, a trader should adopt the right trading mentality. If we can’t treat the profits and losses calmly, we are unable to achieve consistent profits. Secondly, the management of funds and position sizing are the core of sustainable profitability. The last is technology, and it is necessary to master some simple technical analysis.

Finally, I would like to thank Tickmill very much for often organizing contests like this, allowing traders to earn prizes. I wish Tickmill a bright future and wish all traders to achieve consistent profits. Thank you!

Mr Tan – Winner of the highest percentage of profit

Interview:

Forex Trading

What inspired you to try forex trading?

I started to learn about financial markets when I was in high school. There were ongoing currency attacks and many countries have devalued their currencies. Since then I have always been fascinated by the dynamics of the forex market.

How did you learn Forex trading?

I have never received any formal training before. There are plenty of free resources online. I learned all the trading principles from the internet such as forex forum, books, articles from top traders.

What is the biggest challenge in trading you have experienced so far and how did you handle it?

Individual traders like me are the smallest fish in the ocean. We have to compete with a large global financial institution or a professional hedge funds algorithm trading system. We are at a less advantaged position compared to them and we have no ability to move the market. What we can do is to ride the wave they have created.

What do you enjoy the most about trading?

Forex trading could be one of the most difficult, exciting, emotionally consuming endeavours I ever started. But I like the challenges of following the markets and the freedom of making my own decisions, at the same time be rewarded if I win.

What do you think are the most important qualities to become a successful trader?

Fear and greed can adversely affect our trading performance so how well we can control our emotions will be the key to our success.

Why did you choose to trade with Tickmill?

I have been trading with Tickmill since 2013. Tickmill has provided a profitable platform which matches well my trading style. Instant and zero fee card deposits has reduced the trading costs of small traders. I like the withdrawals request are processed pretty fast. Regulated by the UK FCA, Tickmill, also provides assurance in terms of safety and compliance too.

Participation in the Contest

What do you believe was the key factor in securing the 1st place in the contest?

Volatility spike since early February and being able to take advantage of it certainly boosts the return rate.

Which trading strategy do you believe was the most valuable in accumulating the highest amount of profit?

I use moving average to get an idea of the general market trend. Then I study the reaction of price patterns to understand the trends everyday. If the market is trending, we must be patience to let our profits run their course and resist the temptation to rush in to take your profits too quickly.

What did you enjoy the most about the contest?

The possibility to compare the live trading results with others, motivated me to do better.

Tips

What advice would you give to novice traders?

Always begin with a small account, trade within your means. There is no holy grail in forex trading, we just need to continue to learn from the markets until we stop trading.

Round 2 winners:

Junzhe YaoRead interview

Hongyan Jin Read interview

Round 1 winner:

Zhipeng LiRead interview

Terms and Conditions
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General Terms

  • The Revolutionary Win-Win Live Trading Contest (the “Contest”) will be held by Tickmill between December 2017 to March 2018 (3 months duration).
  • The Contest period starts at the commencement of trading on December 11th at 00:00 GMT+2 and ends on March 9th at 23:59 GMT+2 (market close).
  • The Contest is available to all new and existing Tickmill live account holders.
  • The main Prizes of the Contest are:
    • One (1) Bitcoin for each of the two (2) Winners
    • 10% commission rebates for qualified Participants
    • 1 USD per lot rebates on Bitcoin CFDs for qualified Participants

Contest Eligibility

  • To be eligible to take part in the Contest, Clients must complete the steps below:
    • Each New Client must create a Client Area account and submit the necessary identification documents to validate the Client Area account.
    • All Clients must open a new live MT4 trading account (Classic, Pro or VIP).
    • Each Client must make a minimum initial deposit of 1,000 USD or equivalent into the new live trading account.
  • All Clients will be automatically entered into the Contest, as soon as they create a new MT4 trading account with the minimum initial deposit requirement within the Contest period.
  • Every Participant is allowed to have one (1) MT4 trading account only.
  • Internal transfers will not be considered as minimum new deposits and abusers will be disqualified.
  • The Contest is open only to individuals who are at least 18 years of age and have a solid understanding of FX and CFD trading.
  • Employees or representatives (or anyone who has any relation or is a partner or an agent) of Tickmill are not allowed to participate in the Contest.

Contest Schedule

  • The Contest is divided into rounds, where a single round is a separated and independent contest not correlated with the previous or upcoming rounds. At the beginning of a new round, the leader board will reset automatically at 00:00 server time (GMT+2).
  • Each round will last for 30 calendar days, starting from the commencement date on December 11th at 00:00 server time (GMT+2). In the event where the 30th calendar day falls on a weekend, the round will finish on the last trading day of the week at 23:59 server time (GMT+2).

    Round 1: 11/12/17 00:00 to 09/01/18 23:59
    Round 2: 10/01/18 00:00 to 08/02/18 23:59
    Round 3: 09/02/18 00:00 to 09/03/18 23:59

Leader Boards

  • Each Participant who has opened a new MT4 trading account and deposited the minimum initial deposit required during the Contest Period will appear in the two (2) leader boards.
  • Each Participant’s nickname will be auto-generated by the last 3 digits of his/her username/ID and the first 3 letters of his/her email.
  • The first leader board consists of 3 columns: Place, Nickname and Total Amount of Profit.
  • The second leader board consists of 3 columns: Place, Nickname and Percentage of Profit.
  • The leader boards are sorted by profits (USD and percentage), starting from the highest to the lowest.
  • The leader boards are updated automatically every 60 minutes.

Determination of the Winners, Prizes and Rewards

  • Subject to the Contest Rules, the two (2) Winners will be the Participants with the highest profit and highest profit percentage on the last trading day of the month:
    • Highest profit winning formula: (Net Profit USD)
    • Net Profit stands for the realised profit earned during the Contest period plus the unrealised profit and loss.
    • Highest profit percentage winning formula: [((Ending Equity-Net Deposit)/Initial Equity)-1] *100 = Return

      Example:
      On 11.12.2017, Client A made a deposit of 1000 at 12:40, started trading and at 13:00, his equity was 1100. At 13:00, the return on the leader board was: [((Ending Equity – net deposit within an hour) / initial deposit) -1] * 100. So, at:
      13:00: [((1100 – 0) / 1000) -1] *100 = 10% {from 13:00 to 14:00 equity= 1400} – No deposit, no withdrawal
      14:00: [((1400 – 0) / 1000) -1] * 100 = 40% {From 14:00 to 15:00) Made a withdrawal of 200 and a loss of 100, which means that the equity was 1100
      15:00: [((1100 – (– 200 withdrawal) / 1000) – 1] * 100 = 30% {From 15:00 to 16:00 Equity = 1200} No deposit, no withdrawal
      16:00: [((1200 – 0) / 1100 (Ending equity of previous hour)) – 1] * 100 + 30% (previous profits) = 39.09% {From 16:00 to 17:00 Equity = 1000} No deposit, no withdrawal
      17:00: [((1000 – 0) / 1100 (equity after withdrawal)) – 1] * 100 + 30% (previous profits after withdrawal) = 20.90%

    • Net Deposit stands for the deposit minus the withdrawal (within an hour).
    • Initial Equity refers to the initial Net Deposit before the Participant starts trading. If a deposit/withdrawal occurs, then the calculation changes to the equity of the previous hour and that will be accounted as the “initial equity” for future calculations
  • Tickmill will announce the winners on the Contest page within two weeks of the month end and contact them personally via email.
  • In the event that a Winner fails to respond to Tickmill’s communication within 2 business days, he/she will be disqualified, and the prize will go to the runner-up.
  • Before receiving the Prize, the Winners agree to provide their full name and complete a short interview that will be published on Tickmill’s webpage and social media.
  • The Bitcoin will be sent to the Winner’s e-wallet.
  • The Winners may request the Prize to be given to them in the form of cash, credited to their MT4 trading account within one week of the Winners announcement at the value set on the last day of each month within the Contest period.
  • The Participants agree to the publication of their nickname and trading results during and after the expiration of the Contest and the announcement of their name and relevant results in any advertising relating to the Contest.
  • The Bitcoin Prize can only be claimed once. If one Participant was won one of the two Bitcoin Prizes, then he/she is not eligible to win the Prize again.
  • Qualifying Participants will receive withdrawable rebates for their trading activity during the Contest period, as follows:
    • 10% commission rebates for all closed positions, applicable only for Pro and VIP accounts
    • 1 USD per lot rebates on Bitcoin CFDs
  • Standard commission will be charged at the time of the transactions. The 10% commission rebates will be credited to the eligible Pro and VIP accounts within 30 days after the 3-month Contest ends.
  • The 1 USD per lot rebates on Bitcoin CFDs will be calculated per deposits and trading lots and will be credited to the eligible MT4 accounts within 30 days after the 3-month Contest ends.
  • Participants will be disqualified from the Contest if their accounts with Tickmill are closed before the Contest ends.

Arguments and Complaints

  • All complaints must be emailed to win-win-contest@tickmill.com. Only complaints submitted through this email will be accepted and resolved.
  • Complaints concerning the failure to make a trading operation on the Contest account because of slow internet connection (either on the side of the Participant or on the side of the Company’s hosting provider) will not be accepted.
  • Complaints concerning technical errors will not be calculated in the results.
  • The Company’s decisions in all disputes are final. While deciding, the Company will take into consideration the Contest’s terms and conditions, as well as common market practices.

Conditions and Limitation of Liability

  • Tickmill reserves the right to change the Terms of the Contest or cancel it at any time.
  • Tickmill’s Terms and Conditions governing trading shall apply. By participating in this Contest, all Participants will be deemed to have read, understood and expressly agreed to be bound by the Terms & Conditions of this Contest as stated herein.
  • Tickmill reserves the right to revise, delete and/or add to the above Terms and Conditions, and/or to suspend or terminate the Contest at any time, at its sole and absolute discretion, without prior notice.
  • Tickmill will not be held liable for any losses incurred by the Participants as a result of their trading in relation to this Contest. Trading CFDs is a high-risk activity and it is possible to lose more than the initial investment.
  • Any dispute or situation not covered by the terms of this Contest will be resolved by the Tickmill management in a manner it deems to be fairest to all parties concerned and that decision shall be final and binding on all parties. Tickmill reserves the right to refuse the pay out under the Contest if it has reasonable belief that there has been any co-operation, collusion and/or organization of trading transactions from the same source, or if there is reasonable belief that the Contest is being abused in any way.
  • This Contest and any obligations of Tickmill pursuant to it will be revoked or withdrawn from Qualifying Participants who abuse the spirit or intention of it. Tickmill reserves the right to cancel or withdraw the Contest at any time in case of any suspected abuse of the Contest. For the avoidance of doubt, “abuse” includes, but is not limited to, the opening of multiple Tickmill (as applicable) trading accounts to claim commission rebates.
  • Further, where any of these Rules are breached or there is any reason to suspect a Qualifying Participant has acted fraudulently or obtained an unfair or unintended advantage pursuant to the Contest, Tickmill reserves the right to disqualify the Participant.
  • If at any time all or any part of any provision of these Rules are or become illegal, invalid or unenforceable in any respect under the law of any jurisdiction, such provision(s) shall not affect or impair the legality, validity or enforceability in that jurisdiction of the remainder of that provision or all other provisions of these Rules or the legality, validity or enforceability under the law of any other jurisdiction of that provision or all other provisions of these Rules.
  • By participating in the Contest, Participants agree to be contacted by Tickmill by email or phone in connection to this Contest, or with news and information about the company’s services.

Risk Warning:

CFDs are high risk leveraged products that can result in losses that exceed the invested capital.

Cryptocurrencies like Bitcoin are extremely volatile, and the price can suddenly move sharply due to lack of liquidity and news. There is little or no fundamental reasoning behind its pricing and as such trading CFDs in Bitcoin pose a significant risk to all Clients. The price of Bitcoin can trade during the weekend, resulting in a substantial price change between Friday and Monday. It should only be traded by those Clients who fully understand that they risk losing all of their investment, or more, in a short period of time. Clients are advised to speculate with funds that they can afford to lose and seek independent advice if necessary.

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