The market is a controlled dynamic system. - page 530

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vladavd #:

So I looked it up, there's nothing but statuettes. In 2017, subscriptions to some analytics services were given away. There was no mention of money anywhere.

I don't remember where I saw it.

You could google it.
 
Aleksei Stepanenko #:
Without the big prize, there is no point. After all, you are aggressively risking five grand.

There are different ways of looking at it.

After all, that five thousand and everything you've traded stays yours, regardless of the place you've taken. (minus the commissions of the competition organizers)
 
Олег avtomat #:

You can look at it in different ways.

You're looking in the wrong place - look at the signal money curve. There's already less money there than the initial deposit, gobbledygook.....

 

By popular demand of the workers !

Some changes have been made to the chart of the movement towards a brighter future.

A dot has been added to show the current equity value!

Now it will be much more enjoyable for the numerous workers to watch the process unfold !

 

Cool!


If there is truth on earth, there will also be freedom.

 
Олег avtomat #:

By popular demand of the workers !

Some changes have been made to the chart of the movement towards a brighter future.

A dot has been added to show the current equity value!

Now it will be much more cheerful for many workers to watch the process unfolding !


And where is that graph?

 
PapaYozh #:


And where is that schedule?

Schedules - are published on weekends, after the end of the working week.

Expect the next schedule to be published on Saturday or Sunday.

 
Олег avtomat #:

Alexey, if you are able to make a quality translation of the Rules from English into Russian, please do so.

Oleg, here is the translation of the participation rules:

 
Aleksei Stepanenko #:

Oleg, here is the translation of the rules of participation:

Thank you, Alexei. Thank you very much.

I think the Rules should be posted here for all to see.

I hope there will be no objections from the forum administration.

 
World Cup Championship of Forex Trading


Formal Entry Agreement.

The undersigned wishes to participate in the 2021 World Cup Forex Trading Championship sponsored by the World Cup Advisor (the "Sponsor") and has completed the Application for Opening a Forex Trading Account with a broker authorised by the Sponsor. An Authorised Broker ("Authorised Broker") is any broker who opens a World Cup trading account for ATC Brokers Ltd, or other Retail Foreign Exchange Dealer, which may be authorised by the Sponsor before or during the Event. If accepted, it will be agreed that the undersigned and his or her Account Manager, if any (collectively referred to herein as the "Participant"), will be eligible to participate in the 2021 World Forex Trading Championship ("Championship") subject to the following conditions:

1. Championship Trading Account
The Participant agrees to deposit a minimum of USD5,000 to participate in the Championship into a forex trading account which meets the requirements of an Authorized Broker. Trading cannot begin until the account has been funded to the full minimum.
Additional funds may be deposited at any time, including to satisfy the margin requirement as set out in clause 6, and will be added to the original deposit to calculate the total amount deposited. Funds may be withdrawn from the account at any time but the balance in the ledger will remain the same for performance calculation purposes. Withdrawals that are re-deposited will not be added to the original deposit to calculate the total amount deposited, unless they exceed the total amount withdrawn. Accordingly, the Participant should consider making a deposit higher than the minimum amount if the Participant's chosen markets or trading style may require additional margin. In order to demonstrate achievement in individual strategies, a Participant may open more than one account at the beginning of the Championship or at any time during the Championship Period.
Each account must be separately funded and margined. The same account creation application can be used to create multiple accounts with an Authorized Broker. Only the highest performing account will be used for ranking purposes.

2. Championship Period
The Participant agrees to start trading on or after January 1, 2021. The Championship Trading Period will end when the markets close on December 31st, 2021 in accordance with clause 12. Open positions must not be liquidated for the purpose of determining the winners of the Championship.

3. Participation and the Championship Awards
The three best profitable participants will receive the Championship Awards. Awards may be provided by third parties and are subject to availability and change without prior notice. The top three profitable entrants will receive coveted, named Bull & Bear crystal trophies. In connection with participation in the Championship, Participant irrevocably authorizes Sponsor at its sole discretion to obtain and print, publish, broadcast or otherwise use his, her or their names, photographs, billing statements and descriptions of participation in the World Championship in connection with this or future Championships and other promotions as Sponsor deems appropriate. The Sponsor may compensate the Participant at its sole discretion.

4. Representations by the Participant and the Account Manager
The Participant declares that he or she and his or her Account Manager (if applicable) are of legal age in the jurisdiction in which they reside and that neither of them, nor any of their family members, nor any of their partners or shareholders is related to the executives or employees of the Sponsor or Authorised Brokers. Each of them demonstrates that the Account Manager is duly licensed (if required by law or regulation) or otherwise exempt from registration. The Member's Account shall be self-contained, unless the Account Manager also signs and is a party to this Agreement.

5. Rules of Trading at the Championship
All trading shall be conducted in accordance with a separately executed Brokerage Agreement in foreign currency with an Authorised Broker. The Participant agrees to the following rules and regulations of the Championship, which may limit those set out in the Foreign Currency Brokerage Agreement. The purpose of the Championship rules is to ensure that each Participant has the same opportunity to succeed.
Sponsor reserves the right to modify, waive or interpret any rule if, in its sole discretion, it is in the best interests of the Championship.
a. Trading in the Championship will be limited to forex contracts available through an Authorised Broker and approved by Sponsor.
b. The Participant has the option to withdraw from the Championship at any time and either continue trading in accordance with the terms of the Brokerage Agreement entered into in foreign currency or cease trading.
c. The Participant agrees to place all orders through the Authorised Broker's online order entry platform. Accounts will be subject to the bid-ask spread provided by the Authorised Broker.
d. The Authorised Broker shall not be obliged to provide the Participant with any advice or market information other than the latest traded price and margin requirements for existing or anticipated positions. The Authorised Broker, in its sole discretion, may terminate the participation of any Participant for failure by the Participant to enter orders in a timely, consistent and professional manner.
e. Accounts will be charged $50 per million + 0.5 point per side (0.1 per side in US Dollars).
f. In the event of errors in entering or executing an order, the Sponsor's determination is final with respect to the Championship standings.
g. Trading must be conducted on the Championship Participant's account(s). At least ten (10) circular trades with any contract number per account must be placed during the Championship Period in order for the Participant to qualify for the Championship Award.
h. Each Participant agrees that Sponsor has the right to remove or suspend any Participant who, in their sole opinion, may dishonour the Championship, has violated any rules, laws or regulations relating to forex trading, or who has attempted to profit from any collusion or other trading offences. Sponsor has the same right to remove or block Account Managers.
i. Participant authorises the Authorised Broker to allow Sponsor to view activity in the Participant's account(s) for the purpose of monitoring the Championship results.
j. Participation in the Championship will be deemed invalid if prohibited by law. Winners will be responsible for any taxes on awards.

6. Margin requirements and elimination of positions
Initial margin for new positions and maintenance margin for existing positions shall be maintained in accordance with Authorised Broker requirements, which may be adjusted from time to time without notice. Participants may deposit additional funds for any reason, including to satisfy a margin requirement. Additional funds deposited will not be added to the original deposit to calculate the total amount deposited, unless they exceed the total amount withdrawn. Participants, with the consent of the Authorised Broker, may liquidate positions to meet the margin requirement. Championship accounts may not be restricted to other accounts belonging to the participant.

7. Termination of participation
It is understood that if the total capital in a Participant's account falls below USD 1,500 at any time, the Authorized Broker may, at his sole discretion, liquidate any and all open positions and suspend further trading. A new account may be opened with new funds at any time. The Authorised Broker may liquidate all open positions and prohibit further trading until the end of the day in the event that the total capital of the account falls by 50% of the total capital that existed at the start of the trading day. In such circumstances, the account may resume trading in the Competition on the following day.

8. Determining the Best Traders
The best traders for trophies, as mentioned in point 3, will be determined on the basis of net profit. All positions will be marked to market at the close of business on 31 December 2021 to determine the final capital of each account. For the purposes of the Championship results, the final capital will be the ledger balance plus any cash payments plus or minus any open capital, minus commissions due for the liquidation of any open positions. The winners will be the participants with the final capital who show the highest percentage increase over the total amount of Contributions. The percentage increase in trophies will be calculated by taking the final capital on 31 December 2021 minus the total amount of contributed funds and dividing by the total amount of contributed funds. Only profitable participants will qualify for prizes.

9. Use of the Championships for promotional purposes
The World Cup Trading Championships and World Cup Advisor trademarks are registered trademarks. The Participant must not and does not agree, either alone or in association with others, to use the Championship or their participation in the Championship for promotional purposes unless approved in advance in writing by Sponsor. If the Participant breaches this provision, the Participant may be disqualified from participation in the Championship or future Championships at Sponsor's sole discretion. If Sponsor finds a violation, the Participant agrees to pay all legal costs and damages incurred by Sponsor to enforce this provision and, if applicable, to return to Sponsor any award(s) received as liquidated damages.

10. Liaison Charges.
Authorised brokers shall not be liable for any delays in the acceptance or transmission of orders due to breakdown or failure of transmission, computer (hardware, software or interfaces) or communication facilities, or any other cause beyond their reasonable control or expectation.

11. Indemnification
Participant agrees to indemnify and hold harmless Sponsor and Authorized Brokers from and against any and all liabilities, losses, costs and expenses, including attorneys' fees, incurred by any of them as a result of: misrepresentation, violation of any provision of this Agreement, trading on Participant's account(s) or legal action brought by Participant and rendered in favor of Sponsor and Authorized Brokers.

12. Deferral, Cancellation and Acceptance
Sponsor reserves the right to alter the length of the trading period, postpone the start date or cancel the Championship if, in their sole discretion, they determine that such action is reasonable or necessary. This agreement will not be deemed to have been accepted until it has been approved by the Sponsor. Sponsor and the Authorised Brokers, in their sole discretion, may reject any Participant's entry for any reason and return it, together with all funds submitted.

13. Jurisdiction
This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of Illinois, and any case, claim or dispute based on or arising out of this Agreement shall be heard only by the Illinois State Court located in Cook County, Illinois or the Federal District Court for the Northern District of Illinois, and Participant consents to the jurisdiction and venue of such courts in any such proceeding.
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