One and a half weeks into the PFGBEST Go For The Gold precious metals trading competition, more than 2,200 entrants are registered to trade, PFGBEST confirmed today.
Go For The Gold is a joint educational endeavor between PFGBEST and CME Group. It is a fun way for people interested in trading gold and silver futures to see if they have the chops to successfully trade gold and silver futures. Because it is simulated trading, there is no risk of loss to any competitor. Each entrant begins with a $50,000 simulated trading account.
Each day during the duration of the contest, which runs 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 contracts that any registered Go For The Gold participant can trade, on the BESTDirect online trading platform, in a practice trading environment, include gold futures (contract symbol GCZ1), silver futures (SIZ1), miNY gold futures (QOZ1), miNY silver futures (QIZ1), and E-micro gold futures (MGC1).
PFGBEST Project Manager Chris Sheridan directs the Go For The Gold contest and writes Go For The Gold Weekly Updates. Though the contest is now in its second week, there is still plenty of time to enter and have a chance at the daily and weekly prizes, he says. The grand prize that will be awarded at the end of the competition is a $7,500 funded live account for 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. An American Gold Eagle coin will be awarded to the contest participant with the third highest number of profitable trading days.
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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.
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. In addition to precious metals futures and options trading, PFGBEST offers a variety of other precious metals products and services. One such product is an account for systematically investing in precious metals, called the Gold And Silver Accumulation Program.
You can also get price quotes for coins and bullion at www.PFGPreciousMetals.com. See and order the unique, collectible SpongeBob SquarePants coin set at www.SpongeBobCoins.com. PFGBEST is dedicated to investor education, offering numerous free webinars each week www.PFGBEST.com/webinar/, and PFGBEST Research analyst Mike Daly serves brokerage clients with daily market reports on precious metals. http://www.pfgbest.com/services/research/blogs/daly-gold-blog.asp
PFGBEST is a privately held and run FCM, with customers, affiliates and brokerage offices in more than 80 countries.
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 to be liquidated for purposes of determining winners.