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What is 2016 world cup championship of forex trading?

The 2016 World Cup Championship of Forex Trading was an event held by World Cup Trading Championships (WCTC), where traders from around the world competed against each other in a forex trading competition. The competition aimed to identify the best forex traders in the world and award them with prizes worth over $1 million.

The competition was held for six months, from January to June 2016, and was open to any trader who met the eligibility criteria. The eligibility criteria included minimum account size, trading experience, and residency in a country where forex trading was legal.

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The competition was structured in three stages. In the first stage, traders had to trade a demo account for four weeks to qualify for the second stage. In the second stage, traders had to trade a live account for four weeks, and the top 10 traders from each of the four regions (Americas, Europe, Asia, and Middle East and Africa) advanced to the final stage. In the final stage, the top 40 traders competed for the championship title.

The competition was based on a percentage return on investment (ROI) basis. Traders were required to trade a minimum of 10 lots during the competition period. The winner was the trader with the highest percentage ROI at the end of the competition.

The 2016 World Cup Championship of Forex Trading was won by Wayne J. Bauman from the USA, who achieved a remarkable ROI of 1,730.62%. Bauman’s trading strategy involved a combination of technical analysis and fundamental analysis, and he traded mainly in the EUR/USD currency pair.

Bauman’s victory was not only impressive because of his ROI but also because he achieved it while trading with a relatively small account size. Bauman’s account size was just $2,500, which meant that he had to make the most of every trade to achieve such a high ROI.

The 2016 World Cup Championship of Forex Trading was a significant event for the forex trading industry. It demonstrated that forex trading could be a legitimate career and that there were traders out there who were capable of achieving extraordinary returns.

The competition also highlighted the importance of risk management in forex trading. In a market as volatile as forex, it is essential to manage risk effectively to avoid significant losses. Bauman’s victory showed that it was possible to achieve high returns while managing risk effectively.

The 2016 World Cup Championship of Forex Trading also provided a platform for traders to showcase their skills and gain recognition in the industry. The top traders in the competition received significant prizes, including cash, trading education, and the opportunity to manage a funded trading account.

In conclusion, the 2016 World Cup Championship of Forex Trading was an event that brought together some of the best forex traders in the world. It demonstrated that forex trading could be a legitimate career and that there were traders out there who were capable of achieving extraordinary returns. The competition also highlighted the importance of risk management in forex trading and provided a platform for traders to showcase their skills and gain recognition in the industry.

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