Objective:
Evaluate the analysis, decision-making and risk management skills of the participants.
Description:
- Selection of Participants (traders): Available for experienced participants and beginners.
- Duration of the Challenge: The challenges are contemplated in a period of one month, they are announced by the TENORISFX social networks 15 days in advance.
- Trading Platform: Participants will have access to a DEMO-type MT5 trading platform with 1:100 leverage that simulates real market conditions. This allows participants to practice without real financial risk.
- Virtual Initial Capital: Each participant will have access to a CHALLENGE account with a virtual capital of $10,000 to operate in the market during the challenge.
- Available Markets: Participants will have access to trade any type of market available on the TENORISFX platform. This could include major, minor and exotic currency pairs.
- Ranking and Updates: On the TENORISFX social networks, the ranking of the top 10 participants will be published weekly.
Rules:
Defining conservative risk management is essential to protect the capital of traders and ensure that they are not exposed to significant losses.
- KYC: The participant must have approved the three levels of KYC in order to participate in the challenge.
- Risk-Based Position Sizing:
– Risk per Operation: 2% maximum risk per operation.
– Position Size: The volume unit per trade is 1 lot Maximum.
– Floating: 5% maximum operating.
– Stop Loss: Trades must have Stop Loss.
- Trading Time: Participants must have active trading (you cannot be 24 hours without a running trade or 24 hours without opening a position)
- Diversification:
– Variety of Assets: It is a challenge of trading in CFDs, we want to see your versatility in different markets.
- 1 Week: Forex
- 2 Week: Indices
- 3 Week: Crypto
- 4 Week: Gold
- Daily Loss Limit: 5% is the daily loss limit, once exceeded the participants cannot continue operating during that day.
- Assessing Volatility: High volatility can increase risk, so participants should adjust their position size accordingly, self-informing themselves of actual factors in these types of trades based on the technology, (Slippage) (Delay) (Spread) (Swap). CLAIMS REGARDING THESE REALITIES WILL NOT BE ADMITTED DUE TO LACK OF KNOWLEDGE BY THE PARTICIPANTS.
- Automations: No type of configurations of algorithm automations or (BOTS) are allowed
Awards:
The prizes or rewards of this challenge will be notified IN ADVANCE on the TENORISFX social networks at the time of promoting it, depending on the objective of interest to recruit talent, also notifying the number of participants that will be awarded.
Award Models
- $10,000 Funded in an MT5 ECN (Diamond) account at TENORISFX, leverage 1:100, the winner must respect the same rules as the Challenge except for the variety of assets, (you can trade the market you like), you can withdraw the benefits once you exceed 20% of the account, the profit of traders will be 90% of the profit, the account will be active as long as it does not violate the rules.
- $25,000 Funded in an MT5 ECN (Diamond) account at TENORISFX, leverage 1:100, the winner must respect the same rules as the Challenge except for the variety of assets, (you can trade the market you like), you can withdraw the benefits once you exceed 20% of the account, the profit of traders will be 90% of the profit, the account will be active as long as it does not violate the rules.
- $5,000 Funded in an MT5 ECN (Diamond) account at TENORISFX, 1:100 leverage, with a profile on the investment platform (COPY TRADING), the winner will receive 100% of the profit from his funded master account and 30% of the benefits that they achieve monthly to investors who choose to replicate their operations.
- Being selected in a TOP-TRADER where they will enter an exclusive group, where expert auditors will guide trading plans to manage MAM investment accounts with Investor Pool.
NOTE: PARTICIPANTS WHO DO NOT COMPLY WITH THE RULES DESCRIBED HERE IN THIS LOYALTY AND TALENT RECRUITMENT PROGRAM WILL BE DISQUALIFIED (IT IS A 100% FREE PROGRAM)