One of the most common questions we get asked is ‘What products can I trade in the Trading Cup trading contest?’
Click play on the video below to see exactly what products you can trade and which ones count towards your trading volume.
Top trading products in the 2020 Trading Cup
Without a doubt, the most traded product for 2020 and over the previous two years, is Gold.
Gold has been the number 1 instrument year after year.
And 2020 has not disappointed with volatility.
As you can see in the chart below, the momentum on Gold has been up, with several key breakouts on offer for short-term traders.
Even those who have been holding Gold with a trailing stop, likely have been able to move their trading account forward.
What products can you trade?
Your account is setup with ACY Securities with either MT4 or MT5.
Our MT4 platform currently has 63 products available, including:
· Precious Metals
Contestants are all given a zeroECN trading account with leverage up to a maximum of 500 to 1, depending on which products you trade.
The Forex majors offer the greatest leverage, followed by Gold.
Gold can be leveraged up to 100 to 1. But do keep in mind, that the higher the leverage you use, the higher the risk. You must make sure you are trading within your risk profile.
Products available through MetaTrader 5
The other option you have is to open an MT5 trading account and access over 660 share CFDs from around the global.
We currently allow you to trade share CFDs across the NYSE, Nasdaq and ASX stock exchanges at up to 25 to 1 leverage.
Can I create an Expert Advisor to trade the Trading Cup contest?
Many traders over the years and in 2020, have been creating Expert Advisors to trade in the contest.
We even interviewed one of last year’s finalists who managed to qualify with an incredible return using his coded EA.
In addition to individual traders coding their Expert Advisors, we also have a few trading funds who are entering the contest in 2020 with specially created EAs.
It will be interesting to see who gets to the final stage in 2020 and to see what methods they used to do so.
Minimum lots needed to qualify
There is a minimum quantity in the Trading Cup terms that is needed to qualify for prizes.
The minimums are:
· 10 standard lots of Forex, Precious Metals or Oil contracts
· 100 lots of indices such as the S&P500, Nasdaq or Aussie 200 Index
· 1,000 lots of cryptocurrencies such as Bitcoin, Ethereum or Ripple
In stage one of the 2020 Trading Cup, the winner focused exclusively on Gold and traded a total of 259 lots.
While he wasn’t the most active trader, he certainly traded a high number of contracts.
We also have a few other traders who are longer term trend traders, looking to find the trends on a small number of trades and trail a stop.
Every trading cup contest has a mixture of both highly active traders and those who trade only a few lots.
As you can see, you have every product at your fingertips to be competitive in the Trading Cup.
Now is the time to enter the Trading Cup and test your strategies against some of the best traders in the world.
Are you ready to join the next Stage? Click here to register an account.
Ashley Jessen is the author of CFDs Made Simple and Chief Operating Officer at ACY Securities. He has been in the financial services industry since the year 2000 and worked for some of the leading companies in the CFD, Forex and Online Trading space.