In August, traders from around the world demonstrated their strategic brilliance and mastery in the Taurex Demo Trading Competition. This contest offered participants the chance to trade in a simulated, risk-free environment, testing their skills against their peers to claim the top spots. We are thrilled to announce the top three traders who excelled in this competition.
The Taurex Demo Trading Competition offers participants a unique opportunity to engage with a diverse range of financial assets, from Forex and Indices to Metals, Shares, Commodities, Crypto, and more. This risk-free environment allows traders to refine their techniques, deepen their market understanding, and gain critical insights that prepare them for real-world trading challenges. Success in this competition not only showcases trading prowess but also grants prestigious recognition.
The competition highlights the resilience and skill within the trading community. Each participant’s journey contributes to the collective growth of our community, inviting traders worldwide to join the exhilarating experience that Taurex offers.
To participate in the next Taurex Demo Trading Competition and trade in a risk-free environment, visit www.tradetaurex.com.
Meet the Taurex Champions!
Clinton Chinedu Anaenugwu
1st Place: $1200
From Ebonyi State, Nigeria, Clinton Chinedu Anaenugwu emerged as the top trader in August. With three years of trading experience, Clinton has developed a sharp edge in the Forex market, particularly with his favorite pair, the US100. His focused trading strategies and deep understanding of the market led him to this victory. Clinton reflects, “I only trade what I am sure and know about. This contest has been a significant step in my trading journey, and winning it is a testament to the progress I’ve made over the years. The support from the Trade Taurex team has been invaluable, and I am truly grateful for this opportunity. I encourage other traders to participate in this contest, as it can significantly enhance their trading skills and confidence.”
Clinton also mentioned how the win would bolster his live trading efforts, underscoring the importance of consistent learning and adaptation in the trading world. “The win will stand as support to my live trading journey. The low spreads on Taurex’s raw accounts and the platform’s overall support system are some of the key reasons I would recommend Taurex to other traders,” he added.
David Onyango Uduny
2nd Place: $500
David Onyango Uduny, from Kenya, secured second place in the competition, showcasing his trading skills developed since 2019. David’s strategy revolves around price action, coupled with a diligent following of economic calendars and financial news from Bloomberg, CNBC, and DailyFX. Reflecting on the competition, David said, “The competition was extremely competitive, especially in the last few hours. I was leading for most of it, but others passed me, and I ended up in second place. It was a learning experience, and I observed different strategies, like the one used by a trader who finished fifth. He used a very low risk hedging strategy, which I plan to incorporate into my trading.”
David also emphasized the importance of such competitions in helping traders sharpen their skills in a controlled environment. “These competitions are a great way to test and improve trading strategies without the risk. Going forward, I plan to trade small account sizes, just like I did in the demo competition. It’s a practice that helps me maintain discipline and focus on long-term success.” He also provided feedback on the competition, suggesting that the rule requiring at least one trade per day be reconsidered, and that maximum drawdown limits be reintroduced.
Ifunanya Rejoice Anaenugwu
3rd Place: $300
Ifunanya Rejoice Anaenugwu, with five years of trading experience, earned third place in the competition, showcasing her analytical skills and strategic approach. “I am grateful for the opportunity that Trade Taurex provides to traders,” Ifunanya remarked. “My approach was not to rush but to carefully check my analysis and take calculated risks. I focused on my favorite pair, the US100, and it paid off.”
She shared her experience in the competition, highlighting the importance of patience and thorough analysis in trading. “This contest has been a valuable learning experience. Every day was a chance to improve, and I am happy with how I performed. The support system provided by Taurex was very helpful and encouraging, making the entire experience even better. I think a weekly contest would be a fantastic addition, allowing traders to continuously test and refine their strategies. With the support I’ve received, I would definitely recommend Trade Taurex to my friends.”
