CHICAGO--(BUSINESS WIRE)--Triple-digit returns and competitors with multiple accounts on the leader board set the tone in the 2010 World Cup Championship of Futures and Forex Trading®.
As the year-long competition continues, Canadian Brady Preston leads all competitors with a 162% net return through September 1, just ahead of Italian trader winner Andrea Unger at 146% (Unger won the annual competitions in 2008 and 2009!). A second account of Unger’s is in fourth place with an 82% return, while British national Michael Cook holds down third and fifth places with accounts netting 85% and 75%, respectively.
“It’s been quite exciting to watch the jockeying for position near the top,” says Cook, who won the competition in 2007 with a 250% return. “This year has been unusually tightly bunched.”
The competition, sponsored by PFGBEST and Robbins Trading Company, is the industry's longest continuously running contest for real-time, real-money trading. Traders vie for prizes from leading software and data vendors, coveted bronze Bull & Bear trophies, authority to trade five $50,000 awards accounts, and possible spots on the advisory staff at www.worldcupadvisor.com.
The World Cup competition first gained notoriety in 1987 when Larry Williams posted an 11,347% return by running a $10,000 account to $1,147,607.
This year’s competition includes a “contest within a contest,” with crystal Bull & Bear trophies awarded to the competitor with the highest return each month. These are the Bull & Bear trophy winners through the end of August this year:
|January: Todd Yamamoto 59%|
|February: Kurt Sakaeda 124%|
|March: Andrea Unger 96%|
|April: Andrea Unger 70%|
|May: Todd Yamamoto 351%|
|June: Shahar Shlomi 91%|
|July: Robert Kayes 71%|
|August: Andrea Unger 51%|
PFGBEST is a rapidly-expanding global financial services and technology firm, specializing in electronic trading, futures, forex, options, and managed accounts. The company sponsors trading competitions to identify and showcase trading talent. PFGBEST is also an industry leader in investor education, offering numerous free webinars each week attended by hundreds of people wishing to further their knowledge and skill in trading, charting, and many other topics. To learn more, please visit www.pfgbest.com.
There is a substantial risk of loss in trading commodity futures, options, and off-exchange foreign currency products. Past performance is not indicative of future results.