Dollar rates

20th May 2009




Elena
Course Facilitator


THE JF LENNON FOREX ULTIMATUM
(Trading Competition)

JF Lennon is launching a Trading Competition, known as the FOREX Ultimatum for all JFL Students.

We are aware that there are plenty of FOREX sharp shooters within our trading groups, and this is one fantastic opportunity to pit your trading skills against one another and WIN Exciting CASH prizes. Trade demo and WIN real CASH! Yes, real hard CASH rewards for our trading champions!

RULES & REGULATIONS OF THE FOREX ULTIMATUM

I. General Provisions

1. The FOREX ULTIMATUM is organized and sponsored exclusively by JF LENNON & ASSOCIATES PTE LTD
2. The period of the FOREX ULTIMATUM is 50 trading days. It officially starts on 1st June 2009 and ends on 7th August 2009.
3. The registration of the FOREX ULTIMATUM will commence on 21st May 2009 till 27th May 2009.
4. Prizes for the FOREX ULTIMATUM are as follows:


* Individual Category

Top prize S$ 888

10 other cash prizes for outstanding traders

* Team Category

First place – S$ 1,688

Second place – S$ 688

10 other cash prizes for outstanding group performance

5. The Organizer will provide demo accounts on which the Participants' of the FOREX ULTIMATUM will apply throughout the period of the competition.
6. All Participant operations will only be performed with only virtual money on demo accounts.
7. Registration Fee:
* Individual SGD$ 10
* Trading Team SGD$ 30

II. Participants

1. Only JF Lennon students and marketers are eligible for participation in FOREX ULTIMATUM.
2. You can register as an individual or as a team (from 4 to 8 people per team). For team registration, team leaders should submit a collective team trade journal and not team member trade journals. Format and styles of trade journals are up to the team members to decide.
3. No former or actual staff members of JF Lennon, or their family members or relatives, are eligible to participate.
4. The Participant agrees and undertakes to provide true information about himself or herself at registration. Incorrect registration details will result in disqualification.
5. The Participant can be registered only once.
6. The Participant agrees not to raise any financial or other claims against the Organizer or the Sponsors.
7. Organizers reserve the right to refuse registration to a Participant without showing cause and to disqualify him/her showing the cause.
8. Having registered for participation in the FOREX ULTIMATUM, each Participant expresses hereby his/her full agreement with these Rules without any exceptions or limitations.

III. Trading Terms

1. A special group of accounts on the MIG demo server will be used for the FOREX ULTIMATUM. The accounts will be provided by JF Lennon only.
2. The initial "virtual deposit" is defined as US$10 000, leverage 1:100. The deposit may not be topped up.
3. Any currencies pair can be used for trading during the FOREX ULTIMATUM.
4. The minimum trade size is 0.1 lot, the maximum trade size is not defined, however Participants should trade according to money management rules.
5. Maximum risk per trade 10% of account size.
6. The maximum amount of simultaneously opened positions and pending orders is 3.

IV. Publishing of Results

1. During the FOREX ULTIMATUM, the following will be published on weekly basis:
* all Participants' statements
* all Account Histories
2. Ratings and comparison tables are updated every week.

V. How the Winners Are Determined

1. After the FOREX ULTIMATUM is completed (2359 on the 7th August 2009, Singapore GMT+8 time), all positions will be forcedly closed.
2. The winner is not the one who will have the largest profit, but the one who will show the ability to make profit consistently.
3. The winner will be judged on the basis of:
1 Money Management 30%
2 Trade Journal 15%
3 Profit Factor 15%
4 Winning Ratio 15%
5 ROI 10%
6 Drawdown 10%
7 Equity Curve 5%
Total 100%
4. If none of Participants has a positive balance, no winner will be declared.
5. If two or more potential winners have equal balances, the final decision will be made by the judges.
6. The Winners must agree to the publication of winner’s names and surnames.
7. The Winners must agree to participate in publicity and marketing events (if any) conducted by JF Lennon, including interviewing, photo-reports, and public announcements through mass media about the events to be conducted.
8. The Winners will be awarded during second all JF Lennon students gathering on 14th August 2009.