Tuesday, April 21, 2009

Possible trading contest.

Please give me your feedback on this possible marketing opportunity.

This would be a free contest for traders to win a prize. The contest would last for about 2 weeks.

The aims of this project:
1) To expose many traders to dailyforexcharts.com and fibmaster.com
2) Provide you with another fresh reason to communicate with your readers
3) To give you the opportunity to earn ClickBank revenue.

Description.
I would create a few charts to define a trade setup on a FOREX pair using current price action. The setup would have a bullish perspective AND a bearish perspective.

Then we challenge traders to pick the correct outcome. The trader should decide whether the FX pair would rally to a certain price, or drop to a certain price, and the date that it would reach that price.

Allow 2 weeks for traders to enter, so we email them a few times.
Then we watch the price action, and choose a winner when the chart reaches the projected target. If no-one picks the exact date, then we select the trader who picked the closest date. A random selection would be a tie-breaker if necessary.

As time passes, I will give running commentary on the chart, showing my ability to read price action and project probable market turning points. This should keep traders interested and remind them about the two websites (dailyforex and fibmaster)

The prize.
1st prize is a 1-month subscription to http://www.dailyforexcharts.com ($99)
2nd prize is the video seminar set available at http://www.fibmaster.com ($79)
If the winners have already purchased the prize, I will refund them via paypal.

Also, I can provide a cash prize to the affiliate who is most successful in this campaign.

Any feedback/suggestions?

Please let me know whether you will participate. (email address: marketing at fibmaster dot com)

2 comments:

lewis said...

I think this is a good idea. I will support you on this!

Good job!

Stef said...

Hey Neal. I think it is a great idea and could really capture the interest of traders.