Top 3 Reasons Why a Leaderboard in a Trading Contest Is Important

Do you know the reasons why a trading leaderboard is beneficial to your trading? We discuss the top 3 reasons here.

Last Updated: March 25, 2025

 

This article is reviewed annually to reflect the latest market regulations and trends.

 

Do you know the reasons why a trading leaderboard is beneficial to your trading? We discuss the top 3 reasons here.

 

You are no doubt aware of how prominent a leaderboard is in sport, business and life in general.

 

Leaderboards have been used for as long as we’ve had two people competing against each other.

 

One of the most successful book series in our recent history is The Guinness Book of Records.

 

The reason for this is simple.

 

As humans, we are goal-oriented and breaking records is part of our DNA.

 

Bigger, faster, stronger. From the dawn of time until now, humans have continued to strive for bigger and better results.

 

Click play on the video below to see the top 3 reasons why a leaderboard is beneficial in a trading contest and may help you improve your results.

 

 

5th of August Leaderboard Update for Stage 3

 

Gold continues to shine for our top 10 traders, many of whom are exclusively trading the precious metal.

 

Chuan Hui Li is a new contestant and has rocketed to the top of the leaderboard, thanks mainly to a well-timed entry on Gold.

 

You are no doubt familiar with Zhen Wang, currently placed second, who bought and held Gold to become our Stage 2 champion, with a record return of 3,429.89%.

 

Please note that trading leveraged products carry risk and you can lose more than you start with.

 

They say the cream always rises to the top, and we see several traders who have been consistent throughout all three stages, still occupying the top spots in August.

 

Here is the current leaderboard.

 

Tradingcup Leaderboard as of August 5, 2020

 

Gold’s Impressive Trend Higher

 

As you can see from the 5-minute chart of Gold below, the overnight price action was incredible.

 

Gold broke out of $1,978 range early in the session and never looked back, moving from $1,975.82 to close at $2,018.75.

 

The 5-min chart shows several spots where some profit-taking took place, but overall, every pullback was met with buying enthusiasm.

 

Gold broke out of $1,978 range early in the session and never looked back, moving from $1,975.82 to close at $2,018.75.
XAUUSD ACY MT4 5-Minute Chart

 

Are you ready to join the next Stage?

 

Click here to register an account.

 

For more detailed insights on developing daily trading routines, risk management, and effective position sizing strategies, explore additional articles on Tradingcup.

 

Our trading experts at ACY and FinLogix are also great resources to guide your journey towards trading excellence.

 

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At Tradingcup, you can browse through a selection of signals and review past performance before you decide to copy.

 

Become A Signal Provider

 

Share your expertise and become a signal provider so other traders can copy your trades.

 

Stay tuned to our blog for more trader spotlights and leaderboard updates.

 

Trading involves risks.

 

Visit the Tradingcup blog through the link below for more updates:

 

https://www.tradingcup.com/learn


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