Does anyone really care that these two guys traded a bunch of fake money on currency and stocks and won this challenge?

Besides the fact that nobody could keep up this kind of action week after week, making as much money as they did would never happen in real life because the risk is way too high.

So, congratulations are in order, but now the real test begins. What are they going to do with the money and are they going to follow the same kind of strategies they did in the game? This is key because ideally you enter a contest like this with some kind of game plan. Even for the short term you can’t just wing it. The same kind of research that goes into trading real stocks and currencies has to take place. The downside of course for stocks you only get one trade a day. To me, the advantage is immediately with currency traders and I don’t think I agree with that.

Currency markets are open 24/7/365 so you could make hundreds of trades on fractions of pennies and make money if you time it right, but who has that kind of time?

One of the other rules of the contest that was unfair is you can’t short stocks. I entered and picked some stocks that performed solildly but with only 3 months or so to play and no ability to short, and for me, no interest in currency trading I was doomed from the start. At least it wasn’t real money.

Check out the interviews with the winners.

http://www.cnbc.com/id/15840232?video=806001646&play=1

http://www.cnbc.com/id/15840232?video=806077770&play=1

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