20th May 2009

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 1^st June 2009 and ends on 7^th August 2009.
3. The registration of the FOREX ULTIMATUM will commence on 21^st May 2009 till 27^th 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 14^th August 2009.

To participate approach our course facilitators for the application forms or you can email support@jflennon.com