So over on my blog I'll be starting a small contest where I'll be pitting some basic technical analysis against a local financial planner and their not-so-stellar GICs. The hope/expectation is to show the ease of trading Forex to those who are new to it by blasting the GIC out of the water. Currently the planner is offering a 5 year, non-cashable GIC at 2.60%. I aim to use some very simple technical analysis to beat the return within 6 months. If it works out, then I'll have some fun showing an alternative to traditional investments for those who want more of a return from a GIC but aren't sure about daytrading stocks. If it doesn't work then I'll have a nice case study of how to adjust a strategy based on market conditions, but I seriously expect it to outperform. The twist is that I won't be babysitting the trades. The idea is good risk management, solid trading rules and using a slightly longer timeframe, i.e. H1, for the charts. Thought you guys might find it interesting.