The World Cup kicks off on Thursday so we’ve got a ForexLive Cup… well, a mug… up for grabs.

Some say football is the ultimate measure of a country’s prowess, we say its the currency. For this contest you have to choose the best FX trade among the participants at the World Cup.

There are 25 different currencies represented with 7 countries using the euro.

World Cup of Forex ForexLive

Pick your winner and loser

XAF is Cote D’Ivoire and XOF is Cameroon, but you FX experts already knew that

;)

For Argentina, we’re using the black market spot at DolarBlue.net (at 11.30 on the bid side today). There is an early disqualification from the tournament — the Ghana cedi — because it’s a basket case.

The contest is simple: Pick the best performer and the worst performer and whoever gets the total best percentage move wins. In addition, I’m awarding a 0.5 percentage point bonus if you pick the winner of the tournament.

So an official entry should look like this:

Best: ECS

Worst: AUD

Winner: Colombia

Contest will run from June 13 until the start of US trading on July 14. Deadline: Kickoff on Friday.

Good luck and have fun! One entry per user, put your guesses in the comments.