Participation in competitions can increase your confidence.

definately yahi ek tareek hai jisse ham apna cofidence ko kafi acha increaser kar sakte hain aur hame trading me bhi kafi help milegi isse

Participation in Forex demo contests are very best and profitable way to earn money. its also increase your knowledge and skills of decision making while trading in real account

we should have to participate in the competitions.
Competitions remove the fear and gave us the confidence.
When we gain the confidence, we go thru the trading with less emotions,
which decreases the fear of loss.

Competitions are really a great tool to practice the aggressive form of trading as you can't go slowly in the contests. You need to make good and fast moves so that you can be in a position to win the contest. It will certainly increase the confidence and trading skills.

competitions are very high risk trading and there is huge competition between the traders that are participating. so it definitely increase the confidence level as there is a will to win

indeed it will happen if we can fool a lot of traders are reliable in the contest ..
but if otherwise we will lose more and make us more confident to decline further ..

i dont think so. it will only teach you how to trade with risk. because in contest peoples take huge risk to won their trade. they play like a gambler. its only for a expert trader. but if you are a newbie you should practice in demo account. no need to participate in trade contest.

I think first time use the involvement in Forex demo contests are highest and profitable thanks to earn cash it's very good for way. its conjointly increase your information and skills of call creating whereas trading in real account then you have to success of market.

Quote:

---

Originally Posted by sudsind

Participation in competitions can increase your confidence

Hi,
In demo account you have no fear of loosing and so you are ignoring the major factor in trading which is emotion.
But if you are fighting a competition, than you have an obligation to perform better than others, so you can also practise your emotional behaviour thr.
so many brokers organize a lot of competitions every month.
and myfxbook
http://www.myfxbook.com/members/suds...sudsind/257886
also organises a competition almost every month, why i like it most because you can see the live stats of every action of your trading as well as others. So, guys try and participate in the next competition, as i saw very less Indians were their at there last competition

---

Trading with money that we have acquired it in the Forum of the rewards and encourages you are trading more with all freedom and without any psychological complex for that money really is a gift from the brokerage firm's encouragement to engage in trading with Forex.

yes i believe that words.if we going to take participate in instaforex contest then i am sure,our confidence will going high and it will be very useful for our trading.need concentration and have to trade with patient.