Benefits of Forex Trading Contest

[swapan]

I am agree with you Mr. Vitoryindia. The demo contest can make us aware about the forex market. The trading contest is very important for the medium and the bad trader specially. I will take part in the competition.

[saiful]

Forex trading benefit is difficult for new traders. This opinion to be a winner in contest trading is very hard. Gotten a trade high enough and it won the contest, so I confused which could be used to trade in live account.

[rofeq]

In this way you can find out what is the place of your skill versus others... In this way you can determine your place in this world... You can contest with the rest of this world and this way you will many things... like how others trade... how much win they are making and why

every trader must have a strategy in the transaction because they've been playing a long time and a lot of experience in trading for beginners so it has much to learn from the master to be successful in this business

[Borhan107]

There are many benefits of forex trading. By the forex trading we earn much money. Howver we can know about economic condition of the word. It is very importent for all people.

[joko]

the best part to participate in a demo contest will be lesson how good is our trading system and its capital-risk management. through it, we can size if we are good trader or just crappy trader that feel like a pofessional one. lol. Do not mean to be rude at all. And, after all, we can expect to get some prize from it..

If about risk management strategy, I think it's not only demo contest which could be used to train
about risk management because it's possible to train it with demo account and it will be more effective
to use demo account to find out good risk management and good money management. In demo
contest could give good training about the importance of consistency in profit because it's impossible
to win the contest without keeping consistency.

[pbelim]

In this way you can find out what is the place of your skill versus others... In this way you can determine your place in this world... You can contest with the rest of this world and this way you will many things... like how others trade... how much win they are making and why

[truegoa]

the best part to participate in a demo contest will be lesson how good is our trading system and its capital-risk management. through it, we can size if we are good trader or just crappy trader that feel like a pofessional one. lol. Do not mean to be rude at all. And, after all, we can expect to get some prize from it..

[ahsankhan]

Quite a lot of brokers hold regular trading contests among live accounts and demo accounts. Some are monthly, others weekly, and some are daily. Do these contests contribute any benefit to the trader aside from the prizes that could be won? What do you think? If so, on the contrary would there be any disadvantage?

actually the trading contest is not giving any benefit to learn forex but if a contestant win then he got a good money for entering forex and he got a good capital....

[zahira]

one of the uses of the contest is a benefit. but the more important purpose is to test a good trading strategy in which is done. by using the very useful in order to contest account strategies that do actually work in reaching the desired profit. In addition to the benefit can also get strategies that reward good and tested. of course it is not easy to do

Its like training program for new bie, i believe one of the causes of improper risk management,is the fact that some traders are always jumping from one trading style to another,from one currency to another and even one broker to another thus and in the process they end up loosing sight of the risk ahead

[zaidis]

I did not win the competition in the exchange. They are still by far the top spot in the competition. This may be due to my lack of experience and knowledge. But I will try to more competition in the exchange. Because I think that the foreign competition gives us a great opportunity to enter the currency market with the entry of enough money.