Benefits of Forex Trading Contest

I believe this is a really good contest, it will increase the knowledge of a deal. Because we're competing for something and it creates excitement, such as trading on real account. I think so, I will play very good

the fact is pretty different from trading with the tournament regarding emotional factors, the pressure burning along with a income along with a willingness to work with the signals in addition to analyze the market, simply because their particular thoughts are usually miniscule toys and games are widely-used simply prize draws.

the benefits of forex trading contest is to test ur skill and compete with others traders..
also u can gain money if u win,,but if u lose,u doesnt lost anything..it is good i thinkk..

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Originally Posted by adv.rased

i think it is time west for beginer because a begginer can not win, so it is became useless contest, if the contest rule is like, i.e. every one have price then i think it should be better for all.

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If everyone is given prize then it will not be called contest, so there must be some limit for the number of winners. I too feel that the contests are not much useful for the newbies in Forex market. Whereas the experts can use there strategy in contests, and test them too for there performance.

benefit that we can got from the forex trading contest i think just the prize that we can got inside only, because we are inside there was make the bad money manageemnt and being race to got the big prixe inside that contest

Forex trading contest is really great for forex traders which convert learning formula into them. They want to earn more and that is why the try how to earn more. Some of the brokers give their traders demo account contest which encourages the beginners.

i think this is another opportunity from forex trading business. It's mean some body can do forex trading business without any capital. i think i will love this business

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Originally Posted by Victoryindia

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?

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Contests have many advantages for the participant who is a forex trader and not a gambler. If I have a new strategy that can be profitable to me, I can test it in the contest and per chance I might win a prize. Now that prize can further be compounded using this new strategy and if it is good it means a steady source of income from another forex account and the strategy can be implemented on any existing trading account for better profits.

I think that beginners should participate in many contests as they need large knowledge to gain and contests is a suitable place for that, no matter if they didn't win

demo or real account forex trading contest in a forum or from a broker is good for us to learn the strategy that is proven to make profit from this market.
because usually after the winner is announced they must share their experience and also some tips on the strategy that they use during the contest.
by knowing this kind of information we will be able to know which strategy is good and which strategy is not proven yet.