Participation in competitions can increase your confidence.

[coiruahmad]

You enter the contest can not necessarily guarantee victory in the trading contest.There are of course many of its rivals who play and follow the master of this contest.But also good for measuring the quality of the strategies you have.

[nisar]

if you want to make a comparison with others to know your capability than you should learn first than try your self in demo contest or something else. this will increase out confidence.

[Projapoty]

Ya,I think competetion is a great invention by the broker.It have all which necessary for a trader to learn.There have money too.So trader have that intensity to grab those.But it can make a trader aggressive.Its the only danger.Otherwise its ok.

[kingfoxy812]

yes of course Participating in competitions can help in boosting one's confidence while trading which one to get proper knowledge of forex

[nobby]

If you participate in competitions, there are definitely advantages but your confidence will only be increased when you are making profits and even winning something in the competitions. If all you are getting is losses from time yo time, then your confidence will even fall the more.

[mojan]

I ecourage the traders who are in this industry to perticipate in this competitions becouse they highly boost someanes confidence this is not easy but the more you perticipate the higher your chances of becoming good.

[muhammadusmankhan]

all the demo accounts contests account all increases confidence because we all know practice makes us perfect so i thing participating in demo accounts contest or doing demo account trading is excellent for a beginner trader to get knowledge and some experience as well.

[forexstudentforever1]

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

Yes competitions can increase our confidence. I always do competition with my dad it always increase my confidence.

[r555]

I say participate in the competition is a good idea because they didn't need a lot of dollars to participate and they can earn a lot of money. Demo are good but only to understand the terminals.

[nabila]

incoming the forex competition can meliorate us to get many noesis and money if we win it , during the oppose we can experiment the system we had and maybe we can win the reputation and get several money