Participation in competitions can increase your confidence.

[tarun2305]

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

[jmsblack18]

The competition oftenly make someone trader better because they have a target and didn't fear to losing money since many contest use virtual money. But i think that is not give any high impact. I too never win in any contest and that is sometimes make trader more unconfident even the skill improve very well.

[Nabi Ahmed Gill]

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

ya ak acha idea ha ap demo account par trading karana kam sa kam few days partice karna or har wo analysis karan to ap ka damga main cala raha han or har tazarba har analysis karana dil kahola kar par phar really account par trading karan lakin ya kahal rakhana ka ap koa balacne katana ha balance ka khas kahla rakhan

[taufiqbd]

Basically I think for forex trading need cool brain and environment. First 3 years a trader should be learn forex and know how to analysis the market. If a trader survive in forex market three years then he must be success. I think experience is the major key of success in forex trading.

[sajid]

yes,you are right.I am agree with you.I think a good idea is given by you who is helpful for new traders.I also think we have to try at demo contest.
It can be helpful for us.And we can learn from demo practiced.



Happy Trading.

[younesjoe]

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 your are trus the competitions can give you more reflexion to practice forex with patianti but you must be patien and do not risk management to your capitale because you can loss all your money

[fxquest]

When competing with others we work hard to achieve the targets and not only this we try to perform better than other but the actual effect is that we improve our trading skills and so competitions help us a lot in becoming successful traders.

[kaia]

I never feel that this is a competition. I feel that this is like a game and a job. and I will be happy to share my trading strategy if I succeed in the future. For the moment I can not share it because I still have to backtest over and over again in order to establish systems of these.

[yogesh]

We surely work hard to go ahead and achieve better than others when we are competing in a competition with other traders and finally it help in enhancing the trading skills.

[pkdoo7]

winning to any demo contest is not so easy but it gives us good chance to get reward as a great bonus , and their are so many brokers who offer promotional contests and attractive bonuses to their clients . i would sure participate them for collecting money for my trade .