Forex Contest

Sforextrader

Active Trader
Mar 3, 2018
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What Is A Forex Contest?
Forex contest is a type of a contest. This is not a term that indicates another option or bonus in trading. It is a contest in its full and direct meaning. So this means that at least two (or more and in most cases they are more) people will take part and will compete against each other. These people as you can guess are traders, of course. They are supposed to be, though, only officially registered customers on the particular website, where the contest is offered. This means that you need to log in to participate and to be in your account to be a part of the contest. In short, any Forex contest is a detached trading area, where several participants are trading. Unlike the ordinary giant trading audience, where all traders make trades independently from one another, here, they are trading against each other and each of them is trying to make better results than the rest of the contestants. However, usually, there is nothing so different between the trading activity in a Forex contest and in trading during a regular day and in a regular trading environment. So, if you are a good trader, you have a big potential chance to win the contest.

The Most Common Types Of A Forex Contest
Experts believe that there are two general types of a Forex contest. And today, we will talk particularly about them. Even though we believe there are more than only two types of contests, we will avoid putting you into a confusion and internet says it everywhere anyway. Here are the most common two types of a Forex contest:

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Sforextrader

Active Trader
Mar 3, 2018
83
2
34
Bangladesh
Types of Forex contests:
  • Forex Demo contest: Forex trading competition on demo (practice) account. Participants aren't needed to deposit cash in different to require half in.
  • Live contest: Forex trading competitions on live (real) account. A minimum deposit needed.
  • Partner contest: dedicated to Forex broker's partners (affiliate).
  • Forecast contest: forecast the worth of a currency try or associate degree outcome of next natural event.
  • Draw contest: winners are determined on a draw wherever random winners are picked.

For each contest, totally different rules might apply. Traders square measure counseled to examine out the competition rule and regulation before taking part in any contests.

All forex contest depended on Forex brokers.