Forex Live trading contest is a trade war for real account traders to win some money prizes. Where participants prove their intelligence and earn some cash and prize. In this contest, every participant trader start battle with the same parameters such as the same capital at a time, trading duration, and trading period. There is a great chance to win a big prize such as a car, iPhone, Laptop also more $10000 USD Cash. Tthis type of contest is not for beginne, if you are a fresher you can start trading with forex no deposit bonus.
Forex live contest start with traders own money, they have to deposit on it. So, it's a risky trading, it's not for a beginner or newbie. You may lost your money on this contest. Everyone will try to gain highest profit and some top profiters will elected as winners.
What do you thinking? You are thinking real trading contest is bad? No, this is an alert for you, if you are not careful, you may loss your fund at a time. One thing you should remember you have to a good risk management techniques. Because of your intention to win the contest- and the fact if you are playing on demo contest- you may take risks that you wouldn't take on your own live trading account. What is to prevent a player from "betting the farm" on each trading? You're not going to lose genuine cash by doing as such and you'll just lose the game.
How forex live contest work?
There are so many brokers are offering Forex live trading contest in 2019, everyone is offering with different criteria. Every broker is setting their own trading rules and prizes. You will see in almost all the contests that you have to earn much points or profit to become a contest winner. You have to read carefully contest terms and trading rules before take a part in live trading compettions.
How to choose the right Forex real trading contest?
Winning a live contest, need skill, experienc and luck, if all thing comes at the same time, You will be elected as a winner. To win a compettion you need to choose a right one. So...
First of all, you have look at your trading skill. If you think you have the ability to fight with other traders you can proceed otherwise our suggestion gain some experienc from forex demo contest.
Then, find a reliable broker, who is offering the an amazing prizes, also with some easy conditions.
After selcet a contest, look out the contest terms of condition very carefully. Then if you think it is easy for you, and think if you will start comparing with other trader in this trading skill if can or not.
How to be a forex competition winner?
To become a winner you have to a solid strategy, a proven strategy will give you some confidante. Your past experience will help you to make a perfect plan. You need to maintain time frame. You can follow this procedure to win a contest:
1. Try to invest a little more money.
2. Always aim to keep an eye on the news that influences the forex market.
3. If you see the temporary success of any other trader, do not get in touch with it.
4. Try to gain highest profit to win
Way to join in a trading contest in 2019
1. Select an account type
2. Register with a broker who is offering forex live trading contest.
3. Verify your identity with your national ID card, Passport or any utility bill document
4. Deposit a minimum required amount on your account
5. Registe for contest if need
6. Join and start you trading