What is forex contest?
The forex contest or competition is the battle between forex, for the prize and contest money as mentioned above. Forex contest has different terms and conditions from broker companies, anyway, brokers want to attract new forex clients. The greatest point that attaches brokers is the genuine prize, and victors can even pull back it.
What is an amazing prize
There are many brokers such as Alpari, Octafx, Exness, FXTM, and fbs and much more broker are offering a lot of forex contest with amazing prizes.
Like, alpari contests: forex, investment: the alpari broker offered 4 contest in the same period those are:
With big prize amount [trader wars prize money $2,300 and virtual reality prize money $2,190 and also the other two contest have a good prize.]
Octafx contest:
Supercharged 2 real forex trading contest
Successful and the most active traders will be rewarded with top-class smartphones and smartwatches each month, as well as with 3 high-end luxury cars as the main prizes at the end of the year. Register for the contest, make a deposit to your account, and trade to become a winner!
Winner will get a high speed car!
Champion demo forex trading contest
A long-standing OctaFx demo forex trading contest with $1,000 prize fund is open! Register for the forex contest, trade on your demo account like a champion, and win real money! We add prize money to your Octafx trading account—trade on or withdraw them is up to you. Any possible trading techniques are welcome.
The prize fund is $1000!
How to win a forex contest
Thinking about the contest conditions and rules, learn about forex nuts and bolts means basic; yet to win you need strategies. The base information is fundamental, however insufficient for you to win, in light of the fact that there are not just dealers with the essential data - like you, yet in addition many experienced traders who discover fun and withal the pain free income. The trap, as you have as of late perceived, is to race in competition with loads of amateur forex traders.
Skills and experience and some techniques and also some tips are required to be a winner.
The best forex contests come with the best prizes
Obviously, all players get their focus on the awesome end goal first. Exness has the biggest prize, up to $120,000 aggregate for 12 rounds, so they compensate $10,000 for each round. Ftm's absolute prize is only 33% of that, which is $40,000 for 4 rounds, so the prize for each round is equivalent to Exness. Be that as it may, the principal prize of each round of Exness is just $3000, while FXTM first prize for each round is $5000. FBS master is a month to month challenge, so it has the littlest prize, which is just $1000, with the primary prize is just $450.
The rule and the condition
First, know and understand the contest rules, do what the broker requires - otherwise, you will face some problem later, so it's valued before knowing about it.
The most cases broker doesn’t allow you to multiple accounts in a contest. So don't do it, you will banne from the contest. Thus, my recommendation is to pick up a good contest with a good broker, such as the broker has high leverage and others. Like the Exness broker, leverage is the highest - 1:2000, nd fxtm and bs’ leverage are 1:500 and 1:100., you can simply make the calculation
However, forex broker has mainly two types of contest, know about, these are forex demo contest and forex live contest.
