The easiest way to get initial funds for trading forex is to take part in forex contests for traders. A forex trading contest is an absolutely free competition of several registered participants with equal conditions and timeframes. The best forex competitions are featured by Forex Ratings. Contests for demo and real accounts differ. This means that some forex competitions require a funded, so-called live' account, whereas other competitions only require a demo account to be able to take part in the trading contest. You are able to choose a trading contest that suits you best. The benefits of such an opportunity are multiple – test your trading strategy for free, win prizes and earn additional bonus for trading on the real forex account.
Forex contests and competitions are both fun and lucrative at the same time. Hundreds of traders from around the globe regularly take part in such trading events. For a beginner taking part in a fx contest is an excellent opportunity of testing various trading platforms and improving trading skills while using demo account. There is no risk of losing your own money at a forex contest, and taking part in a forex contest or competition is helpful for better understanding of forex basics. This is essential before one switches to trading on a real money account. Once you wish to become a professional trader, it is a must to master forex skills constantly, and any forex trading competition is a good chance to improve and make a step further. Forex trading contests and competitions let fx newbies gain trading experience with no risk to their funds. At the same time, participants are able to compare their trading achievements with the competitors' performance. Depending on the contest rules, cash prizes are either withdrawable, or transferred into the trader's live account for further trading.
Forex contests and competitions give qualified forex traders a good chance to test various tools and improve trading strategies. In live trading the prizes are normally significantly higher and valuable compared to the demo account contests. A trader position in the rating depends on the won prize. It is a common belief that some dealing centers run forex competitions and contests to find new successful forex traders to be invited for trust management of investors' accounts. Forex Ratings provides you with a number of opportunities to participate in various forex contests, which you can join at any time. Once a contest of interest has already expired, it is normally possible to check back and find a new option, as new contests are always on the way. Another opportunity to get a contest invitation is to refer a friend provided that you both participate. Once a referred person wins, the inviter gets a benefit too. Check the Forex Ratings list of current contests for demo and live accounts and show your trading skills right away!
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Trading on margin is high risk. Losses can exceed deposits. AFSL 391441
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