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Forex Contest (Demo)

$30 Withdrawable no deposit bonus forex account

$30 No deposit bonus forex account is the easiest way to start online trading. Without $30 no deposit bonus forex trading, you can make...

100 USD Dollar Forex No Deposit Bonus

If you’re looking for an easy way to start trading forex, a no deposit bonus may be the perfect solution. These bonuses give you...

New $30 HFM Free No-Deposit Bonus

The $30 Forex No-Deposit New Bonus is a great opportunity to start trading without any investment. You can use the bonus to trade on...

HF Markets $35 Forex No Deposit Bonus

HF Markets Ltd is offering a $35 No Deposit Forex Bonus, which is a great opportunity to start trading without investing your own money....

100% MT5 accounts Credit Bonus – WELTRADE

Receive a Free 100% Credit Bonus Offer Trades can participate in contests at Weltrade and receive a huge variety of bonuses. On their platform,...

OctaFX Champion MT4 Demo Trading Contests

Trade your demo account like a pro in the OctaFX Champion MT4 Demo Contest to win amazing rewards! You are free to employ any...

$50 BigBoss MT5 Transaction Campaign

All participants who have completed trading on MT5 during the campaign term are eligible to participate in BigBoss Financial freshly announced MT5 Transaction campaign....

HotForex Virtual to Real Demo Contest

The HotForex Virtual to Real Demo Contest is a competition that is solely open to demo accounts. As a result, the participants' financial security...

Enjoy NordFX Super Lottery 200 prizes

On March 1st, NordFX launched a new Super Lucky Draw event. There will be 200 cash prizes ($250, $500, and $1,250) and two super...

AMarkets Contest Trading Rally Indonesia 2022

AMarkets has given away a reward to its Indonesian customers. This contest features a Honda New PCX 160 CBS motorcycle, an iPhone 13 Pro...

OctaFX Fantastic Cricket Giveaway 2022

OctaFX has created a unique and intriguing promotion to commemorate the start of the new cricket season. If you enter the giveaway, you could...

Lirunex Fiesta Raya Ramadan Celebration Contest

Pay tribute to the month of celebrations. By making a cash deposit, you can earn up to an iPhone 13 Pro, according to Lirunex....

Know the advantages of demo forex contests and the things you should know before registering to enter

Demo forex contests are competitions that usually never charge you anything to enter, and they offer prizes as incentives for the winners. If you want to take part, you have to register for a demo account with a forex broker, since, as the name suggests, demo forex contests are run through forex demo accounts, and hence no real money is involved in the process.

Things you should know before entering the demo contest

Before entering into a forex demo contest, you must understand that each broker sets its own particular rules and regulations that govern every demo contest. Accordingly, they decide certain things like the eligibility to participate, how the contest moves farther, and how can prized be won, claimed, and redeemed. You should ensure that you understand all the rules and comply with their specifications. In absence of which, participating would be only a waste of your time and effort, as non-compliance means elimination.

Advantages of demo forex contests for newbies

Even though demo forex contests are mainly targeted towards beginner traders to get a feel of how real forex trading works, it is common for experienced traders to enter such competitions as they see a chance to earn a prize, without risking any real money. Apart from all this, the ones who gain the major benefits from taking part in a demo forex contest are surely newbies, inexperienced traders. There are some significant reasons behind this as by entering such contests:

  • Newbies are supported to come to learn the tips and tricks of how trading is done. This not only offers them considerable forex knowledge but also endow them with tools, both physical and mental, they usually need if they tend to take up trading seriously in the future.
  • Novice traders can gain an understanding of the psychology of real trading, as competing in a demo contest varies from the virtual trading they engage in by demo account. Even though there is no risk of losing any real money, the competitive environment can give you the adrenaline rush, while the probability of winning or losing prizes, increases the stake and creates conditions depicting those of real, live trading.
  • Traders who are in the initial stage can test, and rectify or improve their strategies prior to applying and manifesting them in the real forex market when they need to do the real trade where real money would be a bet.

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