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Forex Contests

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....

NordFX 100000 USD Trading Contest 2022

Nord FX has announced the start of a Super Lottery. A total of $100,000 has been set aside for the promotion. 200 prizes are...

HotForex Ramadan Kareem Trading Reward 2022

HotForex has introduced a new Ramadan promotion in which you can compete for a variety of prizes. Prizes include a DIJ Drone, a PS5,...

Hotforex Holy Ramadan Trading Contest 2022

For the month of Ramadan, Hotforex has organized a Forex trading competition. For each lot of gold and silver sold, Hotforex will pay $1....

OctaFX Ramadan Charity Event Promotion 2022

OctaFX has organized a charity event to commemorate Ramadan. For every lot you trade on favorable terms, they will give one dollar to the...

MFM Securities Do It Ramadhan Contest 2022

From March 28th to April 4th, 2022, the MFM Securities Do-It-Yourself Ramadan Contest will be held. Ramadhan has begun, and the time has come...

Lirunex Forex Trading Contest 2022

Lirunex has launched a business competition for the year 2022. The entire prize pool for this contest is $3000 USD. The first-place winner will...

Earn up to 1000 USD in the Lirunex Trading Contest 2022

Lirunex strives to provide the best service possible to its customers. Trading Contest 2022 is a brand new campaign that they have only recently...

FreshForex Free win an iPhone 13 PRO

For new clients, FreshForex is running a prize draw. You may win an iPhone 13 PRO if you start trading with FreshForex. The FreshForex...

2022 FBS Birthday Party Raffle Draw Contest

FBS (Forex Broker Organisation) is a well-known provider of foreign exchange brokerage services. They are currently planning a large celebration to mark their anniversary....

ForexChief 1000 USD Free Investor Funds 2022

Forexchief understands how tough it is to attract investment, even if you are a trading guru. As a result, Forexchief is likely to be...

How live forex contests can benefit newbies and experienced traders?

Forex live contests are usually organized to address real traders, who hold genuine, funded, forex trading accounts. Such contests are generally held at regular intervals, either on a daily, weekly, or monthly basis. One of the major differences from demo forex contests is that in the live forex contests the trading generally takes place through real, funded accounts, and hence real money is always at risk with every trade placed.

The advantages of live forex contests

There are many reasons to attract traders to live forex contests which goes far beyond the apparent attraction of winning a coveted prize. The rush and buzz that you can have by competing in real-time with traders from across the globe provide an unmatched thrill and the caliber to unlock both more trading profits, and prize rewards, everything makes up a pretty irresistible combination.

Let’s discuss the primary advantages of forex live contests that make such competitions so popular in the eyes of seasoned traders:

  • The trades in the competition befall under real market conditions, hence rendering the whole experience a perfect test of skill and mastery, and provide added value and fame to those who manage to reach the top.
  • The thrill and competitive spirit running through such contests stimulate and provide a motive to traders to go all out to excel and push their trading skills to the maximum, as the stakes are higher.
  • Trading synchronously and directly against other traders is a much better experience than individual trading, and a majority of traders are keen to showcase their skills and to prove their talent to the world.
  • Apart from enabling a venue for testing strategies and brushing trading skills, forex contests in fact reward those worthy that usually involve traders who can undergo the heat of the competition and prove their trading dominance.

Conclusion

In a nutshell, forex live contests are an ideal way for traders to understand how their skills stand against those of other traders and enable them with a right way to gauge and evaluate themselves as traders, as under normal trading conditions comparison of individual performances are not possible. In addition to this, if you become successful in such a contest, you not only take away the profits gained from the successful trading transactions, but also the amazing prizes on offer, an incredible boost in their self-confidence.

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