We know that the forex contest is a challenge like a tournament. But there are two types of contests available in the forex. These are 1.Forex live contest and 2. Forex demo contest. In a live forex contest clients has to invest real money. But in a demo contest, traders don’t need to invest from their own pockets. Brokers will provide a fixed amount of money to every participant for participating in the contest.
The forex demo contest is a great opportunity for a newbie trader to test his/her trading capability. This type of contest is the opposite type of live forex contest. And also there is a very good chance to win a real trading prize money or cash. The most important thing is, you can win a prize without having risk. Sometimes pro traders also taking apart into these contests while there will be big prize money. Some of the experienced traders are telling that, if a newbie trader can win a demo contest than, he/she can be a good forex trader in real trading.
Some basic rules of forex demo contest: Each demo contest has different rules, but few rules are common in each contest. There are some basic rules for the forex demo contest. You may check here below.
Before joining any of the forex demo contests please be sure that, your broker is reliable in the market. Here is forexnewbonu.com will help you to find out the right demo forex contests. Check our list to get updated.