Forex live contest is a competition for forex traders. Forex contest arranged by the forex broker. In a contest, each trader invests their own money for real prize money. Each trader starts trading for a limited time. After completing the contest time, brokers announced their winner. There are two types of forex contests (1) Forex live contest and (2) Forex demo contest. Forex live contest is a stage where a trader can test his/her trading skills with a lot of traders. It’s a big opportunity for traders to win a big fund.
There are a lot of brokers in the market who are arranging a forex contest at various times of the year. Most of the brokers arranging the contest once a time in a year, but a few brokers putting many contests in a single year.
There is no magical way to win a forex contest. But here are some rules for forex contests, most of the competitions follow profit gaining method to declare winners. Most profit gainers will be announced as the winner. Here are some techniques for choosing a forex contest.
Overall forex live contest is an excellent opportunity to win extra money by your trading. But it has risks. You can lose your money in this type of competition. Most of the traders are losing their money by joining forex contests. It would help if you learned more and more to win a forex contest. Don’t invest a lot of money which you can’t bear if you lose.