Free Forex Tournament Are Still Opened
While searching on free trading contest on google, there’s not much forex broker run free competition. What I mean by free is participants are not required to make any deposit to enter the contest. Opening a real account is okay since the prize will be transferred to winner’s account.
Benefit of Free Trading Contest
So what is the benefit of participating in trading contest? Some pro traders will probably say that’s a pretty good way of wasting time. I think it’s only apply for novice trader. Dooh..
While many of new trader looking for a way to make decent money on forex or stock trading, the free trading contest will definitely help them to sharpen their skill. And if they got lucky, who knows, they can win nice amount of money to start their real trading experience.
Jumping on forex trading contest or stock trading contest is different with trading in demo or virtual account. Not in platform or virtual money because usually contest trading use demo account for the games. But the feeling is different. In virtual account without contest, you will use the technique to seek most stable performance for your trading style while in contest account you put your extreme engine to win the tournament.
Tips to win free forex trading contest
- Start early.
It’s better to enter the competition on the first day of the tournament. You will have more days to trade. That’s mean you will have more time to collect profit. - Trade only profitable opportunity.
Main goal for forex/stock trading contest is to achieve highest profit for the contest period. It’s useless if you open trade 20 times a day but most of them are losses - Stake big.
This is probably is your best weapon but it comes with consequences. If you are in profitable trade you can ended up in top position but if you loss your account will burned out immediately. - Using robot to automate your trade.
You can go to forex forum to grab the best robot. It will trade your account with no emotion involved and you can trade full day as long as you keep your box on. - Don’t quit too soon.
When you are not top position, don’t quit too soon. Usually, traders are desperate when see they are not in top position. Guess what.. the stats is only for closed positions only. You never know if the persons in top position are holding open loss in their trade.
Free Forex Competition are now still open
If you are looking for broker that open a contest for free, you can try this. Do you know other forex trading competition or stock trading competition which has no entry fee and give real prize? Please let me know.
- Etoro
Etoro is forex broker with innovative platform. I think this platform is designed for beginner in forex trading. You can look at their platform, it’s just like a flash game.Contest detail:
Period: Open weekly
1st Place gets $500
2nd Place gets $300
3rd Place gets $200
4th to 6th Places get $100 each!
7th to 10th Places get $50 each! - InstaForex
Instaforex is new broker. Competition will begin at September 29 until October 31. This contest likely as their promotion tools to get more trader to open account with them. Registration is free.Contest detail:
Period: 29 September 2008 – 31 October 2008
1st Place gets $5000
2nd Place gets $2000
3rd Place gets $1000
4th Place gets $500
3 random Extra-prizes gets $1000 each ($3000 summary)How to register:
First, you need to open a real trading account. Go here!
Then you can register for the competition. - GTL Trading – Free Demo Contest
Traders are ranked based upon the highest percentage increase in equity during the Contest Period. This will be evaluated based on trading activity over 30 day duration. Contestants can start trading immediately on registration.
Price #1 : $ 1,500
Price #2 : $ 1,000
Price #3 : $ 500
Registration page: http://www.gtltrading.com/contest/gtl-challenge.asp
More information about the contest: GTL-Trading
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a perdurable a day, helps you sleep, work and play
both broker are illegal
and not pay but after deposit.
thanks
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Hey, is there a section just for latest news
Seeing that made my day! If the other articles are like this I’ll have to come back
Sweet! I feel like I just dug up gold
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I agree with your tips to win free forex trading contest especially starting early.
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