There are many trading contests arranged all the year round in Forex. You will hardly find many people who have not attended any contests.
These contests tell you how you can improve trading efficiency and also gives you the chance to win money for your successful trades. They give you two benefits in one tare. The first benefit is you make money when you make a successful trade. The second benefit is you get to learn the trading process and make a profit from winning the contest.
You will be amazed to know that many professional traders take part in these contest all the year round and they make thousands of dollars.
This article will tell you how you can add some extra money to your profit by winning the contest. Never think we are telling you to make contests your main trading platform but they should be only used for winning money.
If you can trade by the given conditions and make some extra profit, it is profitable for you.
Participate in the competitions
Want free money?
You need to participate in trading competitions to learn more about this market.
Some of you might think of becoming an active member of the social trading platform is nothing but a waste of time. But if you do some research you will find it extremely helpful.
Most of the time the new traders are taking a huge risk to earn a decent amount of money. But do you really think this is the proper way to trade the market? The simple answer is NO. You have to find quality trades and trade with managed risk. The moment you start to participate in trade completions is the very moment you gain exposure to the professional trading network.
Forex trading is extremely popular in Australia. Since this market allows the traders to make a huge profit with a small investment, more people are joining in each day. In order to master the art of Forex trading profession, you must learn the three major form of market analysis. It will eventually help you to make more money in the long run. Always follow the conservative way of trading or else you will never succeed in trading.
These contests have small joining fees
Most contests are free to join but some contest requires a little deposit of money to make sure you really want to take part in this competition. This money allows the brokers to list all the interested traders who want to make some profit by winning trades and reduces unwanted visitors.
Imagine there is a contest arranged by your broker. Every trader is allowed to take part and the winning prize is 10 thousand dollars. If are making a consistent amount of profit, you will not think a second time before giving the joining fee if there is any by the broker. This little fee is your investment to achieve a big goal.
Even if you lose contests there are no losses
The best part of these competitions is there are no losses. If you failed to make money by the given conditions or you cannot reach your goal, you will still have some knowledge and experience.
This knowledge will teach you how to manage trades in pressure on how to plan strategy in certain conditions. If you win the contests, the broker will shower you with profits and gifts and you will also get recognized in the trading industry.
Forex contests also increases opportunity for trading in new markets
These contests open your chances and you will find this Forex industry has much more to offer. They will introduce new people and you can get ideas that can change your career.
You also get to practice new strategies in live trends and all these only make you more experienced. You should take part in trading contests all around the world to improve your performance and get a reward for successful trades.
Our Pick for the Best Forex Course
“Forex Trading A-Z” is our pick for the best in-depth course to teach you the complete ins and outs of the entire Forex Market, including how to trade and make money/profit off currency movements. Whether you are starting at the beginning, or looking to brush up your skills and get the most relevant information, “Forex Trading A-Z” is a lifetime subscription where Kirill Eremenko, your instructor, gives you unlimited lifetime access to his constantly-updated content for only $11.99.
Games that pay you to play. Yes, we're serious.
These 3 apps will pay you to play games on your mobile device:
- Mistplay (Android) - If you have an android device, you can download this app and start getting cash rewards for playing new games.
- Solitaire Cube (iOS) - Earning money by playing games on your phone sounds like a dream. But this app really pays you for playing solitaire with cash rewards.
- Lucktastic (Android) - This free app offers the same daily scratch-off cards that you find at your local convenience store — but here you can play for free and win real money.
It’s for beginning to advanced traders, Eremenko wants to show investors proof that trading on the Forex Markets can truly make you a profit.
Whether you’re new to everything Forex or looking to add to your ever-growing understanding of how the Forex Market operates, Eremenko is bringing over seven years of experience to your home through his Udemy course.
Click here to learn more about the Forex course.