Forex Trading Contest: The perfect way to test your trading skills | Welcome to Linda Ikeji's Blog

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Thursday, 6 March 2014

Forex Trading Contest: The perfect way to test your trading skills

They say practice makes perfect in every new skill we acquire and forex trading is no exception to the rules. So why not make practice fun? Entering a forex contest is the perfect way not only to practice and develop your skills but also to test your technique, get a real sense of the markets and build up your reputation amongst fellow traders and brokers. 

And if you can tap into your talent and bring it to the surface, you'll be taking home a winning prize! Some brokers give cash prizes, others give credit in a live account; you could even win a grand holiday somewhere exotic. Continue...



Why enter a forex contest?
There are many valid reasons for entering a forex contest. Nowadays there are quite a few that are run by different brokers and services each year. The best thing about a forex contest is that if you win, you can take down a big pot from just a small entry fee.

Pit your skills against the best

Forex contests are a great way to test your skills against other traders. By seeing how other traders perform you can get a better idea of your own trading skill and what you may need to work on. Even better, you can see which traders are doing well and attempt to analyse their strategies.

Contests are also the perfect place to try out your own strategies and see how they perform without risking too much capital.

Build up your reputation

Another benefit of entering a contest is that it gives you the chance to be recognised by other traders. Doing so could enable you to gain followers, make friends and forge partnerships.

Who knows? If you do well enough you could even attract seed finance from a hedge fund or institution. It’s definitely happened in the past since forex contests can be a great showcase of new talent.

Level playing field

The great thing about a trading contest is that it levels the playing field for all contestants involved. In the real world, the trader with the most capital is often the one who is able to make the most profit but that’s not true in a contest.

Each trader starts off equal and is judged on skill alone. It’s a much more meritocratic process and means anyone can come through and be noticed. Perfect for the undiscovered star!

Have fun

Forex contests can be serious for many traders but at the end of the day they are also a lot of fun. There’s less pressure when you’re playing in a competition and competing is not just about winning but taking part and getting to know the community.

If you happen to do well, you could easily use that success to your advantage too. A good contest score can go on your resume and is a great calling card to send out to potential employers or investors.

Hot in the market right now are Forex Time (FXTM)'stwo forex contests, Trail Blazer and Blaze of Glory, the former of which has a low entry fee and is ideal for rookie traders and the latter of which is perfect for experienced traders looking for a challenge. The prize pools are generous and the competition themes are fun and engaging so it's definitely worth checking them out!

32 comments:

Alloy Chikezie said...

Love forex trading


Your comment will be visible after approval

onyii Asa said...

BLOG ANALYSER: I don't know how to do it bt I want to learn. Let us leave d game for professionals. May d best win

Badoo of Toronto said...

Dencia over Linda...tongue out.

Team LoveDencia

Anonymous said...

That's good #bright bravo#

Anonymous said...

Wow!Dat great.let go!

osatuyi idowu said...

Checkin them out. *««*CROWD PULLER PLEASER*»»*•

Anonymous said...

good one.








Click here to see dis amazing income earner. anyone can now earn extra cash

Cagey Berry said...

I don't mind doing an experiment with their cash.

Iheanyi Ebenezer said...

Linder come and test your own SKILL here with us,Forextime is good.

Iheanyi Ebenezer said...

Linder come and test your FOREX TRADING STRATEGY and SKILL with us in This Forextime contest. Forextime is good, am part of it and is doing great, 35% ROI already in just 3days.

Our Father said...

Kindly note forex trading is not for the faint hearted. It is an avenue where a person's liquidity can be smashed by virtue of the volatility of the currency markets.

Hence the risk warning: forex trading may lead to a person relinquishing most sometimes all of capital invested.

Only trade with capital or funds you can afford to forgo.

BRIGHTINO said...

Please I'm seriously pleading with anyone reading this. This is a SCAM. Be contented with what u have and do not gamble with your money. A word is enough for the wise.

Amarachukwu said...

Have fun

Ed said...

Forex is a scam, it has ruined a lot of lives, stop advertising it.

AnnMarie said...

grand holiday in somewhere exotic. sounds nice

Osarhiemen Agbonkonkon said...

Badoo,wht's d usefulness of this particular comment u just made ?
Is Dencia ur sister or wht?

Osarhiemen Agbonkonkon said...

Hmmmmmmmmn...thanks for d advice.
Lol

Dara John said...

Hello BRIGHTINO, Forex is real just like every other business, before you venture into it you need to be well train. Same thing happen to Forex trading, you need to be well train, I mean technical training not just a seminar. Who so ever tell or told you Forex trading is not real He or She is very shallow, if there should be fake of news there is Original. Don't say what you don't know dear.

sixtus said...

I guess you never traded forex with a particular strategy and lost a lot of money,that's why you call forex trading scam. You are the wrong person to give advice to people.

Anonymous said...

WHO IS THAT BUSH MAN CALLING FOREX TRADING A SCAM,IF ITS A SCAM THEN YOU MAY ASWELL CALL STOCK TRADING A SCAM,AND ALL THE REGULATORY BODIES REGULATING FOREX ALONGSIDE STOCK TRADING WOULD BE CONSIDERED SCAMMERS. you WERE PROLLY LURED BY ONE OF THOSE UNPROFESSIONAL HUNGRY NOVICES PROMISING FANTASTIC RETURNS AND YOU LOST MONEY JUST I LIKE I FELL FOR ONE TOO.BUT NONE THE LESS I KNOW FOREX TRADING IS DEFINITELY VERY REAL.I'V DONE MY STUDY AND I UNDERSTAND THAT NOW.

Olayinka Fatanmi said...

I registerd nd later got a call from a lady I cundnt decode his lingual....pls pple, I nid more enlightement on dis

Badoo of Toronto said...

Go outside your church and eat grass

Anonymous said...

Pls can u teach us hw to knw dis trading better

www.promonigeria.com said...

Nice. Forex is good

Estee Tyler said...

I'm a stock broker at markets.com. Forex is not a scam. We hold seminars here in Abuja. If u need more info, contact me so I can book an appointment with you here in our office. Our experts here will be your regular guild. Cheers

Ezekiel Habila said...

Brightino, you need to be up to date in global market, don' you see Aljezeera, BBC and CNN news? What of Bloomberg? You should not be heard outside that you are regarding FOREX as scam...

Anonymous said...

If anyone interested in forex trading and want to make consistant profit ever, I have surfsicated price indicator and perfect strategy to apply on your trading chart . contact me here: 08156949414

Anonymous said...

if its the same forex they use in europe i will advice against it from experience,cause u will be asked to register and when u do, they will ask for your credit card and u will pay a fee to start,they dont actually do much 4 u especially if u're a novice in finance. advice thread carefully

MISS UNDERSTOOD said...

@Estee... real forex traders don't have time for seminars.. here's d 411, guys who do seminars don't trade live accounts. For example, why will I spend 5 hrs of my time on the first friday of the month holding a seminar when I should be studying in readiness for the US non farm payroll news release by 2:30, a news that has d ability of making me $6000 richer in 30 mins or $300
poorer in 30 mins.

Estee Tyler said...

That's very true my dear. But creating time for your clients and serious potential clients will encourage them to trade. Don't you think so?

sarah alice said...

Really this type of contest help a trader to test their trading skills.I too enjoy such trading contest with Greenvault FX.

Mila Rose said...

Really nice blog and more informative about Forex Trading Contest& trading skills.

I got Forex Trading contest and perfect trading skills for Greenvaultfx.

Thank you!!!!

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