Thread: Forex Competition

Hi guys & gals,

Did you know that such things exist... read on!

FX Sol, (www.fxsol.com) one of the leading brokers dedicated to forex trading is launching a competition for forex traders.

Prize? Up to $20,000

This is where the brightest strategist eat the most foolish gamblers and take the prizes home!

Rules for these things are as follows.

Accounts must be live (which adds the emotional obstacle of real life)

It's During the whole month of April (so the pressure last longer)

At least 50 trades must be done, (that's more than 2 trades per trading day, which will trap many into entering a trade on rushed decisions).

The account who makes the best percentage return on the initial sum is the winner.

I know there are many traders who are better than me going for this (for now at least ), but hey this is one of those things that make you realise that:

The fX world is a fantastic place to be!
We love you forex

FXCM has been doing this for quite some time now
every month they reward the top five percent of return
the top prize for every month is $2500
It is amazing to see what the results are every month
300 to 400% return usually for the first prize
the 5th prize is usually in the 100% to 200% +
they will even tell which country the winners are from
Spirit

Even forex.com have been doing it. They even reward with cars.

Brokers get more clients, and more returns!

And the good traders get something too.

I should try, I have a good chance to beat the 200% on a mini account, but it really depends on the strategy and the times of day one trades.

A significant issue is transaction costs. When trading currencies with a Forex broker, you don't need to pay any commissions. In any case, the broker acquires money by applying a spread: the organization sells you a currency pair at a greater expense than it buys the currency pair from you. This implies you buy foreign currencies at a higher rate than you can sell them. This is known as the "spread", the difference between the bid and ask price. Low spreads mean higher benefits for you. Check and compare the spreads of different brokers for the currency pairs you need to exchange.

because that is important for traders to be better and be more maximal in observing the regulations used by brokers in order to get maximum trading safety and comfort as I got from Tickmill.

Forex Market is the most popular online market to earn money in the world. Many people earn a lot of money from ths morket. Some traders make profit and some other make losses. This is very competative market. If you want to survive iin this volatile market, you need to have enough knowledge and experience. You can get all the knowledge about forex from different sources.

As a trader, I also learned forex at firstr. I learned forex from a demo account of my present broker TP Global FX. It helped me a lot to make my trading career. Now, I can easily make my plan and strategy to make profit rom this market. My broker is very reliable and helpful and a very rich source to learn forex .

that's why traders will really need the ability to manage well, this is needed and needed so that traders can become more leverage in surviving and making maximum profit with Tickmill.