Saturday, September 15, 2012

Best Forex Trading Competitions and Contests for 2012

Forex trading competitions are good ways to learn the market without risking to crash your account. Trading competitions have became very popular over the last few years as the number of forex brokers have litterally skyrocketed and they are doing pretty much everything to find new clients.
Forex trading is seen by many as a fast way to make money but in reality more than 95% of people are on the loosing side, as you guessed it involves substantial risks and newbies should not convince themselves that they can win money from the start, it requires time and practice before being able to understand how the market moves and how to handle technical analysis efficiently.

That's why Forex competitions  are VERY interesting for beginners, Why?
-No risk of capital loss (No risk of loosing Real money)
-Learning experience, the competitions reproduces live forex trading environment
-Real Bonuses, and for some competitions, the money prizes are really decent!
-Participate to as many competitions as you can
-Try out new technical analysis indicators.

List of 5 Forex Competitions for 2012: ( I would like to precise that I am not an affiliates of the following competitions and I do not benefit in any case from it)
1) Alpari "Jackpot" Competition:
Date: Every 3 months
Time: For 11 weeks
Prizes: $31,220 prize-pool for the first 25.
Rules: You will start with $100,000 of virtual money

2) Deltastock Forex Masters Contest:
Date: Every month
Time: 1 month
Prizes: 1st  500 EUR
            2nd 300 EUR
            3rd -200 EUR
            4th to 10th 100 EUR

3) FX Market Masters from ForexCup:
Date: Every month
Time: 1 montn
Prize: 1st  $1020 + bonus
           2nd  $270 + bonus
           3rd   $150 + bonus
           4th    $60 + bonus

4) InstaForex Lucky Trader Contest:
Date: Every 2 weeks
Time: 2 weeks
Prizes:  1 place - 1000 USD
             2 place - 750 USD
             3 place - 500 USD
             4 place - 250 USD
             5 place - 200 USD
             6 place - 150 USD
             7 place - 100 USD
             8 place - 50 USD

5) InstaForex Great Race Contest:
Date: Every month
Time: 1 month
Prizes: 1 prize - 3000 USD
            2 prize - 2000 USD
            3 prize - 1000 USD
            4 prize - 750 USD
            5 prize - 500 USD
            6 prize - 250 USD
            7 - 11 prize - 100 USD + Number of bonus points.

Feel Free to comment it and add the forex competitions you are participating. -->


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