While there are certainly a lot of available trading contests organised by many FX brokers , it seems quite challenging to win one, as an average contest may accumulate a few thousands of participants. If you are a profitable trader, this certainly does not mean you will end up amongst the winners of the tournament. In most of the cases your regular trading strategy will not work during a contest. When someone developers a strategy, his main aim is to achieve some profit. Conversely, when participating in the contest, your main aim should be to gain as much profit as possible and achieve this as quickly as possible.

In other words, even though you can make profit on your trading activities, it is still relatively high to end up in the top of Forex trading contest using your regular trading strategy. This article is made for you to get the best knowledge of winning Forex trading championships. We will list a few of the most comment strategies and also explain the contests where these strategy can be mostly useful. This is certainly one of the most simple trading strategies and it can also be quite useful for many rookie traders.

The main idea of this strategy is that even though you are not experienced at trading, you still can win a contest with quite limited knowledge. So what is that you have to do? Simple — once the contest begins, you have to open a position for the maximum available trading volume. There are two possible scenarios, either you will be stopped out and your participation in the contest will be over or you will double or even triple your account. In fact this is a very easy Forex contest strategy!

How to do it right? First of all, even though you will eventually experience a great market move, you still want to this to happen as quickly as possible. Hence, you should first take a look at the Forex calendar before you open a trade. Check what the most volatile pair for the starting date of the contest. Usually a pair that will experience the largest degree of volatility is the one that has the largest amount of fundamental events attached to it.

Once you have identified a proper pair — open a trade for as large volume as possible in the forecasted direction. Once you have experienced a stopped out, well, unfortunately your participation is over. You will still have some funds left on your trading account, but it makes quite a limited sense to continue participating. You have not ended up in the top, but you only lost a few minutes of your time. You have opened a position and by now you have nearly tripled your account size.

This would certainly land you at some top10 or top20 participants of the contest. However, the tournament goes on and so does the account balance for some of the participants. If you simple restrain from trading, eventually you end up at some top and, of course, these places are not paid.

So what should you do to win the Forex championship now? Exactly the same thing you did before — you look up a volatile pair and you hope that your prediction works out.

The People's Cube - Political Humor & Satire

This sounds like quite a dummy Forex contest strategy and in fact it is. However, it does not mean it is impossible to win a contest using it. An important thing to keep in mind is that you should find a contest that allows operating with as high leverage as possible. Next to this, there should be no restrictions on the maximum trading volume.

In most of the cases you will end up losing a contest, however, you may count that at least once in 20 times you can get lucky and win it. On average, you should make 3 all in trades in a row to end up amongst the winners.

While the previous strategy is certainly suitable for the people that just want to win the contest, it may not be accepted by the traders that actually want to learn during the contest. This is why we are going to show you quite an interesting strategy that is designed for slightly more advanced traders. First of all, you have to understand that every contest will have a great number of the dummy traders that will be going all-in from the very first minute.

This is why the main step is to hold on and actually see how many all-inners participate in the contest together with you. What you are looking afterwards is as frequent trading as possible. This is also known as scalping and it involves opening low-volume positions while expecting some small returns.

Scalping Forex contest is certainly an effective strategy as within a few hours you can make quite a substantial return. However, an important thing to consider here is that your trade size should not be equal to the trade size of regular scalper that operates on a live account. Next to this, your trades should last less than 15 minutes, ideally even less than 5 minutes.

Unlike all-in strategy, we are not looking for the volatile instruments. In fact, it is better to avoid pairs with the high volatility. The main idea of this strategy is to identify minor upward and downward trends and try to gain some pips. This is a superior strategy to an all-in trade, as you could certainly gain more pips than a regular all-iner.

This is true because you can gain from the both directions of the price move, while only an average all-iner profits only from the one side of the move.

Keep in mind that when participating in a certain competition and trying to win it by cheating, you, first of all, treat yourself with disrespect and secondly you treat other contestants the same way. Because when cheating, you are firstly telling yourself that you are unable to win using fair rules and you need some handicap to actually beat the others up. However, we are still going to disclose some cheating practices, mainly for the informational reasons.

When looking at all-in Forex tournament strategy, it is safe to assume that it is like a lottery ticket. It may work or it may not, it is just not in your control. However, the more lottery tickets you have, the higher is the chance of winning. Hence, if you are able to participate not with one account, but with 40, you can then be sure that you can easily win a contest.

Firstly you register 40 accounts. Once then contest begins, you go all-in! Then you eliminate 20 losing accounts, and do the same split with 20 winning accounts.

Hence 20 winning accounts become 10 winning ones, 10 become 5 and so on. Eventually, you will end up having an account that is in the top of the contest ranking table. How to do it safe?

You need to know that not only you should register the accounts via proxy, but you should also connect to the trading server usually via MT4 via a proxy itself.

In other words, a regular browser-based proxy extension may greatly work for the registration of your fake account, but once you are connected to the trading platform — your real IP will be seen.

This is why you should consider using a real Virtual Private Network VPN when cheating this way. In this article we have provided you with 3 main strategies to win a Forex trading contest.

Demo Forex Contests - full comparison of all for

If you are just starting or simply want to win a contest without getting ins and outs of trading — try all-in strategy. There are lots of contests by lots of brokers, so even if you fail to win first 50 contests, you may surely end up winning your 51st one. Should you look for more advanced strategy — go with scalping. And if you are a filthy, unethical cheater — you can, of course, try cheating your way to the top, but this is certainly not what we would recommend you.

In order to start your investment career at Forex you do not need lots of capital. Some of the brokers will allow you to start trading with as low as 5 USD.

This makes makes becoming a trader highly accessible to anyone. Also, Forex trading allows easier start, fast registration and no sky-high fees on transactions. However, as FX is often done on a margin, be aware of the risks involved. Online currency trading can provide great returns, but the risks are not low too. Internet is full of different pages with forex bonuses, broker reviews, cfds, stocks etc. But our webpage is here to provide you with honest and useful content.

This is our main strength. Forex Trading Bonus checks and re-checks conditions of the bonuses and reputation of Forex broker, so you will have the most recent info. Furthermore, we have tutorials that should guide you through the world of Forex Bonuses. FTB - your reliable guide in the jungle of FX Bonuses. Remember, our aim is to supply you with the great content and make sure it is useful for you.

We are only advising you to sign up with licensed and regulated brokers. Trading Forex and CFDs is often refered to as marginal trading. You may loose more than you have deposited. Check Forex Trading Tips to avoid common mistakes. With the amount of unreliable forex brokers, it is now as difficult as never before to find a suitable bonus for a novice trader. This is why many ForexTradingBonus reviews are so much handy nowadays.

At our site you can find not only an explanation of the bonus, but also its fair assessment and a powerful guideline how to obtain it. In addition to this, our team often goes through recent changes in the performance of Forex brokers, so you will have the most recent information about their promotions.

With the help of our webpage you can get a proper bonus no matter how experienced your are. Check our offers for more! Our website cares about your private data. We want you to know exactly how, so be sure to read our Privacy Policy and understand how we treat your data. We will never spam you. Due to high popularity of Forex Trading, the amount of new Forex brokers raised tremendously in the last couple of years. And since they want to get bigger share of the market, the broker have to give something to sustain a constant growth of clients.

So, in most of the cases your will be able to get the best Forex trading bonus from the new coming brokers. Many Forex brokers that have a good reputation do not need to offer you high deposit bonus deals in order to grab your attention.

ForexTradingBonus reviews deals from all brokers and presents you only valuable ones. We are also providing powerful broker reviews.

Forex Trading Bonus is a website which includes reviews of the best Forex bonuses and reviews of existing brokers. This website is a guide for people that want to use Forex Bonus Trading as a tool for success.

Win $3, in the forex trading demo contest – Forex Factor | ForexTime (FXTM)

We highlight that bonus offers are provided by forex brokers and Forex Trading Bonus is not responsible for any inconveniences or changes that were made to the bonuses.

Our mission is to provide our users with honest and valuable reviews of the forex brokers and their bonuses, so you will recognize whom you should trust and who is real scam. Our website strives to bring the most fresh and valuable deals to your attention.

Be aware, that forex trading and trading forex bonus are risky and can cause losses of money that you deposited. Forex trading is not for everyone and it is better to consult with financial specialists before starting to trade.

The decision to trade is fully yours and even though we provide you with trading offers, they should not be taken as a reason for money deposits and beginning of your trading. If you are trading Forex with some of the brokers that do not offer negative balance protection, you can loose more that your deposit is worth and nobody, except you, will be responsible for your loses. Navigation Forex Trading Bonus Best Forex Trading Bonus Reviews. Get Free 30 USD. Best Free Bonus 30USD Plus 30USD from XM.

Best Contests Virtual Reality ForexBall. Risk Warning Trading Forex and CFDs is often refered to as marginal trading. Best Deposit Bonus Plus Bonus XM Bonus. How to Get a Bonus? Privacy Policy Our website cares about your private data. Best Forex Brokers Plus XM. FX Broker vs FX Bonus Due to high popularity of Forex Trading, the amount of new Forex brokers raised tremendously in the last couple of years.