Forex competition is a Forex contest or Forex tournament that based on the financial markets.
Traders compete each other on their trading skills, based on the market quotes. The traders who gross the most Credit wins the competition. Prizes are distributed based on the number of entrants.
People across the world can play and trade against each other. Success is based on their trading proficiency.
The winners are the best traders with the best performance. The winning based on the player’s trading skills.
Forex competition offers people the excitement and enjoyment of trading with a large potential profit and little risk.
Buy-in to a tournament is $100,
1000 traders participate, so the prize pool is $100,000.
There are ten Traders in a room trading on a demo platform using real market quotes. When the allotted time is up, the best trader (with the best performance) advances to the next round. The pool is awarded to the top traders.
There are several tournaments depending on the markets and formats (Forex, Commodities, Index, Stock) and a variation in time allocated to the different categories of traders (Scalpers, Day Traders and Swingers).
The Forex contest involving a relatively large number of competitors traders, all participating in financial trading.
In Forex tournaments, the trading game continues until the end of the time (Duration of the game), games duration are from 15 minutes to three months, for every kind of Traders- Scalpers, Day-Traders and Swingers
In Forex tournament with rounds, every round the best traders (one or more) advance to the next round.
Every trader who lose is credit in the game is eliminated
After the time is ending the best trader with the high credits gets 1st place, the second credit value gets 2nd place etc.
Some Forex competitions involving multiple matches, each involving a subset of the competitors, with the overall tournament winner determined based on the combined results of these individual matches. Such tournaments allow large numbers to compete against each other in spite of the restriction on numbers in a single match.
A Forex match tournament may involve multiple Forex games between the competitors.