Forex trading contest

Land-FX launches a trading competition with virtual money – the participants required to registered a PAMM trading account.

New forex bonuses

Forex Demo Contests, forex trading contest.

There is a new contest each week […] take part in the forex contest and get real money prizes and bonuses for live trading. Join forexcup trading contest by FXOPEN and find the […]

Forex demo contests

Mostly forex demo contest is popular among newbie forex trader. It does not require any deposit or invest into account in order to join the forex demo competition. Demo contest is held among demo accounts where all contestant gets the same facilities like initial balance, margin level, margin requirement, leverage etc. At the end of the fore demo contest account with the highest balance declared as the winner. Cash or tradable money or gifts are distributed as the prize. Find the list of all available forex demo contests 2021

Forex demo contest 2021

Demo competition brings the opportunity for all forex traders to trade without any cash deposit. Generally, it is required to register an account for the contest where trading takes place with the virtual money. All participant has the same trading opportunity and environments such as equal balance, leverage, and terms. Contest duration varies as there are different lengths of competition comes from different forex broker. For example – there are weekly, monthly, daily, hourly and even random time frame of the contest out there.

Forex demo competition

Joining a trial or demo contest provide the opportunity to gain reward and at the same time it is a great way to test the trading skill and trading technique. In this process, a trader can build his trading confident throughout the process.

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Forex demo contests 2021

FXTM is offering a new demo contest (titans) to all of its clients. The competition will be held in 4 rounds throughout the year with a pool prize of $80000 ($20000 each). Among the skilled traders, 5 competitors with the highest profit percentage will receive the prizes in descending order. The clients are required to register for myfxtm before or during the contest, agree to the terms and conditions of the contest, open a demo trading account and start trading to achieve one of the top positions. The contestants can only use cfds in forex and metals, and standard account MT4 (USD) for this contest. In the final calculation, only the positions whose duration is more than 5 minutes will be included. Every contender can participate only once.

The profits are calculated according to the following formula: [net profits Г· 100000] x 100 = XX.XX%.

The winners among those with similar percentage points will be determined based on the lowest drawdown. The traders compete against one another in a virtual market with a $100000 initial deposit, so no risk is involved. The winners are to open a live trading account, provide the necessary documents to receive the cash prizes, fully withdrawable.

Hotforex broker hosts a monthly demo contest called вђњvirtual to realвђќ for all its verified clients. The prize pool for the competition is $3500 which will be shared among the 3 top traders who acquire the highest gain. Each client can participate only once and will have access to 1:200 leverage and $10000 virtual money. The awarded prizes can only be used for trading purposes and cannot be withdrawn; however, any profit you make is yours to withdraw after meeting the required conditions (trade 10 standard lots in no less than 50 round turn). The prizes will be transferred to the tradersвђ™ live accounts.

The winners will be determined based on the following formula:
gain = [(ending balance - beginning balance) / beginning balance] x 100.

Liteforex is hosting a monthly demo contest named вђњbest of the bestвђќ with a total prize fund of $10000. All the traders can compete for a whole month among whom 5 of the most profitable traders with the lowest risk factor and the best management plan will be awarded in descending order. The contenders can use all the available trading tools including the currency pairs. The traders are required to provide valid info (email, nickname, etc.) for full registration as requested and use one single account for this contest (MT4 demo ECN), otherwise, their eligibility will be nullified.

The demo ECN accounts come with a $5000 initial deposit, leverage up to 1:400, and a max 25% drawdown on the account balance. Bear in mind that the occurrence of stop-out, opening opposite trades in large sizes, lack of trading activity for 10 days or other mentioned activities will disqualify the contender. Before the end of the competition, all the open positions must be sorted out. Moreover, 3 days after the contest, the winners will be announced, and the prizes will be transferred to their real trading account. In the event of similar winners, the prize will go to the trader with the lowest drawdown during the period. The awarded prizes along with the percentage of investorsвђ™ profits are fully withdrawable.

�� forex demo contests 2021

why demo contests?
Because it's a risk-free opportunity to test your skills and your trading system while trying to win real money! Don't think it's a place for beginners: when forex brokers offer attractive prizes, there will be many skilled traders competing for the main trophy!

Sort by ↷

demo contests	prize	valid till
27forex \| mobius trader 7 demo trader contest	$2000	dec/31/2021
accentforex \| "master scalper" demo contest	$1000	jan/10/2021
alpari \| virtual reality contest	$500	dec/31/2021
AMEGA FX \| AMEGA invest demo contest	$3000	dec/31/2021
dukascopy bank SA \| strategy contest DEMO	$5000	dec/31/2021
FBS \| FBS league	$450	dec/31/2021
forex euroclub \| weekly demo competition (in russian)	$45	dec/31/2021
fxopen (forexcup) \| demo contests	$600	dec/31/2021
grand capital \| "drag trade" hourly demo contest	$200	dec/31/2021
grand capital \| "futures trade" weekly demo contest	$1000	dec/31/2021
grand capital \| "rally trade" daily demo contest	$500	dec/31/2021
hotforex \| "virtual to real" demo contest	$2000	dec/31/2021
IAFT \| traders demo contest	$20	dec/31/2021
instaforex \| "FX-1 rally" demo contest	$500	dec/31/2021
instaforex \| "instaforexsniper" demo contest	$500	dec/31/2021
instaforex \| "one million option" demo contest	$500	dec/31/2021
instaforex \| lucky trader demo contest	$1000	dec/31/2021
instaforex \| real scalping demo contest	$2000	dec/31/2021
LAND-FX \| demo competition-FX	$3000	dec/31/2021
liteforex \| "best of the best" demo contest	$4000	dec/31/2021
LMFX \| "learn & earn" demo contest	$1000	dec/31/2021
masterecnfx \| demo trading competition	$1200	dec/31/2021
MFM securities \| gungho demo contest V1	$600	jan/29/2021
moneymaker \| demo contest sponsored by instaforex	$250	dec/31/2021
NPBFX \| contest on demo accounts	$1000	dec/31/2021
octafx \| champion MT4 demo contest	$500	dec/31/2021
octafx \| ctrader weekly demo contest	$150	dec/31/2021
roboforex \| "demo forex" contest	$700	dec/31/2021
roboforex \| "kingsize MT5" demo contest	$100	dec/31/2021
roboforex \| "trade day" demo contest	$350	dec/31/2021
roboforex \| "week with cfds" demo contest	$150	dec/31/2021
superforex \| "gold rush" demo contest	$100	dec/31/2021
superforex \| bitcoin mania	$100	dec/31/2021
uniforex \| trading competition	$1000	dec/31/2021
weltrade \| weekly demo series contest	$1500	mar/21/2021
westernfx \| demo trading contest	$3000	dec/31/2021
WOHLSTAND FX \| demo contest	$1000	dec/31/2021
world forex \| "cash wars" demo contest	$1400	dec/31/2021

Latest promotions:

Extra promotions:

Trader

PLEASE PUBLISHED WEEKLY DEMO CONTEST AS LIKE WEL TRADE AND LAND FX .

Trader

Конкурс moneymaker и instaforex 23 этап (18.01.2021-29.01.2021)
1 место – 250$;
2 место – 150$;
3 место – 100$;
4 место – 50$;
5 место – 50$;
http://www.Moneymaker.Team/index.Php?Threads/konkurs-moneymaker-i-instaforex-23-ehtap-18-01-2021-29-01-2021.18327/
регистрация доступна в течении всего времени конкурса.

Trader

MFM securities - demo contest V1

18th - 29th january 2021 ;
https://www.Mfmsecurities.Com/gungho-demo-contest-v1

Trader

Accentforex - "master scalper" demo contest

Available till : jan 10,2021

Trader

I want new weekly demo contest

Trader

Please request all broker published new and new demo contest

Trader

Simplefx - trading idea contest

Post your trading ideas on simplefx and share it on social media ;
win $100 ;
https://blog.Simplefx.Com/2020/12/11/youre-doing-it-anyway-show-us-your-trading-ideas-and-win-100

Trader

Конкурс moneymaker и instaforex 22 этап (04.01.2021-15.01.2021)
1 место – 250$;
2 место – 150$;
3 место – 100$;
4 место – 50$;
5 место – 50$;
http://www.Moneymaker.Team/index.Php?Threads/konkurs-moneymaker-i-instaforex-22-ehtap-04-01-2021-15-01-2021.18255/
регистрация доступна в течении всего времени конкурса.

Trader

Please published new years demo contest request all broker

Trader

Octafx - win $1K instagram new year contest

End – december 24, 2020 ;
make a video on the following theme of ‘octafx, I need your $1,000 to boost my goal’ ;
https://www.Instagram.Com/p/ci48fmecfsr/

Trader

PLEASE COME NEW WEEKLY DEMO CONTEST REQUEST ALL BROKER PUBLISHED NEW WEEKLY DEMO CONTEST FOR CLIENT

Trader

MFM securities - kamikaze demo contest V7

18th - 31st december 2020 ;
https://www.Mfmsecurities.Com/contest

Trader

Конкурс moneymaker и instaforex 21 этап (21.12.2020-31.12.2020)
1 место – 250$;
2 место – 150$;
3 место – 100$;
4 место – 50$;
5 место – 50$;
http://www.Moneymaker.Team/index.Php?Threads/konkurs-moneymaker-i-instaforex-21-ehtap-21-12-2020-31-12-2020.18211/
регистрация доступна в течении всего времени конкурса.

Arcond

ACM brokers | demo contest : " not found "

Atirox | chasing mavericks demo contest : " this site can’t be reached "

Hotforex | "virtual to real" demo contest : no " promotions "

Uniforex | trading competition : " page is under construction . " https://www.Uniforex.Az/en/musabiqeler/winners

Westernfx | demo trading contest : " westernfx DEMO trading contest will be announced soon! "

Forex demo contest: BEST OF THE BEST

BEST OF THE BEST forex demo contest

Trade profitably on a contest forex account by use of currency pairs and any other available trading tools at liteforex. Trade actively and show the best profitability result among all forex demo contest participants.

Five participants whose trading will be the most profitable and risk factor - the least, with money management observed, will be announced as winners of the forex demo contest.

Current contest | 0:00, 1 january 2021

Terms and conditions

1. Registration, participation terms, contest period of the forex demo contest

1.1 the «BEST OF THE BEST» forex demo contest takes place every month, from the first of each month at 00:00:01 till the last of the month at 23:59:59, according to the server time GMT +2 (as indicated on the trading platform).

1.2 all participants commit themselves to provide true information when registering for the contest.

1.3 the clients from the USA, japan, israel, and EU countries may not participate in this demo contest.

1.4 when registering for the contest, a participant accepts all limitations and rules related to the contest. In the event of non-compliance with the contest rules, the organizer, acting through the liteforex company, may disqualify a participant in the course of the contest.

1.5 in case either attempts of entering the forex demo contest from several trading accounts/profiles or the fact of using anonymizers are found out, a participant will be disqualified.

1.6 in order to participate in the «BEST OF THE BEST» forex demo contest, a client needs to fully verify his/her personal profile and register for the contest on this page.

1.7 when registering on the site, a participant needs to fill in the fields of the registration form above and specify his/her email (login from the client profile) and a nickname to be displayed in the ranking of the demo contest «BEST OF THE BEST».

1.8 any liteforex’s profile holder may participate in the «BEST OF THE BEST» forex demo contest once a month. One individual may register for each current contest only once.

1.9 after the registration form is filled in, a contest demo-account with a unique login number and password will be opened for a participant. These details will be sent to the email-address indicated when registering for the contest.

1.10 the registration for a new contest stage is open as soon as the previous contest stage starts.

2. Terms of trading of the forex demo contest

2.1 type of account: DEMO ECN.

2.2 initial balance: 5000 (the same for all participants).

2.4 risk stop out: the maximum drawdown acceptable in a contest account equals 25% of a current balance. As soon as floating loss exceeds this value, risk stop out will occur and all open positions will be closed. A participant who has allowed risk stop out to happen in his/her account will be disqualified.

2.5 trading tools: any tool provided by liteforex

2.6 A participant may use trading experts and trading strategies without any restrictions provided that the terms of liteforex’s effective liteforex’s "client agreement" are respected.

2.7 all transactions must be closed before the contest finishes. Should there be any open transactions at the moment when the context finishes, they will be automatically closed at a current market price. The presence of open transactions at the moment when the contest ends does not entail disqualification.

2.8 other terms of trading on contest demo accounts correspond to the terms of trading on live ECN trading accounts in accordance with liteforex’s "client agreement".

2.9 liteforex reserves the right to refuse registration or/and disqualify a participant without providing a reason thereof. The reasons for disqualification can be the following

- violation or non-observance of the "client agreement";

- registration of several contest accounts by the same physical person or the presence of several client profiles belonging to the same physical person;

- opening of opposite trades of big volume at almost the same time and using the same pairs;

- use of quotes flow failures to make guaranteed profits;

- presence of contest transactions, including lock trades, whose duration is less than 2 minutes;

- ascertainment or suspicion that a participant has committed any kind of fraudulent action for being listed among the winners.

2.10 the participants that have not shown any trading activity for 10 days in a row during the contest period are excluded automatically.

3. Winners determination and prizes getting

3.1 the first 5 participants with the best profitability/risk ratio by the end of the contest will be considered as winners of the liteforex «BEST OF THE BEST» demo-contest. The final results will be formed within 3 working days after the end of the contest, as soon as they are checked by the security and risk-management departments.

3.1.1 the participants whose risk factor has exceeded 5 during the contest period shall be excluded from the contest, and their contest accounts shall no longer be displayed in the ranking.

3.2 only those participants who have been actively trading during the contest period and have increased their initial deposits without breaking the contest rules can be regarded as winners.

3.3 the participants who have gained prize-winning places from the first to the fifth according to the paragraph 3.1 receive money on their liteforex live ECN trading account; depending on the place, sums vary as follows:

Rank	prize sum, $
1	$4000
2	$2500
3	$1500
4	$1000
5	$1000

3.4 in case two contest participants have the same balance value following the results of the demo contest BEST OF THE BEST, the liteforex company, as the contest organizer, shall decide between them, giving preference to the participant with the least maximum drawdown shown over the contest period.

3.5 the winners on the TOP 5 final list shall:

- make sure that their client profiles are fully confirmed according to liteforex’s requirements;

- open an ECN trading account in the social trading system;

- send an email from the address specified when registering for the contest to contest-demo@liteforex.Com, indicating: the contest name - «BEST OF THE BEST» (demo); contest demo account number and trader’s password; trader’s ECN account number; email address specified when registering a profile.

3.6. The winner shall be aware that prize payment requests are accepted only within the first 2 weeks following the end of the contest the account has been participating in.

3.7 liteforex reserves the right to request any additional information regarding the participant’s identity when crediting a prize.

3.8 A participant awarded a prize may not demand that the prize amount be credited to third parties’ accounts.

3.9 prize funds are credited to a client’s real account, opened right after participation in the contest, within three working days after the request has been sent. (p. 3.5)

3.10 prize funds are credited to the credit column, belong to the company and are provided to a winner as an initial investment for participating in the social trading service as a trader. Profits made by a winner in his/her trading account by use of prize funds may be withdrawn without any restrictions. Also, percentages of his/her investors’ profits made from social trading may be withdrawn at any moment and without any restrictions too.

3.11 as organizer of the contest, liteforex has the right to refuse a prize without giving explanations if there is a suspicion of rules violation or if a winner has refused to verify his/her profile and provide additional information regarding his identity as per p. 3.7.

3.12 under the program for protection of investors’ interests, the company reserves the right to hide a winner’s real ECN account from the monitoring of the social trading platform and deduct prize funds if the winner’s trading by use of prize funds becomes high-risk. If a drawdown has exceeded 25% of a current value «balance+credit» when trading by use of prize credit funds, they will be withdrawn by the contest organizer.

3.13 trading by use of prize funds on his/her trader’s account on the social trading platform, a winner undertakes to follow a low-risk trading strategy and not to exceed a risk level of 5.

3.14 as organizer of the contest, liteforex has the right to amend the contest terms at any time without special notification.

3.15 liteforex reserves the right to use the information related to the winning accounts for advertising purposes and publish it in any sources of information. The winners are invited to participate in liteforex’s advertising and marketing actions such as interviews, photo- and video-reports, and press releases concerning the contest. At the same time liteforex commits itself not to divulge the winner’s private information (including name and surname) without the winner’s consent. Should a winner refuse to participate in these actions, liteforex reserves the right to disqualify the winner and award the prize to the participant occupying the next place in the final ranking.

Parameters of accounts taking part in BEST OF THE BEST contest

Profitability

Profitability is computed using the following formula:

P = (equity - balance_start) / balance_start * 100 (%), where:

Equity – current account’s equity;

Balance_start – initial account’s balance ($5000).

Maximal deposit utilization rate

Maximal deposit utilization rate is a maximal value of an account’s deposit utilization rate during the contest.

Deposit utilization rate is a percentage of an account’s equity used as a margin for opened orders.

It’s calculated using the formula :

Margin / equity * 100(%), where:

Margin – a deposit amount required to open a position;

Equity – a current account’s equity.

Maximal relative drawdown

Maximal relative drawdown shows a percentage of losses in an account.

It’s calculated using the formula :

Max ((maximalpeak - nextminimalpeak) / (maximalpeak + 100) * 100) (%), where:

Max — the highest relative drawdown value;

Maximalpeak — the upper extremum value corresponding to max in the profitability chart;

Nextminimalpeak — the lower extremum value following maximalpeak in the profitability chart.

Example of relative drawdown calculation for the chart above:

Let’s estimate the extremums of the profitability chart ("H" for the highest and “L" for the lowest)

Relative drawdown values are calculated as follows:

Percentdrawdown1 = (H1 - L1) / (H1 + 100) * 100 = (80 - 50) / (80 + 100) х 100 = 16,67%

Percentdrawdown2 = (H2 - L2) / (H2 + 100) * 100 = (90 - 35) / (90 + 100) х 100 = 28,95%

Percentdrawdown3 = (H3 - L3) / (H3 + 100) * 100 = (135 - 40) / (135 + 100) х 100 = 40,43%

Percentdrawdown4 = (H4 - L4) / (H4 + 100) * 100 = (195 - 65) / (195 + 100) х 100 = 44,07%

Leverage

Leverage is a ratio between the deposit and borrowed funds. Credit leverage 1:400 means that you need to have in your trading account an amount which is 400 times less than the one required to open an order.

Risk ratio depends on the trading history and is calculated automatically based on the following parameters (weight factor is indicated for each parameter):

1. Maximal relative drawdown (weight factor 0,5)

2. Maximal deposit utilization rate (weight factor 0,3)

3. Leverage (weight factor 0,1)

4. Account lifespan (weight factor 0,1)

Each of the parameters above has its own scale from 1 to 10 points and its own weight in the final risk estimation. The total risk ratio is measured in values rounded to the nearest whole number.

Thus, the total risk ratio is determined by summing up points for each parameter multiplied by its own weight factor.

Risk = points of maximal relative drawdown * 0,5 + points of maximal deposit utilization rate * 0,3 + points of leverage * 0,1 + points of account lifespan * 0,1

1. Maximal relative drawdown (weight factor 0,5)

Maximal relative drawdown (%)	points
50,00 +	10
40,00 - 49,99	9
35,00 - 39,99	8
30,00 - 34,99	7
25,00 - 29,99	6
20,00 - 24,99	5
15,00 - 19,99	4
10,00 - 14,99	3
5,00 - 9,99	2
0 - 4,99	1

2. Maximal deposit utilization rate (weight factor 0,3)

Maximal deposit utilization rate (%)	points
50,00 +	10
40,00 - 49,99	9
35,00 - 39,99	8
30,00 - 34,99	7
25,00 - 29,99	6
20,00 - 24,99	5
15,00 - 19,99	4
10,00 - 14,99	3
5,00 - 9,99	2
0 - 4,99	1

3. Leverage (weight factor 0,1)

Leverage	points
400 +	10
300 - 399	9
200 - 299	8
150 - 199	7
100 - 149	6
75 - 99	5
50 - 74	4
25 - 49	3
10 - 24	2
1 - 9	1

4. Account lifespan (weight factor 0,1)

Preset value is 10 points.

Let’s say an account had the following parameters and points (without considering weight factors):

Maximal relative drawdown: 22,5% = 5 points;

Maximal deposit utilization rate: 11,32% = 3 points;

Leverage: 1:400 = 10 points;

Account lifespan = 10 points;

So, the risk ratio with weight factors considered shall be calculated as follows:

Risk = 5 * 0,5 + 3 * 0,3 + 10 * 0,1 + 10 * 0,1 = 5,4 ≈ 5

Results

The contest was held from 2020.12.01 00:00 till 2020.12.31 23:59

How to hack and win a forex trading contest

Last updated: october 13, 2020

The first time I took part in a forex trading contest, I blew up in 2 days.

In the following year, I came in 9 th out of 2000 participants.

Now you’re probably wondering:

Well, I’ve got a few “tricks” up my sleeve that I’ll share with you later.

Know that these “tricks” you’re about to learn can be used for good or evil.

So, promise me you won’t abuse them and use it for the wrong reasons, all right?

If I have your word, then let’s begin…

What is a forex trading contest?

A forex trading contest is a competition between traders to see who can achieve the highest return over a period of time.

Some forex trading contest involves trading real money whereas some uses paper money.

Now, before you get excited about winning the next forex trading contest, you realize that…

Why winning a forex trading contest doesn’t mean you’re a consistently profitable trader

A forex trading contest is like a simulation. There is no pressure as you’re not trading with real money (even if you are, the amount is usually minimal).

In other words, a forex trading contest is like driving daytona in an arcade whereas the real world of trading is like racing in an F1.

Winning a forex trading contest requires different strategies and techniques…

…some even involves breaking the cardinal rules of trading.

But before I get to the strategies on how to win a forex trading contest, you must first know…

Who’s the biggest winner of a forex trading contest?

The answer might surprise you…

…it’s actually the broker.

By organizing a forex trading contest, the participants spread the word among each other (like friends, colleagues, and etc.) which increase the sign-ups for the registration.

After the competition, there’s a good percentage of the new signups will open a live account with the broker (since they have built trust and familiarity).

And this increases their clientele which would otherwise cost thousands of dollars if they advertised themselves.

This strategy is so profitable that brokers can offer cash prizes to the top winners and still come out ahead.

Don’t get me wrong. This isn’t anything illegal but I just want you to know who is the biggest winner in a forex trading contest.

Now that you’ve learned the truth, let’s learn how you can be a winner too.

Why you should “go big or go home” in a forex trading contest

You should risk 1% on each trade.

You should risk a fraction of your trading capital.

Those are good rules to follow if you’re trading a live account. But if you’re applying those rules to a forex trading contest…

Because the goal of a trading contest is to generate the highest return within a fixed period of time, and not to see who has the greatest return relative to risk.

This means you will put on large position size… risking anywhere from 5 – 50 % of your account on each trade. It’s the only way to get triple-digit return by the end of the trading contest.

Now let’s break the second cardinal rule of professional trading…

Why you need a high win rate in a forex trading contest

By having a wide stop loss and small target profit. This will give you a high win rate and quickly rank you to the top of the competition.

You’re probably wondering:

“but won’t my losses wipe out most of my profits?”

Losses will eventually come and wipe out your small gains.

So, what you’re doing is betting on the fact your losses will come after the trading contest has ended.

Now depending on the duration of the trading contest, the shorter it is… the greater the odds of you pulling this through.

And you can bask in the glory of a top trader with no one knowing the tail end risk that’s lurking in your trading results.

I’ll teach you a trick to overtake your competition and they won’t know what hit them in the face.

How to use this “one trick” to dominate your competition and leave them in the dust

Even if you apply the techniques I’ve shared with you earlier… it doesn’t mean you’ll rank at the top of the table.

But no worries, I’ve got a solution to it.

The 1 st placing has a gain of 150%.

The 2 nd placing has a gain of 140%.

The 3 rd placing has a gain of 130%

The 4 th placing has a gain of 120%

You’re in 5th place with a gain of 100%, and the competition ends in a day.

Well, my suggestion is to go all in.

This means risking your entire trading account on a single trade.

Now before you think I’m crazy, let me explain…

There’s a 50% chance of winning and a 50% chance of losing everything.

The cash prize for anything after the 3 rd place is usually crap and people only remember who comes in the first place.

Do you know who is the second person to land on the moon? You get my point.

From a risk to reward standpoint, it makes sense to go all in with a 50% chance of claiming a better prize and being recognized as a top trader.

And this is why if you’re playing “catch up” and the competition is ending soon, it makes sense to go all in.

How to generate 1139% in a forex trading contest — guaranteed

A financial guru sends out a newsletter to 10,000 people. Half of the newsletter says stock A will go up, and the other half says stock A will go down.

If stock A goes up… it means 5000 people have gotten a correct stock pick.

Next, he sends out another newsletter to 5000 people. Half of the newsletter says stock B will go up, and the other half says stock B will go down.

If stock B goes up… it means 2500 people have gotten a correct stock pick two times in a row.

Again, he sends out another newsletter to 2500 people. Half of the newsletter says stock C will go up, and the other half says stock C will go down.

If stock C goes up… it means 1250 people have gotten a correct stock pick three times in a row.

Now repeat this process for 10 times…

…and you get 9 people receiving a correct stock pick 10 times in a row.

You’re probably wondering:

“how does this generate 1139% in a trading contest?”

Enter a trading contest 100 times using different identity. The more entries you can get, the better your returns.

Risk 50% of your account on each trade. You can risk more if you wish to and the technique will still work.

Out of 100 of those accounts, 50 will go long on EUR/USD and the remaining go short on EUR/USD.

Out of the 50 positive accounts, 25 will go long on EUR/USD and the remaining go short on EUR/USD.

Out of the 12 positive accounts, 6 will go long on EUR/USD and the remaining go short on EUR/USD.

Repeat these processes till you’re left with one account.

If all goes well, that account should be up 1139% — which should put you in a sweet spot.

And lastly:

Don’t apply these strategies and techniques in a live account because it’s a matter of time before you LOSE everything.

If you want to learn proper trading strategies and techniques, go read these posts below…

Frequently asked questions

#1: how does having a wide stop loss mean that the strategy will have a high win rate?

To be specific, if you have a large stop loss relative to your target profit, you will have a higher win-rate. But it doesn’t mean that you have an edge in the market.

For example, if you have 20 pips stop loss but a 2 pips target profit, then you’re often likely to hit your target profit. But when the losses come, they will be larger than your winners.

#2: did you create multiple trading accounts for the competition through changing your IP address?

No, I just got lucky with this trading competition as I risked more than usual. I risked about 10% of my account on each trade and got lucky. That was how it worked for me.

Summary

Here’s what you’ve learned in today’s post:

Winning a forex trading contest and being a consistently profitable trader is two different things altogether — and it requires a different skillset

The biggest winner of a forex trading contest is usually the broker or organizer

Risk a large % of your account on each trade

Get a high win rate by having a wide stop loss or no stop loss at all

Go all in at the late stage of a trading contest

What are some “tricks” you can use to win a forex trading contest?

Leave a comment below and let me know your thoughts.

Do you want to learn a new trading strategy that allows you to profit in bull and bear markets?

In my FREE trading course (valued at $48), I will teach you this powerful trading strategy step by step, along with charts and examples.

Flexible forex demo contests for newbie traders in 2021

What is forex demo contest?

We know that the forex contest is a challenge like a tournament. But there are two types of contests available in the forex. These are 1.Forex live contest and 2. Forex demo contest. In a live forex contest clients has to invest real money. But in a demo contest, traders don’t need to invest from their own pockets. Brokers will provide a fixed amount of money to every participant for participating in the contest.

The forex demo contest is a great opportunity for a newbie trader to test his/her trading capability. This type of contest is the opposite type of live forex contest. And also there is a very good chance to win a real trading prize money or cash. The most important thing is, you can win a prize without having risk. Sometimes pro traders also taking apart into these contests while there will be big prize money. Some of the experienced traders are telling that, if a newbie trader can win a demo contest than, he/she can be a good forex trader in real trading.

Some basic rules of forex demo contest: each demo contest has different rules, but few rules are common in each contest. There are some basic rules for the forex demo contest. You may check here below.

The broker will specify the competition rules.

Participants start the competition with the same balance.

Most of the broker doesn’t allow multiple accounts from a single IP.

Multiple accounts are not allowed by the brokers in demo competitions.

Most of the broker make rules that, after joining the contest clients can’t withdraw themselves from the competition.

Most of the brokers are providing winning prize money as real trading money. Which is able to trade in real forex trading. But some brokers are providing prize money for withdrawing.

Forex contests

It's time to demonstrate your trading skills in the most exciting forex contests the industry has ever seen! Enter one of our trading contests and compete with traders from around the world for amazing prizes, prestigious titles and the opportunity to improve your skills.

Increasingly popular by demand, forex competitions have entered the trading scene in what has become the most exciting way to learn the markets, sharpen your skills and prove your talent in return for amazing prizes. Experience the rush of forex trading by participating in one of the forextime (FXTM) trading competitions and potentially unlocking a gate of profits and rewards!

What is a forex contest?

Taking part in a forex competition is one of the many ways a trader can test their strategies, polish their skills and grow their confidence. Demo forex contests tick all the boxes most traders are searching for and are ideal for both experienced and inexperienced traders, whilst live forex contests are perfect for experienced traders who can bring their confidence and skill to the table in what becomes a truly heated challenge!

The benefits of a demo contest

Beginners will be encouraged to examine the forex market and will inevitably gain substantial forex knowledge which will equip them with the right tools they'll need as serious future traders.

Beginners will break into the psychology of forex trading as it can't be experienced on a demo account, because whilst there is still no risk of loss in a demo competition, profits are at stake and you're competing towards something real.

All traders can test their strategies before showcasing them in the real forex market.

There's nothing better than being rewarded for your skills, especially when you've risked nothing yourself!

The benefits of a live contest

Trading takes place under real market conditions and alongside other professional traders, making the competition a true test of skill when it comes to the real thing.

The thrill of a live forex contest and the competitive spirit it enfolds spur on greater efforts and encourage traders to push themselves to their utmost abilities.

Competing with other traders is very different to trading alone – it's a reflection of your skills on the real market and an experience worth living.

You can prove your trading superiority amongst a throng of other professional traders and receive rewards worthy of your talent. Top performers will receive impressive cash prizes.

More about FXTM

Myfxtm - client dashboard

Fxtmpartners affiliate & IB program

Fxtmpartners

Partnership widgets

Careers

Global networks – nigeria

Events

Client services

Excellent trading terms

FXTM promotions & contest

Media corner

Policies & regulation

FXTM sponsorships

FXTM brand is authorized and regulated in various jurisdictions.

Forextime limited (www.Forextime.Com/eu) is regulated by the cyprus securities and exchange commission with CIF license number 185/12, licensed by the financial sector conduct authority (FSCA) of south africa, with FSP no. 46614. The company is also registered with the financial conduct authority of the UK with number 600475.

Forextime (www.Forextime.Com/uk) is authorised and regulated by the financial conduct authority with license number 777911.

Exinity limited (www.Forextime.Com) is regulated by the financial services commission of the republic of mauritius with an investment dealer license bearing license number C113012295.

Card transactions are processed via FT global services ltd, reg no. HE 335426 and registered address at ioannis stylianou, 6, floor 2, flat 202 2003, nicosia, cyprus. Address for cardholder correspondence: backoffice@fxtm.Com. Business location address: FXTM tower, 35 lamprou konstantara, kato polemidia, 4156, limassol, cyprus.

Exinity limited is a member of financial commission, an international organization engaged in a resolution of disputes within the financial services industry in the forex market.

Risk warning: trading forex and leveraged financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Please read FXTM’s full risk disclosure.

Regional restrictions: FXTM brand does not provide services to residents of the USA, mauritius, japan, canada, haiti, suriname, the democratic republic of korea, puerto rico, brazil, the occupied area of cyprus and hong kong. Find out more in the regulations section of our faqs.

Forex contests for traders

Trader contests

Liteforex dream draw

Iphone 12 pro max 512 GB

Ipad pro 12.9-inch 512 GB

Macbook pro 16-inch 2.3ghz 8-core 1TB

50 prizes of $50 each

50 prizes of $10 each

"show your worth" contest

Forex trading contests on demo accounts

BEST OF THE BEST forex demo contest

Affiliate contests

Liteforex's successful partner

Liteforex is proud to introduce you to a wide range of versatile and captivating forex contests. To take part in them, one doesn't need to be a trading pro, as we have developed interesting contests with real money prizes for both professional and beginner clients. Both contest demo accounts and real live accounts can compete for the prizes. Taking one of the prize places in a contest for forex traders, you can be certain to win a money prize that can be used in further trades or withdrawn from the account in any way you like. The liteforex company offers the clients a variety of convenient withdrawal systems along with numerous opportunities to earn from the forex market.

You can choose from 3 categories of contests tailored to different groups of traders.

Weekly forex contests are meant not only for the professionals of currency trading, but also for beginner traders. You only need to register on the dedicated page of our site, open a trading account with the company and join in the competition you like the best. Register your live account and compete for leadership with numerous worldwide contestants.

Contests for partners. If you are a partner of the liteforex company, you can successfully apply your customer acquisition and management techniques and, at the same time, you become eligible for a fabulous prize, which you can win without having to lose a second of your time.

Demo forex contests. Even if you are a novice or nor confident enough when trading at forex, we have something to offer. You can join the fight for real money prizes without even opening a trading account! Trade on training forex accounts, perfect your trading skills, and win liteforex's demo contests.

Prove that you deserve to rank among the best traders of our company! What's more, we will be proud to put your winner's interview onto our site.

Besides regular contests, the liteforex company organizes regional contests for specific countries, offering attractive prizes at a dinner ceremony, attended by the best traders of the region. Over the history of the company, we have handed over 10 brand-new cars, a huge number of motorbikes and expensive laptops, etc. Follow the news, participate in the contests, trade, earn and win together with liteforex!

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Risk warning: trading on financial markets carries risks. Contracts for difference (‘cfds’) are complex financial products that are traded on margin. Trading cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Click here for our full risk disclosure.

The website is owned by liteforex group of companies.

Liteforex investments limited registered in the marshall islands (registration number 63888) and regulated in accordance with marshall islands business corporation act. The company’s address: ajeltake road, ajeltake island, majuro, marshall islands MH96960. Email:

Liteforex investments limited does not provide service to residents of the EEA countries, USA, israel, and japan.

�� forex demo contests 2021

Sort by ↷

demo contests	prize	valid till
27forex \| mobius trader 7 demo trader contest	$2000	dec/31/2021
accentforex \| "master scalper" demo contest	$1000	jan/10/2021
alpari \| virtual reality contest	$500	dec/31/2021
AMEGA FX \| AMEGA invest demo contest	$3000	dec/31/2021
dukascopy bank SA \| strategy contest DEMO	$5000	dec/31/2021
FBS \| FBS league	$450	dec/31/2021
forex euroclub \| weekly demo competition (in russian)	$45	dec/31/2021
fxopen (forexcup) \| demo contests	$600	dec/31/2021
grand capital \| "drag trade" hourly demo contest	$200	dec/31/2021
grand capital \| "futures trade" weekly demo contest	$1000	dec/31/2021
grand capital \| "rally trade" daily demo contest	$500	dec/31/2021
hotforex \| "virtual to real" demo contest	$2000	dec/31/2021
IAFT \| traders demo contest	$20	dec/31/2021
instaforex \| "FX-1 rally" demo contest	$500	dec/31/2021
instaforex \| "instaforexsniper" demo contest	$500	dec/31/2021
instaforex \| "one million option" demo contest	$500	dec/31/2021
instaforex \| lucky trader demo contest	$1000	dec/31/2021
instaforex \| real scalping demo contest	$2000	dec/31/2021
LAND-FX \| demo competition-FX	$3000	dec/31/2021
liteforex \| "best of the best" demo contest	$4000	dec/31/2021
LMFX \| "learn & earn" demo contest	$1000	dec/31/2021
masterecnfx \| demo trading competition	$1200	dec/31/2021
MFM securities \| gungho demo contest V1	$600	jan/29/2021
moneymaker \| demo contest sponsored by instaforex	$250	dec/31/2021
NPBFX \| contest on demo accounts	$1000	dec/31/2021
octafx \| champion MT4 demo contest	$500	dec/31/2021
octafx \| ctrader weekly demo contest	$150	dec/31/2021
roboforex \| "demo forex" contest	$700	dec/31/2021
roboforex \| "kingsize MT5" demo contest	$100	dec/31/2021
roboforex \| "trade day" demo contest	$350	dec/31/2021
roboforex \| "week with cfds" demo contest	$150	dec/31/2021
superforex \| "gold rush" demo contest	$100	dec/31/2021
superforex \| bitcoin mania	$100	dec/31/2021
uniforex \| trading competition	$1000	dec/31/2021
weltrade \| weekly demo series contest	$1500	mar/21/2021
westernfx \| demo trading contest	$3000	dec/31/2021
WOHLSTAND FX \| demo contest	$1000	dec/31/2021
world forex \| "cash wars" demo contest	$1400	dec/31/2021

Latest promotions:

Extra promotions:

Trader

PLEASE PUBLISHED WEEKLY DEMO CONTEST AS LIKE WEL TRADE AND LAND FX .

Trader

MFM securities - demo contest V1

18th - 29th january 2021 ;
https://www.Mfmsecurities.Com/gungho-demo-contest-v1

Trader

Accentforex - "master scalper" demo contest

Available till : jan 10,2021

Trader

I want new weekly demo contest

Trader

Please request all broker published new and new demo contest

Trader

Simplefx - trading idea contest

Post your trading ideas on simplefx and share it on social media ;
win $100 ;
https://blog.Simplefx.Com/2020/12/11/youre-doing-it-anyway-show-us-your-trading-ideas-and-win-100

Trader

Please published new years demo contest request all broker

Trader

Octafx - win $1K instagram new year contest

End – december 24, 2020 ;
make a video on the following theme of ‘octafx, I need your $1,000 to boost my goal’ ;
https://www.Instagram.Com/p/ci48fmecfsr/

Trader

PLEASE COME NEW WEEKLY DEMO CONTEST REQUEST ALL BROKER PUBLISHED NEW WEEKLY DEMO CONTEST FOR CLIENT

Trader

MFM securities - kamikaze demo contest V7

18th - 31st december 2020 ;
https://www.Mfmsecurities.Com/contest

Trader

Arcond

ACM brokers | demo contest : " not found "

Atirox | chasing mavericks demo contest : " this site can’t be reached "

Hotforex | "virtual to real" demo contest : no " promotions "

Uniforex | trading competition : " page is under construction . " https://www.Uniforex.Az/en/musabiqeler/winners

Westernfx | demo trading contest : " westernfx DEMO trading contest will be announced soon! "

Forex demo contests

Hotforex » virtual to real demo competition

Grand capital » future trade demo contest

NPBFX » demo contest, iphone 11 pro

Octafx » weekly ctrader’s demo contest

WFOREX » demo contest, $23K fund

Roboforex » free monthly demo contest

Forex demo contests and competition

As a forex enthusiast who intends to succeed on the forex, you need a high level of discipline and a robust knowledge of how the market works. One good way to acquire forex knowledge is to participate in a forex contest.

Many online brokers create a platform for their traders, both newbies and experienced traders, to participate in forex contests. A forex contest is organized so that traders can compete among themselves and retain their trading interests. The contest is divided into two – forex demo contests and forex live contests.

Today, we will take a look at the concept of forex demo contests. We will walk you through the benefits of participating in a demo contest and what you should know before joining any contest.

But before we dive deeper, let’s quickly explain what a forex demo contest is.

What is a forex demo contest?

A forex demo contest is a risk-free forex trading competition organized by online brokers to allow traders to practice their trading skills and strategy and win cash rewards, gifts, or tradable money.

Participating in a demo contest is very simple and straightforward – all you require is to open a demo account with an online broker and skills in forex trading.

Benefits of forex demo contest

Forex demo contests are designed for beginner traders so that they can practice their trading skills and learn how forex trading works using a live account. However, it is not strange to also see experienced or expert traders participate in a demo contest. Since they may earn a prize without necessarily risking their real money.

Primarily, the major beneficiary of a forex demo contest is beginners. Beginners are encouraged to participate in demo contests because:

It would help them to understand the forex market and how to trade without losing their trading capital.

They will learn the various tools required to automate trades. This would help them both physically and mentally should they decide to take up a career as a forex trader.

They will gain real-time insight into the dynamics of live trading. This would help them to avoid unnecessary mistakes that may cost them their hard-earned money.

A forex demo contest allows traders to test, correct, or improve any trading strategy before applying the same to trade in a live environment.

They can gain self-confidence, win rewards at no cost at all, and without any risks.

As a beginner, once you participate in at least two or more demo contests, you would be one step closer to becoming a professional trader. As you can see, forex demo contests come with so many benefits. Therefore, if you plan to take up a career in forex trading, we encourage you to participate in different demo contests as often as possible.

What should you know before joining A forex demo contest

Before you join any forex demo contest, keep the following in mind:

Be informed that each demo contest comes with its unique rules and regulations. There is no one-size-fits rule for all the demo contests. These rules determine who is fit to participate in the contest, how prizes would be won, and how prizes would be redeemed.

Endeavor to study all the rules and regulations and adhere to them. Non-compliance with the rules will automatically disqualify you.

Choose a broker that is reliable and trustworthy.

Only participate in a demo contest that is easy for you.

Ensure you read forex-related news and stay updated with trends and events in the forex market.

The demo competition presents by the broker with the following common terms and conditions and is available only to specific demo contest accounts. However, the terms and conditions vary from broker to broker depending on the particular contest.

General terms and conditions of demo contest 2021:

Basically, the client needs to eligible to participate in the demo contest with an age of 18 or the legal age applied in his country of residence.

Only clients with a demo contest account are eligible to participate in this contest.

The client hereby acknowledges, confirms, and accepts to be legally bound by the terms and conditions as set out in the particular contest

Registration and trading period

The demo contest should have a registration date that the participants require to confirm their registration before the deadline. Some competition allows registration until the end of the contest, while others have a specific date to be registered.

Each contest has its duration suits their campaign, some of the common contest periods are monthly, weekly and many others. Among them there are contests runs on a regular basis with its particular timetable.

Usually, the leverage & initial balance is fixed for all contest’s accounts and cannot be changed.

Final thoughts

Okay, that’s it. Forex demo contests are a great opportunity for you to perfect your trading skills without depositing any funds or even losing your hard-earned money. Since forex demo contests are organized by online brokers, do your due diligence when choosing a broker to create a demo account with.

Lastly, what’s your experience like the first time you participated in a demo contest? Let us know in the comment section!

So, let's see, what we have: forex demo contests competitions 2021 held among demo accounts, same facilities for all participants. Forex demo competition is a risk-free way to try your trading skills and strategy while competing for prizes! Cash or tradable money or gifts are distributed as prizes for the winners of forex demo contest - find all here! At forex trading contest