Forex Contest For Traders: A Beginner’s Guide

Introduction

Many people are attracted to trading as a source of income. However, most of us are afraid of losing our investment. Starting out as a trader without any experience seems dangerous. So, is there any way around it? And how should you start out as a trader without risking too much or any money for that matter?

Well, we have the answer for you: Forex contest for traders. With this contest, you can easily earn money without investing. You are able to start your trading journey from scratch with the traders union. If you are looking for information about this exciting contest, then keep reading. Here’s a beginner’s guide to forex contests for traders.

Before you start

Before we jump into how to participate in the contest, we must first look at some crucial information to clear some of the questions you must be having. When you take part in the contest, the only thing that you are investing is your time, and no money is involved except for when you start winning.

You are able to find your daily virtual profit accrual and the profitability of the account directly from your personal account. When you win, the prize will instantly be credited to a real trading account. You can withdraw daily from the funds upon the first request. Even if you don’t win the contest, you are getting an invaluable experience of how trading works. For novice traders, the contest is one of the only places to experience real trading without any financial risk.

How to start out?

So, you’ve decided to take part in the contest. Here’s how you do it:

  1. First of all, select the broker that is holding the contest. You can find various brokers at the Traders Union rebate service websites.
  2. After that, open a demo account and follow the recommendations on the broker’s website.
  3. The total prize will be distributed between the top 10 winners in relation to the profit made by them.

Conclusion

Your goal must be to place in the top 10 and get a prize. However, even if you lose, don’t lose hope and review your mistakes. Keep challenging yourself by taking part in the contest, and you will be the best novice trader in no time.