What Are The Advantages Of Trading Contest?

[Guest gaban]

I often find a lot of brokers who hold trading contest. Good for the demo contest and for contest real. By entering the contest, we can get some benefit. But there is also an opinion that the contest is just a waste of time. In your opinion, what are the advantages of the contest?

[amri.rudi]

taking part in the best forex broker contest can also practice trading skills under pressure.

[Noah Jackson]

Spreads are variable, it is the difference between ask and bid price. The difference between the asking price and bid price is the rate which broker keep a par as their commission and rest of the amount they give to their trader. Some broker keeps a high rate. BPRIMES always keep lowest trading spreads from their trader. For considering lowest trading a trader should select those broker who provides this facility. But to understand this facility first of trader need to know what is spreads. It is a financial tool which helps a trader to make a huge profit.

[uncle gober]

that's the importance of why traders can make preparations such as training and learning, this is done so that traders can better run trading activities on real accounts. traders can use the educational program from TIckmill.

[Sininfinity]

For me nothing. I would say the same for newbie traders as well. Stick to a normal demo account and give yourself the opportunity to learn.

[tradesprint]

New traders make losses in start so it could be good idea if they trade on a demo account with virtual funds so in case of loss they does not lose any money but can learn from their mistakes.

[nextop]

Usually contest is free and you can take lower prize if you are qualified. 

[Malik1130]

Trading contests offer a great way to sharpen your skills, test strategies, and compete for rewards. Just like solving Dreisatz Rechner (rule of three) problems helps in quick and accurate calculations, participating in trading contests enhances decision-making and risk management. Both require logical thinking and precise calculations to achieve the best results. Whether in math or trading, mastering patterns and ratios is key to success!

[Mohsin4210]

A trading contest is a great way to practice trading risk-free, win rewards, and improve strategies. It also helps traders understand tax rates on trading commissions and earnings. By participating, you can learn, compete, and calculate your potential tax deductions easily. 💡You can try our website on KDV Hesaplama that is very helpfull in calculating tax on each trade in the world of Forex.

[tradesprint]

On 1/16/2025 at 11:44 AM, nextop said:

Usually contest is free and you can take lower prize if you are qualified. 

Monetary prizes are always extra motivation with the true sense of achieving something valuable.

[pradegxs]

I totally agree - contests sharpen your execution under stress, and in my experience they helped me stay calm during real-money drawdowns

[tradesprint]

I noticed that most of these rewards are given as trading credits so that the traders can trade them and make more money in order to withdrawals.