How to find a good contest website?

[John69]

Hi guys,

I'm not very experienced in forex contests or any other type of games. Does anybody of you is playing any forex based game?
I've searched the forum to find the clear answer on the question, but i didn't I'd just like to know if there is any reliable website to play and take out money easily.

Excuse me if i started the topic in the wrong place and thanks beforehand for the answers.

 

[Pharaoh]

If you mean some sort of demo contest, a lot of brokers have those. The flaw is that most demo contests only consider profits gained during a short time, not risk taken. This changes it from a contest of careful strategy to a game of who gets luckiest with high risk gambling.

 

[John69]

I mean some kind of this forexstars.com/en/regulars

I searched a little bit about the demo accounts - some people say, that they can be tricky

 

[Wahlberg]

If you mean some sort of demo contest, a lot of brokers have those. The flaw is that most demo contests only consider profits gained during a short time, not risk taken. This changes it from a contest of careful strategy to a game of who gets luckiest with high risk gambling.

What would be considered a contest that would bode well with traders? (don't say "a contest where they all win" ) But seriously, what would be the constraints and recipe that would make traders say that *this* contest is fair, and well planned?

thanks!

 

[RahmanSL]

Hi guys,
I'm not very experienced in forex contests or any other type of games. Does anybody of you is playing any forex based game?
I've searched the forum to find the clear answer on the question, but i didn't I'd just like to know if there is any reliable website to play and take out money easily.
Excuse me if i started the topic in the wrong place and thanks beforehand for the answers.

Try Dukascopy community site.....simply sign-up and partake in all (if you so wishes, including the Miss Dukas beauty contest) their daily/weekly/monthly/yearly contest/competitions. BUT you will have to learn to use their jforex trading platform which get some getting use to as it's quite different from the more popular MT4 trading platform.

To withdraw your prize monies, you will have to open a live trading account and make trades on their trading platform as per their T&C: "The winners may withdraw the prize amount from their live sub-account after meeting the following minimum turnover requirements, which constitutes 2 million USD for every 100 USD won in the Contest."

 

[Pharaoh]

What would be considered a contest that would bode well with traders? (don't say "a contest where they all win" ) But seriously, what would be the constraints and recipe that would make traders say that *this* contest is fair, and well planned?

thanks!

The rules must be crystal clear and fair. The flaw I was pointing out is that most contests turn trading into suicidal risk gambling. Such a contest may be fairly run and judged, but it's not a true representation of trading ability.