Alex Bobrov
They say you become happy when your dreams come true. Thousands of beginning traders dream of becoming professionals. Larry Williams, Alexander Elder and other trading gurus once dreamed of reaching the Financial Olympus. There weren’t born rich but they managed to get from rags to riches. They set goals and work hard to achieve them. For example, Larry Williams was the first trader who earned over $1 000 000 by winning… a trading contest!
Today, beginning and mediocre traders have much more opportunities to start a professional trading career. Probably, the most efficient way to reach this goal is to start participating in trading contests arranged by Alpari, a major Forex broker.
Alpari’s Trading Contests: Experience, Money, Pleasure
In essence, any trade is like a tiny battle for an opportunity to make money by winning it from other market participants. Obviously, beginners lose more frequently than more skilled traders. If the trade for real money, they lose real money. More often than not, rookies do not have reliable and proven trading strategy and approach. They lack self-discipline, experience and necessary tools. They often violate risk management rules, thereby investing too much of their money in a single trade. That is why they often lose because the market never has pity for them.
Therefore, in order to avoid all the negativity associated with everything that was mentioned before, it is necessary to go deep into the specifics of Forex trading. One of the best ways to accomplish this task is to participate in trading contests.
As we mentioned before, Alpari offers a series of exclusive contests for all kinds of traders. You can compete with others for valuable prizes, simultaneously testing you trading strategies.
There 5 types of contests available: Jackpot, Formula FX, Full Throttle, Virtual Reality and Successful Investor.
The “Contest” page of Alpari’s official website reads:
Jackpot
Your Goal: More profit, less drawdown
Each Round Lasts: 11 weeks
Number of Rounds: 4
Total Prizes Each Round: 31,120 USD
Overall Grand Prize: PAMM Account pre-loaded with 50,000 USD
Number of Prize-winners: 25
With more than 170,000 USD in annual cash prizes, it's easy to see why so many Alpari traders compete in Jackpot. We give away prizes not only at the end of each round, but at the end of the year as well.
Formula FX
Your Goal: The most profit
Each Round Lasts: 1 week
Total Prizes Each Round: 1,600 USD
Number of Prize-winners: 10
Formula FX is our shortest and most exciting contest. Each round lasts only one week, so you have the chance to win more than once over the course of the year. The minimum deposit requirements are low and the rules are simple: you earn the most profit, you win.
Full Throttle
Your Goal: More trading volume
Each Round Lasts: 2 weeks
Total Prizes Each Round: 4,650 USD
Number of Prize-winners: 10
Full Throttle features a bit of a twist: the winner is not the contestant with the highest return, but the one with the highest trading volume. You can win even if your trades are losing.
Virtual Reality
Your Goal: More profit, less drawdown (on your demo account)
Each Round Lasts: 11 weeks
Number of Rounds: 4
Total Prizes Each Round: 5,940 USD
Year-end Grand Prize: PAMM Account pre-loaded with 10,000 USD
Number of Prize-winners: 15
In this contest, you have the chance to win real cash prizes without putting any of your money at risk. That's because trading in Virtual Reality takes place on demo accounts. May the best trader win!
Successful Investor
Your Goal: The most profit on your PAMM investment account
Each Round Lasts: 1 month
Number of Rounds: 12
The Prize: 500 USD or an iPad (your choice)
Number of Prize-winners: 1
Looking for a contest where you don't have to do any trading? This is the one. Sign up for Successful Investor and you'll have the chance to win your choice of a new iPad or 500 USD. The prize is awarded to the contestant who has earned the highest return on their investment by the end of the round.
As you can see, Alpari offers a great variety of contests for all types of traders with different trading approaches. Discover a world of exciting contests at Alpari!
For more details, please visit the company’s official website.
Alex Bobrov
