Today, when global economy is strongly effected by crisis, it is getting more and more risky to trade on financial markets even for professionals. Assets collapse one after another in front of one’s very eyes, thus forcing investors to direct their money means into other ones.
Crisis is Acid Test of Financial Markets
There appear “bubbles”, for the influence of unadopted US budget does not encourage trust to new financial tools. Moreover, China as the largest US bondholder has officially addressed Washington, expressing its concern. If Beijing starts taking action, the “bubbles” will burst quicker than investors may output their money.
Such scenario may certainly evoke chain reaction, and then European and Asian markets will suffer, thus experiencing in one way or another the vast pressure of sinking stock assets. The situation is worsened by investors’ massive panic. And only such legendary personalities as Warren Buffett keep getting billion earnings from his investments, acting by his own principle: “Fear when others are greedy and be greedy when others fear”.
However, one should not necessarily be a new Buffett, Soros, Trump, Gates, etc. in order to have stable and high earning despite global economy. It is enough to resist the massive financial hysteria, and continue working on Forex market without any worries. It is this off-exchange international currency market that is most stable and has largest money turnover. It is it that has best technologies and most liberal trading conditions. Therefore, by having the necessary knowledge, skills, and experience, you may get high and stable profit despite the economic problems of the globe.
For those not having enough experience of professional work at Forex, one of the biggest broker companies FXOpen suggests a unique opportunity to grasp all market nuances in practice as soon as possible. Besides mastering the priceless trading experience in practice, you get a chance to get several thousand dollars from the broker! For this purpose, try your hand in Russian Forex Championship, organized and sponsored by FXOpen.
FXOpen: Anyone May Become the Best
“By working in the interest of traders we have created a number of unique projects, which make it possible to become a financial market professional in a short time,” says Denis Peganov, Business Development Director at FXOpen, in his interview to the “Market Leader”, “even today some participants of these programs, meaning unique trader contests and championships in the framework of ForexCup project, manage PAMM ECN accounts of our company, where they have received large deposits. PAMM account managers regularly attract investment, thus increasing their trading volumes and, consequently, earning. Therefore, FXOpen transfers money to the accounts of winners of various contest as a starting sum for opening and managing a PAMM account.”
“By taking part in trader competitions of our company everyone not only grasps the mechanisms of effective work at Forex, but also gets the opportunity to win a big money prize and become a PAMM account manager at FXOpen,” continues Denis Peganov, “every of our numerous contests (ProfitableWeek, FXMarketMasters, ProfitHunters, Forex Championships in Asia, Ukraine, Moldova, Russia, etc.) has been developed to consider traders’ interests, namely, professionals, beginners, aggressive strategists, or followers of less risky trade.”
“Besides,” admits the FXOpen representative, “this year we have held several grand super projects in the framework of continental Forex tournaments. Asian Championship has become one of the brightest ones; it has attracted a record number of traders from the region and evoked great interest of their colleagues from Europe, North and South America, Australia, Russia, and CIS countries. By the way, an Indonesian citizen has become a winner, having received a PAMM ECN account with a 3 000-dollar balance and the title of Best Asian Trader (for more details see the article “FXOpen: Who Became the Winner of Asian Forex Championship”).”
Similar success concerns Trader Championships in Ukraine and Moldova, which have gathered the total of several thousand participants and tens of thousands of intent onlookers. Now, as supposed by Denis Peganov, there has come the time of a global championship of a big country, namely, Russian Forex Championship.
Russian Forex Championship: Unique Opportunities for Russians
“Our company has not chosen Russia as a ground for Forex Championship by chance,” explains the FXOpen representative, “for it is this country that hundreds, and even thousands, of talented traders live in. We are convinced that many of them will partake in such large-scale competition with pleasure, thus being able to make a name for themselves. Moreover, participation is absolutely free.”
Similarly to Championships in Asia, Ukraine, and Moldova, as well as some other tournaments of ForexCup project, winners will be awarded with management over PAMM ECN accounts with big deposits. Current Championship presupposes a special bonus fund of 4 000 dollars, which will be divided between most successful contestants (getting not less than 20% income will become a criterion).
Although Russian Forex Championship started on October 07, one may register up to and including November 03. Duration of the tournament is 8 weeks, and it finishes on November 29. The total prize fund amounts to 10 000 US dollars, of which 3 000 dollars will be received by the Best Russian Trader, and winners of 2nd and 3rd places will receive 1 800 and 1 200 dollars, accordingly. Other participants will also be rewarded, provided that their profitability by the results of the contest will amount to not less than 20%.
According to Denis Peganov, the peculiarity of Russian Forex Championship is its open format, which means that free participation is available not only to Russians, but also to the citizens of other countries, who may also get the special bonus in case of successful trade. However, main prizes – PAMM accounts with big money balance – may only be received by traders from Russia.
Speaking about other terms of participation in Russian Forex Championship, they are rather liberal and clear:
− trade is effected on a contest Demo ECN account by means of MetaTrader 4 platform;
− starting deposit amounts to 5 000 dollars;
− credit leveraging: 1: 100;
− you may trade any of 49 currency pairs;
− advisors and hedging may be applied;
− volume within lots: from 0.1 to 1 (the maximum of 1 lot for opening of one order);
− maximal number of orders open at a time (including delayed ones): 5.
“For more details about registration and participation in Russian Forex Championship see the special section of ForexCup resource,” specified Denis Peganov, “for my part, I would like to add that the Russian trader tournament certainly is a prestigious competition, for the title of Best Russian Trader will be received by the strongest participant.
Additional intrigue is brought by the fact of participation of foreign traders. We have intentionally not made the championship a close one in order to show the professional level of Russian Forex society. I am convinced that it is one of the highest levels worldwide, which is proved by the success of many of our Russian clients.”
“FXOpen wishes every contestant a favourable trend and successful profitable deals. We remind that anyone may join the ranks of successful PAMM account managers in our company by the results of the Championship,” summed up Denis Peganov.
