These days, more and more people around the globe discover Forex as a major source of stable incomes leading to financial freedom. Those how make money in financial markets (including Forex) are not subject to the financial and economic situation in the countries they live. Which is more important, the size of your income is limited to your potential.
In other words, the international currency market gives you an excellent opportunity to be your own boss and to make money depending on your skills, resources and desires. Apparently, your knowledge and skills are some of the most valuable resources, especially when it comes to Forex trading. Thanks to their skills and knowledge, people easily get what they want, thereby multiplying their initial capitals and demonstrating 3- or even 4-digit ROI.
Still, in order to acquire those valuable knowledge and skills, it is often necessary to spend a lot of time, effort and money on it. If you learn the ABC of Forex trading, you can often miss a tiny but vital thing, which can ultimately lead to unexpected results in real-money trading. So it is always a good idea to find a good mentor. Still, there are self-taught people who do a lot of practice and learn this way. Anyway, whether you prefer to learn or you learn from someone else, it is always a good idea to practice a lot. In this aspect, participating in a trading contests is the best opportunity to test your skills against others' skills and simultaneously to get a decent opportunity to compete for real prizes, including cash that can be used to deposit and start live trading.
When it comes to trading contests, you can hardly find anything better than the exclusive arena of trading contests, courtesy of XM (Trading Point of Financial Instruments Ltd), one of the leading international Forex brokers.
Thanks to this project embracing hundreds of various trading contests within the scope of a single arena, thousands of XM traders (including intraday traders, mid-tem and long-term investors) can be considered professional traders who enjoy regular profits from contests and personal trading.
They say even a rookie trader can participate in a contest without investing a penny to compete for decent cash prizes, that can become an excellent starting point in their trading career.
Moreover, XM (a world-class broker licensed by the FSA, CySEC etc and regulated by MiFID etc.) gives any new participant a chance to get $20 for free to withdraw or use the money in a contest:
The site goes:
$20 Free to Participate in the XM Contest Arena
Register a Nickname and get $20 Free Automatically
All Profits Withdrawable
Free $20 Credit Added Automatically
Non Stop Contests to Join
XM Contest Arena
This is what a representative of XM told Market Leader:
Not so long ago, we looked at intermediate results of the Contest Arena to arrive at a surprising conclusion: most of the participants turned out to be quite talented traders after showing outstanding preliminary results in the contests. The winners of several contests get instant payouts credited to their accounts. For example, the following rating includes those traders that earn most of all by participating in the contests offered by the Contest Arena:
The TOP 20 includes those lucky guys who made from 700 to several thousand dollars.
It should be noted that the list of benefits includes the following options:
- to choose between the contests with various amount of participants (this holds true for both paid and free contests) and various duration (15 minutes to 1 month)
- to choose among hundreds of contests in order to pick the one that matches your trading style and strategy.
- to participate in several contests at a time
- to trade various market instruments via various trading terminals
- to use trading robots / expert advisors
- to withdraw the cash prizes instantly
The bottom line is that XM's Contest Arena is really the world's best place for Forex contests. Flexible options and beneficial conditions make it a perfect choice for anyone who loves trading contests. For more information, please visit http://www.xm.com/contests
