If you have been in the forex industry for a while, you probably know that there are hundreds of loyalty programs and bonuses offered by contemporary forex brokers and aimed at stimulating traders to boost their activity and performance. Apparently, trading contests belong to them as well.
Indeed, trading contests are the kind of activities allowing the trader to test his/her skills against the others while being able to compete for decent cash prizes. At the same time, the broker hosting the contest is interested in spotting the best of its client base to further make them beneficial offers aimed at long-term and mutually beneficial cooperation. This what they call a win-win situation.
With that said, trading contests let you the required stimuli to come up with the most flexible, efficient and productive trading strategy while staying focused under the pressure of the need to be the frontrunner. This is what pushes the trader out of his. Her comfort zone to be able to perform at full capacity while working his. Her way up to the victory. More profits in less time, fewer drawdowns coupled with lower risks, staying calm, relaxed and focused while being under pressure. This is what separates the best from the mediocre.
For rookies, trading contests are an excellent opportunity to practice in the real market environment, which is not always a friendly place to be and work. Financial markets can be rough and cruel towards amateurs. So, while contesting, rookies gain invaluable experience on their way up to becoming professionals.
To make the long story short, there is nothing bad about participating in Forex trading contests while there are many benefits of doing so provided that the contest you are going to participate in is hosted by a truly reputable Forex company. Only such companies are capable of coming up with exciting contests that can actually teach you something while giving you a chance to win big.
Almost every other Forex broker offers its own trading contests today. Still, most of them are far from being exciting. Some of them are designed to be a trap for unsuspecting rookies, especially if these contests require a buy-in to participate. Well, this is certainly not the case with the trading contests hosted by RVD Markets, one of the leading Forex companies out there. By the way, RVD Markets was recognized the best ECB broker in 2014, which means this is a reputable Forex company.
Not so long ago, RVD Markets completed another exciting contest called RVD Championship. The winners of the contests shared a decent money pool - $100 000!
RVD Championship: $100 000 to Winners!
Despite the fact that this trading contest required a buy-in, the minimal deposit requirement was pretty low - starting from $100 to participate and compete for your own share of $100 000. Another exciting feature was the absence of limitations in terms of strategies used. As a participant, you could use trading robots our trade manually, hedge, apply scalping strategies. Those who monitored the progress of the contest participants could see a comprehensive set of data, including the weekly and overall ROI, drawdown, equity, leverage etc.
The final list of the top participants looks as follows:
The winners were excited to know that they can fully withdraw the prizes if they wanted or simply use the funds to trade their way to even bigger profits by using the funds as the equity.
All in all, the last contest embraced 253 participants from more than 20 countries all around the worlds. We recommend paying attention to the 2 highest performers of the contest - Laus36 (Netherlands) and stranger (China) who made $98578 and $64607 respectively!
At this point, the company is looking forward to helping those guys starting their own PAMM accounts to let them attract even bigger money pools from investors. By the way, you can be one of those investors seeking high profits at low risk…
