Forex trading contest is now no longer purely entertainment options for traders. The magnitude of the potential competition for online trading have made many traders deliberately hunt down profit from competed in the contest. This trend is encouraging the birth of the contest online forex trading platforms such as FX trading contest offers an Arena on a demo-account, but with a gift that can be withdrawn in cash.
How do you do?
Basically, competed in the FX trading Arena similar to forex trading. Traders simply need to open an account, make a deposit, choose the contest who wish to follow, then a match until the contest ends. It's just that, in the contest of trading in the FX trader's deposit, the Arena is used only to buy a ticket to enter the contest. In the contest later FX Arena will allocate funds as capital of virtual games. A full description can be followed from the video below:
After registering to the FX Arena and make a deposit, you can login using your nickname and password. Contest area will appear where you can choose the type of contest like what you want to follow. There are six elements are there where you can discuss the contest type browsing according to taste. The sixth element is as follows:
- 1. Category
Based on its category, there are fixed and Scheduled Contest Registration (Standard). New fixed registration category contest will be directly started when the number of participants already meet the minimum requirements of the participants. While the contest is scheduled to begin in a specific time on the schedule when the minimum number of participants have been met.
- 2.Typethe TradingContest
-Standard Contest
The contest is the contest without the usual standards of specificity that exists on the type of other contests.
-Contest One vs. One
Contest participants One vs. One are just two people. Both participants in a duel to determine who is the best among them both.
-The Contest Of The Race (Race)
As the name implies, the race participants will reach the target of certain equity vying to grab a gift special. But if there are no participants race to reach the target until the contest ends, then it will apply the normal payout structure.
- 3. theduration of the time
Participants can also choose FX Arena itself long race will race among four options running time: 15 minutes, 1 hour, 4 hours, 1 day, 1 week and 1 month.
- 4. The instruments
Trading contests generally allow the use of various instruments, but there is also a trading contest where participants can only trade in certain instruments. Among others just pair-the pair EURUSD, forex, cross the Yen alone, or just gold (XAUUSD) only.
- 5. Use the EA or not
Among the many races, there is which allows use of the Expert Advisor (EA), and some are not. Also, you can choose as desired.
- 6.Ticket prices
The ticket price paid also varies, ranging from free (free), low (0-99 USD), medium (100-999 USD), and high (= 1000).
After choosing one type, say the contest Scheduled Registration category (Standard), then at the bottom will appear various contest types it. There, you can click to see contest details more clearly on the right side. If you're interested in the contest it, click "Go To The Contest" that is on the bottom of the details of the contest. You will be delivered to the window of that contest, where you can register.
After register, funds amounting to the cost of the ticket will be automatically taken from the inventory of your deposit. Selajutnya, you can simply wait until the contest begins. All FX trading contest Arena will be held in a demo account on MT4 platform with the typical login details for each contest. Login details will be provided at the same place you did register for the contest.
Once the contest starts, you will be able to see the ranking in the contest which followed in the same location as well. Similarly after the contest is over, you will get a message containing a rank as well as how much money that managed to be won there. The money that you win in a contest will automatically go into "Wallet" in Your FX Arena, and cash can be withdrawn at any time. Especially when you register to join FX Arena via local exchanger Sentraegold, then deposit and withdrawal can be done more easily and free of charge any fee/pieces.
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