Forex Live Contests

Real account traders can participate in the real contests that usually require opening a separate account at the same broker. Unlike demo contests, real or live contests serve as a direct revenue source for both the brokers and the traders.

Traders earn not only the prizes (which usually go to the winners and some top runners up), but also keep their profit made during the contest. Traders prefer to employ only tested and proven working strategies during the real Forex contests as the risk is quite high there. The real contests are useful for communication between the traders and getting some valuable experience.

Contrary to the prevailing risky tactics that are used in the demo contests, traders that participate in the real account contests prefer a careful and weighted approach with a strong risk management. Reckless trading without a stop-loss and on high margin leverage isn't popular here because the trader's own deposit is at risk.

This bonus type can be recommended only to the experienced Forex traders that know what they are doing and are ready to sustain the risk of loss. The most common prize for the real contests is money but almost anything valuable may become a prize. Of course, the earned profit is also a sort of prize for the winners or for any other participant, who is in profit by the end of the contest.

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