Why live trading contest?
Do you know what you have learned? What are your trading skill and level? Are you prepared to play with a VIP account? Trading alone and participating in a contest is not the same thing. Here you have to compete with professional and experienced traders.
So, it’s a risky process and an excellent opportunity to show yourself that you are the best trader. Who doesn’t want to get awards? Forex broker provides cash prizes and awards for success. All awards and cash prizes are withdrawal.
Most important thing to consider before participating live contest
Suppose you are already registered with the offered broker. You may know about the broker. So, you don’t need to look at the broker. If you have past experience with the broker, it will be good to play well. So, the second thing is doing you played any competition with the broker? If not, then check the past records of their contest and get some idea before starting.
If you are not registered with the broker, check the broker profile first, such as past records, trading service, client service feedback, and regulation.
Both of these are the primary things for starting. The next important thing is checking the terms and conditions of the live contest you are going to participate in.
If the terms and conditions are not suitable for you, then don’t enter it could be a waste of your important time.