How do you win a forex contest?
How do you win a forex contest?
Risk a large % of your account on each trade. Get a high win rate by having a wide stop loss or no stop loss at all. Go all in at the late stage of a trading contest. Sign up a trading contest with multiple entries, the more the better.
Can Forex trading get you rich?
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.
Can you get scammed by Forex trading?
Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist. One shady practice is when forex brokers offer wide bid-ask spreads on certain currency pairs, making it more difficult to earn profits on trades. Be careful of any offshore, unregulated broker.
Who is the richest trader in forex?
Richest Forex Traders – Trading Secrets & Life Stories
- Top Forex Trader – George Soros. George Soros has a current net worth of about $8 billion.
- Second Place – Paul Tudor Jones.
- Third Place – Joe Lewis.
- Runner Up – Stanley Druckenmiller.
- Runner Up – Bill Lipschutz.
How do you win the OctaFX contest?
How to join next round
- Log in or sign up on OctaFX.
- Open a new Champion contest account.
- Download the MT4 trading platform or use the browser version.
- Wait until 9 May and start trading on MT4 using the contest account.
- Get the highest balance and win a prize!
Is forex trading a job?
Forex is the largest and most liquid market in the world. Trillions of dollars worth are exchanged every day. A career as a forex trader can be lucrative, flexible, and highly engaging. There is a steep learning curve and forex traders face high risks, leverage, and volatility.