FXTM, an award winning international forex broker, has announced "Forex Trading Legends," the organization's largest live trading competition after the "Game of Pips" in 2015. The winners will be decided on the basis of the profit ratio achieved by them and ten traders will each win from the sizable pool of $100,000 in prize money.
The "Forex Trading Legends" competition will allow traders from throughout the world to participate under actual market conditions in the real world, which will make the competition a true test of strategy as well as skill.
There can only be one Legend, is it you? Register Now in FXTM's Live Trading Contest: https://t.co/M9deGeTfD5 #Forex pic.twitter.com/ImTER7Ym0F
— FXTM (@ItsForexTime) March 4, 2016
The top three contestants from the Forex trading competition will earn the titles of "Ultimate Global Forex Legend," "Global Master Trader," and "Global Super Trader" and will be awarded $50,000, $20,000, $10,000 in prize money, respectively.
FXTM will offer participants top quality market analysis as well as insightful and up-to-date reports on the currency and commodity markets, which they can incorporate into their strategies.
The following top seven traders will also be awarded cash-prizes, and will be crowned "Forex Hero" of their individual countries.
FXTM will offer contestants top notch market analysis along with insightful and up-to-date reports on currency and commodity markets. The participants can incorporate these reports into their strategies.
"By proving their trading superiority in an exciting live environment, those taking part in our latest contest will have the opportunity to win some great prizes," Jameel Ahmad, chief market analyst and corporate development vice president at FXTM, said.
"Savvy traders will have the ability to rise to the top by studying the markets and implementing sound strategies, which balance both risks and opportunities. FXTM's top quality market analysis is an excellent starting point for those taking part in the contest to receive insightful and up-to-date reports on the currency and commodity markets, which they can incorporate into their strategies," Ahmad added.
Registration for the competition was opened officially on February 29 and traders will just have to deposit $300 in a live trading account to participate in the competition. "Forex Trading Legends" will be held from March 21 to April 22.
All 10 winners of the event will also receive a "Strategy Manager" account, as a part of copy and social trading program by FXTM, FXTM Invest. Strategy managers can earn up to 50 percent of the fees on their effective trades. The managers are ranked by their gains in real-time, popularity and risk level, which will enable them to continue making profit from their successful trades.
(Image via Wikipedia) The foreign exchange market also known as forex, FX, or currency market is a global and decentralized market for foreign currency trading. The trading covers all aspects of buying, selling and exchanging currencies at certain prices, generally the current prices. In terms of the volume of trading, foreign exchange market is by far the biggest market in the world. The associated market liquidity of this market is over $5 trillion trading daily.
FXTM is a regulated international brokerage broker. The organization is based in Belize and offers trading in Forex, CFDs and precious metals.
[Image via Wikipedia]
