Sun, 27 Mar 2016 13:04:00 +0400
Everyone can succeed in today's world. Forex is an excellent option do just that. Unfortunately, more and more people see Forex and pretty much any other financial market out there as something to gamble. They cannot tell the difference between Forex and casinos. While, you can actually gamble at any financial market, comparing Forex to casinos is ridiculous at best. The thing is, people want to get rich fast, which is why they do not want to take some time to learn to trade Forex professionally and make money over the long term. Yet, they have to pay for it by losing all the money that fell prey to gambling. It is such gamblers that give birth to various myths, rumors and other information undermining the status and image of the entire international FX industry.
I'll tell you what: Successful Forex trading is all about diligence, in-depth analysis, expertise, skills and the right state of mind as well as a reliable FX broker to access the interbank market. There is no such thing as long-term success in gambling, which is why most people lose when trading any financial market. They treat them as casinos and get punished for this amateurish approach. Palin and simple!
On the other hand, there are successful guys trading Forex professionally and capitalizing on the on a regular basis. These are true trading experts. They make up for 5% to 10% of the traders out there. Some of them are living legends. All of them work hard to achieve their goals no matter what. They can serve as a good example to all of us wanting to succeed in financial markets as well. Apparently, those traders trade Forex with reliable brokers like ForexTime (FXTM), for example. The importance of choosing a reliable broker shouldn't be underestimated. This is one of the cornerstones of the long-term success in FX trading. FXTM is a broker trusted by hundreds of thousands of traders from 180 countries of he world.
It is interesting to note that apart from boasting excellent trading conditions for retail traders, FXTM can offer you a chance to become a Forex legend and enter the so-called "Hall of Fame" for FX traders as well as to get a share of the $100 000 prize pool.
Forex Trading Legends - Trading Contest by FXTM
FXTM invites all FX traders to test their skills against other traders out there. FXTM claims that this is the biggest live FX trading contest ever. The winner of the trading contest is going to get Ultimate Global Forex Legend title as well as the Grand Prize, which is the lion's share of a decent prize pool equal to $100 000! Each end every participant has a good chances t become the next FX Legend.
As for the contest details, here they are:
You can register up until April 22nd, 2016, inclusively.
The contest started on March 21st, and is going to take place up until April 22nd, 2016, inclusively.
The prize pool is equal to $100,000!
On to of that, the winners are going to be added to FXTM's Hall of Fame, offered to run FXTM Invest Accounts and receive Forex Legend t-shirts.
In order to sign up for the trading contests, here are the steps required to complete:
1. Open an MyFXTM account or log in if you already have one.
2. Opt-in using the corresponding section in your MyFXTM account.
3. Deposit $300 and unleash your potential by trading currencies.
The ultimate goal of the contest boils down to trading your way all he way to the top. In order to do that, it is necessary to get the biggest profit in terms of percentage points.
Once again, the 10 best-performing traders are going to win their shares of the mentioned $100,000 prize pool along with having their names included into the Hall of Fame, FXTM Strategy Manager Accounts to run and Forex Trading Legends t-shirts to enjoy!
Prizes and Titles
For the terms and conditions of the contest, please go to http://www.forextime.com/forex-trading-contests/forex-trading-legends/
Other Benefits of Trading Forex with FXTM.
Here are some of the benefits you can gain when going with FXTM. The company's official website reads:
With the floating leverage system we have introduced, leverage reaches as high as 1:1000, which means that our traders can increase their buying power by as much as 1000 times. High leverage unveils opportunities to traders that they could have never imagined; the ability to deposit a small percentage of funds and yet trade larger volumes. Always remember however that there is always the possibility that leverage will incur losses too.
Tight spreads are a key prerequisite when choosing a forex broker. The initial cost of trading depends on how low or high the spreads offered are, so the fact that we offer you tight spreads and even spreads starting from 0.1 pips* puts you at an advantage from the start.
*Depending on account type and market conditions.
Your transactions are executed immediately at ForexTime (FXTM), ensuring that you get the best prices and that no delays interfere with your trading activity.
No Dealing Desk (NDD)
NDD technology allows us to work with multiple liquidity providers in order to provide you with the best bid and ask prices. Through this technology we offer deep interbank liquidity and give you direct access to rates that can be instantly executed*.
*Depending on account type and market conditions.
With automated trading, otherwise known as algorithmic trading, a trader develops a trading strategy or implements someone else's trading strategy and this is then adopted by an automated trading system like Expert Advisors. This system automatically begins to trade for you according to the strategy you have already implemented, making your trading activity automatic. The greatest benefit of this system is that traders do not have to worry that they will miss an opportunity if they look away for a while. Profit can be made even when you're fast asleep, because you've incorporated your trading algorithm into this system. It is important to bear in mind that just as with traditional trading, losses can be experienced with automated trading too.