The Sponsor reserves the right to refuse entry and to disqualify Entrants. In addition, the Sponsor reserves the right to terminate the participation of an Entrant, and to remove or bar an Account Manager. Entrants must abide by Forex Trading Tips Winning Trades rules and regulations of the Championship. If an Entrant violates any of these rules, the Sponsor reserves the right to terminate the Entrant s participation and bar it from participating in the Championship.
The ForexCup Trading Championship is a global trading competition designed for traders, investors, and portfolio managers. It allows participants to compete for a $50,000 cash prize and the title of best trader. The competition is open to anyone with an active FXOpen ECN account. In order to participate, participants must comply with all contest rules and deposit at least a minimal amount. The top three competitors will receive personal brand promotions from the Championship Provider.
The competition period lasts from January 1 to December 31. The winners of the contest must have an forex pairs trading time,xm trading app,xm logo,siriusxm account settings account, have a valid ID, and provide proof of residence. The winnings can be withdrawn to a bank account of their choice. The FXCM Live Score Board allows participants to track their progress throughout the contest. In addition, the Economic Calendar displays major events in the market during the contest period. Finally, the Market Scanner provides insight into what big moves are happening in the market.
The World Cup Trading Championships and World Cup Advisor are registered trademarks of the Sponsor. The Entrant agrees not to use any of these trademarks for any promotional purposes without prior written approval from the Sponsor. Failure to comply with these provisions will result in disqualification from future Championships. The Entrant is also required to pay all legal fees and return any awards as liquidated damages if disqualified. The Sponsor reserves the right to make final decisions.
While the World Trading Championship is a highly prestigious event, many successful traders would rather not participate. The competition is largely a marketing tool, and many successful traders do not need the recognition. Instead, they gain recognition from the market for their trading skill and performance. If they win, it is likely because they use these methods and know how to make the market.
In addition to the competition, the participants will be required to pay brokerage commissions on their accounts. These brokerage commissions range from $5.00 per contract side for futures and $6.50 for micros, and they may incur NFA fees as well. Additionally, their positions may be liquidated in order to meet margin calls.
The currency market is a challenging place to learn forex trading. Some competitors use real money, while others use paper money. As a result, winning a forex trading championship requires different techniques and strategies than winning real-world trading. In some cases, participants are allowed to break cardinal rules of the game to increase their chances of success.