Quite often the beginners face up with the problem of switching from demo to real accounts. Everyone admits that there are some differences between these two types of accounts. On of the differences is psychological. Traders are afraid of trading on their money. All traders passed through this fear. How to eliminate this?
There are two basic ways:
1. Start trading on cent account;
2. Take part in the forex contest.
Contests give the opportunities to earn money for the first deposit and it can be a very good start.
Every contest has some rules. For example,
"First Deposit" (7-13 February) contest rules are:
The contest is held for those who want to get their first real deposit and start trading on real money.
The prize for the first place is $500.
The participation in the contest is free.
Trading platform: MT4
The first 10 places will receive prizes. The size of the prize depends on the entrant’s place on the list of winners
The full information about the contest can be found on the homepage of Profiforex.com. Click here:http://www.profiforex.com/pages/Client/Contests
At the start of the contest, each participant will get $5000 in his contest account. The rules of the contest are simple: You need to increase your deposit and earn more than others.
What is your opinion about participating in forex contests? Let's discuss here all the pros and cons.
