Wednesday, February 8, 2017

Why all new trader should participate in a demo contest



How do you feel when you hear the word “contest”? Excited and eager to participate? Or Scared? Some have declined the thought of participating in contest simply because they have allowed negative emotions to hinder their growth.

They may think it is better to be thought a professional in forex trade than to partake in contest and fail and be thought a fool. Such thought won’t take you far, especially when it comes to trading. For this reason, I am writing this to share with you the benefits of a Demo Contest. The following reasons show why you should participate in a demo contest.

1.       Ascertain Your Strengths & Weaknesses
As a Forex trader, you may find it hard to easily discern your trading strengths and weaknesses. Partaking in a Demo contest pin point them and helps you focus on your strengths and then figure out ways to conquer your weaknesses. 

2.       Inspired To Acquire Knowledge & Understanding
A trader, who desires to be successful in Forex trade, has an insatiable quest for knowledge and understanding. And that is what Demo contest does for you. It highly motivates you to obtain the needed knowledge and understanding to be able to trade skillfully to be profitable.  

3.       Opportunity To Learn
When a trader takes part in a Demo contest, an ample opportunity is given him to learn new trading skills and strategies from fellow traders. The opportunity to tap into the knowledge and experiences of FX veteran and to expand your knowledge is opened to you. 

4.       Helps You Grow
All the experiences accumulated from a Demo contest, when put into good use, can help a trader grow by improving on what he has already known and also developing new trading strategies that would guarantee consistent winning. Demo contest would also boost a trader’s confidence in his trading strategy. I hope these reasons and many others motivate you to always partake in Demo contests.


Best Demo Contests to Join

InstanForex Sniper - (Weekly)

Profiforex Newbie Championship - 4000USD price Fund (Weekly)