One of the newest forex contests just announced is the third season of the “InstaForex Great Race “. InstaForex provides its clients with several forex trading contests. The total prize fund is $50,400 USD and anyone with an InstaForex account can participate!
Now, I don’t know about you but, that is a lot of money available for contestants to win. There is absolutely NO COST to join and you will compete against the other forex traders just like you. In addition, you could utilize an Expert Advisor or any other trading strategy you feel would give you an advantage to win this contest.
The Great Race 2011 forex contest is set in four stages, leading to a final contest with a top prize of $5,000 USD. Registration for the first stage of the contest has already begun.
CLICK HERE to be taken to the Registration Page!
Stage 1 – In this “Great Race”, contestants start each stage of the competition with an initial $100,000 USD in a new DEMO account.
The first part of the contest runs from May 30 to June 24, 2011 and offers cash prizes for the top 11 contests winners.
The line of prizes for the first stage of the Contest is:
- 1 prize – 3000 USD;
- 2 prize – 2000 USD;
- 3 prize – 1200 USD;
- 4 prize – 800 USD;
- 5 prize – 600 USD;
- 6 prize – 300 USD;
- 7 prize – 250 USD + 40 bonus points;
- 8 prize – 200 USD + 30 bonus points;
- 9 prize – 200 USD + 20 bonus points;
- 10 prize – 100 USD + 10 bonus points;
- 11 prize – 100 USD + 5 bonus points.
All prize winnings will be transferred to your real trading account at the end of each stage. As a winner you will be able to use the winnings to continue to trade in a real account and withdraw all profits over the prize sum at any time.
What makes the InstaForex contests most interesting is, that you are able to view all the current and past trades made by all the other competitors. You are able to see how well your trading results compare on a day to day basis and it is all in a real time trading scenario. The full contest rules and details are located at “Great Race 2011″ from the company website.
This contest will be a true test of your trading abilities as you compete through the four stages then onto the FINAL contest. The final contest awards prizes to the top 14 contestants!
The first prize is $5,000 USD
- 2 prize – 3000 USD;
- 3 prize – 2000 USD;
- 4 prize – 1500 USD;
- 5 prize – 1000 USD;
- 6 prize – 750 USD;
- 7 prize – 500 USD;
- 8 prize – 500 USD;
- 9 prize – 300 USD;
- 10 prize – 300 USD;
- 11 prize – 200 USD;
- 12 prize – 200 USD;
- 13 prize – 100 USD;
- 14 prize – 100 USD.
Use a contest like the “Great Race 2011″ to learn to trade the forex without putting any of your own money at risk. If a system or strategy you use does not perform well enough for you to earn a prize, you can enter the next stage of the race and try to be the best trader in the next stage. Remember, this contest gives you the opportunity to learn to use the InstaForex trading platform, learn the effects of the different levels of margin, see the effects of the company’s pip spreads and should you need assistance, you will experience the exceptional customer support that InstaForex offers.
I challenge you to join the contest and if you enjoy the experience and the value InstaForex provides, we hope that you will open a real trading account and share your results with your friends. Trading the forex markets can be an exciting venture and I look forward to competing against you. Watch for me in the contest. My reader name is Ripstar. Email me and let me know how your experience with InstaForex and this contest is going so we can share it with others. Happy trading and I wish everyone success in trading currencies online.
REMEMBER: Read all the contest rules at InstaForex.
