Trading contest at Forextown

A forex contest is a trading contest for forex traders where traders who reach top positions in the contests earn cash prizes. There are numerous types for forex contests, they might differ depending on the aim of the contest. All forex contests take place during a specific time period and standings are updated regularly on our website . The most common timeframes are monthly contests, where the contest starts the 1st every month and continues to the 30th.
One of the most common types of forex contests is a contest where the aim is to reach the highest profit in the contest. For example, there might be a forex contest with 100 participants. Whoever earns the highest profit in the given timeframe will win the first prize. Other participants finishing in top positions will win prizes as well.
There are also forex contests where the aim is to earn as much points as possible. In this scenario, points are awarded depending on the number of lots a trader trades on a given month.
When you enter a forex contest as a ForexTown member, you will automatically take part in a forex cashback offer at the broker you trade at. There is also a good chance that the broker you choose to trade at offers a forex bonus.