FXCM Micro is giving away $40,000 in monthly prizes in their “King of the Micro” Monthly Forex Trading Contest.
In this live trading competition, FXCM Micro account holders with the highest percentage gain (it can be as little as 10%) will win $25,000. Second-place winners will receive $10,000, third-place winners, $5,000.
The percentage gain will be based on the ending gross P/L (including floating P/L) as a ledger balance against the beginning balance at the beginning of the contest. There will be no restrictions on withdrawing your prize money.
The contest begins at 5:00 pm (EST) on the first trading day of the month and ends at 4:59 PM (EST) on the close of the last trading day of the month.
What is Forex Trading?
The Forex (Foreign Exchange) market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders’ investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.
The main benefits of currency dealing to private investors and attractions for short-term Forex trading include:
- 24-hour trading, 5 days a week with non-stop access to global Forex dealers.
- An enormous liquid market making it easy to trade most currencies.
- Volatile markets offering profit opportunities.
- Standard instruments for controlling risk exposure.
- The ability to profit in rising or falling markets.
- Leveraged trading with low margin requirements.
- Many options for zero commission trading.
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