Brokers, competition and ranking. These are all very important factors in the success formula, although not for the clients only but they are also very important for the brokers themselves. But why would a broker care about the ranking if client acquisition is its only reason? The truth is that brokers use trade competition as a [...]
So the question any more is not if brokers make profit from forex trading competitions or not. The correct question is as follows: What do they make their profit from and how do they turn the information piles into real money at the end of the contest? Naturally, nothing is as simple as it seems [...]
It is easier to apprehend what factors motivate the traders society to join these trade competitions. They can test a broker and the service it provides to customers. Other traders would aim at learning the interface and the use of trading platforms. There are some traders who belong to the group of slow-walkers and they would [...]
Traders may wonder what is the real goal of brokers when they organize a competition for traders and forex trading systems. Is it really the fame, buzz and hype that drive them? Or is it just another way to collect the contact of future customers? The answer is no. Brokers are much smarter and devious [...]
I have taken part in a great deal of forex trading competitions just to see the methods how the brokerage firms try to bribe and toll their potential future customers. Do not misunderstand what I am saying, there is nothing wrong with these competitions. Moreover, these are wonderful opportunities to test a new platform, the [...]