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Trading tournaments are events in which traders participate and compete with one another. These tournaments are often held virtually, meaning traders use demo accounts to showcase their skills. Yet, some tournaments require participants to trade on real funds. The traders who demonstrate the best performance in a specified period are usually crowned as winners.
Traders who generate the highest returns during the tournament win different prizes, depending on their final rank and the organizer’s policy. These prizes vary from cash rewards to advanced trading tools and even funding.
Trading tournaments provide an excellent opportunity for traders to test themselves against other competitors, observe different strategies, and learn from each other. Institutions also have the chance to identify talented traders to recruit or invest in.
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