Forex Trading Challenges

Foreign exchange market (also known as Forex) is the largest market in the world. Before the World Wide Web Era, only financial institutions and large banks had access to the Forex. Now, thanks to the development of the Internet, individual traders have free access to the foreign exchange market trough trading platforms. The number of individual traders using internet to access Forex grows exponentially every day.

Etoro is only one of the many trading platforms available online and very easy to use. Etoro encourages traders and is the only trading platform rewarding its own traders for their trading skills. Every week Etoro holds a Trading Challenge with important cash prizes for both real money and play money traders.  All you need to do is trade and accumulate as much money as you can and you can win real money into your account.

The challenges are open to anyone who holds an Etoro’s account and the top ten traders receive the following prizes:

- 1st place gets $500;
- 2nd place gets $300;
- 3rd place gets $200;
- 4th to 6th gets $100 each;
- 7th to 10th gets $50 each.

These prizes apply as well for both real money and play money challenges so beginners are also rewarded for their trading skill and you can win hundreds of dollars by trading Forex with no risk of losing money. The challenge prize is only given once per account or person.
Challenges start every Monday morning once the Tokyo market is opened and last until Friday evening when the New York market closes. All profits made in this period of time count for the Challenge.

If you are curious what other traders do on Etoro, the platform offers you a live update of the most popular trades executed by Etoro's top 100 traders. Now you can take a peek at what others trade so is much easier to learn if you have no experience. The Top Trader’s Insight shows the percentage of buyers and sellers for most traded currency pairs. For example 97% buy and 3% sell for USD/CHF indicates a strong trend towards USD, 97% of traders buying US dollars by selling Swiss francs.

Etoro also has a special a First Deposit Bonus of 100% up to $1,000. Make a deposit and you will receive instantly $25 for a minimum deposit of $100 and up to $1,000 for a $10,000 deposit.

If you are a newbie in Forex, Etoro is the best place to start. Here you can trade with play money and be rewarded with real money for it and, if you like to make it serious Etoro offers biggest first deposit bonuses instantly to your account.