New Trading Contest
Trading contests are always a lot of fun because they enable you to compete against other traders, and, in most cases, win cash prizes if you turn out to be one of the most profitable traders when the contest ends.
So with that in mind, you may be interested to know that the copy trading site ZuluTrade have just launched a brand new trading contest for summer 2019 that enables you to potentially win up to $5000.
This particular contest commenced on 30 June, but it will run throughout July and won’t finish until 31 July, so you still have time to enter.
(Update – Please note that this contest has now closed. If you continue to read the news stories on this blog, I will alert you to any new contests that ZuluTrade may run in the future).
Prizes
This summer trading contest will only run for one month, but ZuluTrade are offering a top prize of $5000 for the winner, with $2500 going to 2nd place and $1000 going to 3rd place. So it is worth taking this competition seriously.
Rules
Full terms and conditions can be found on the ZuluTrade website, but the key points are that you need to deposit at least $2000 into your ZuluTrade account and trade at least 2 standard lots in July in order to be eligible for the contest. The winners will be the traders with the highest ROI (return on investment) in percentage terms.
Final Thoughts
Unlike many other contests where you are essentially trading a demo account and can afford to take crazy risks in order to go for the big prizes, this one is based on real money accounts only.
Therefore you need to be careful about taking too many risks because you are still putting your own money on the line, but it does mean that if you do have a really good month trading the markets and have met all the criteria of the competition, you have a chance of winning some decent cash prizes if you end up finishing in the top 3 traders for this month.
So if you do decide to enter this exciting new contest, I wish you the best of luck!
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