This September, the FundedNext Trading Competition will be back, giving traders the chance to show off their skills and win huge prizes worth more than $30,000! This competition gives you a chance to show off your trading skills and win a lot of money, whether you’re a seasoned pro or just starting out. The best part is that it’s totally allowed to enter!
Why take Participate?
website register your account and click three dot menu and join
Trading competitions are a great way to test yourself, learn from other people, and possibly win a lot of money. In addition to allowing you to trade in a risk-free demo environment, the FundedNext Trading Competition offers real cash prizes to the best performers. You can anticipate this:
1st Place: $7,000 in cash + Stellar 2-Step 300K plan
2nd Place: $3,000 in cash + Stellar 2-Step 200K plan
3rd Place: $2,000 in cash + Stellar 2-Step 100K plan
4th to 5th Place: $1,000 each + Stellar 1-Step 50K plan
6th to 10th Place: $300 each + Stellar 1-Step 25K plan
11th to 20th Place: $200 each + Stellar 1-Step 25K plan
21st to 70th Place: Stellar 1-Step 15K plan
71st to 100th Place: Express Consistency 15K plan
101st to 600th Place: Eligible for a lottery draw to win one of 50 Stellar 1-Step 6K accounts!
How Does It Work?
The opposition starts on the first day of September and runs until the last day of the month. A leaderboard will track the performance of participants, who will trade on demo accounts. The objective is to have the highest account balance at the end of the month while adhering to particular guidelines like:
Maximum Daily Loss Limit: 5%
Maximum Overall Loss Limit: 10%
Minimum Trading Days: 5
News Trading Allowed: Yes
Commission: $3 per lot for Forex and Commodities; no commission on Indices
EA’s Allowed: No
Maximum Lot Size: 3 lots for indices, commodities, and metals
Maximum Open Positions: 5
Because traders are able to hold positions overnight and over the weekend, it is possible to develop adaptable trading strategies. However, since there are no resets during the opposition, members should be wary. Your record is void if the principles are broken even once.
What Can You Trade?
Participants can trade a wide range of instruments, including:
- Currencies: A comprehensive list, including majors, minors, and exotic pairs like USD/BRL, EUR/USD, GBP/JPY, and more.
- Indices and Commodities: Trade popular indices like SPX500, NDX100, and GER30, along with commodities like XAU/USD (Gold) and USO/USD (Oil).
The Lottery Draw
You still have a chance to win, even if you don’t make the top 100. A lottery ticket will be given to traders who are ranked between 101st and 600th. 50 lucky winners will be chosen at the competition’s conclusion to receive a Stellar 1-Step 6K account. The competition dashboard and the community section will display the lottery results.
How to Win
Winning the FundedNext Trading Competition requires strategy, discipline, and a keen understanding of the markets. Here are a few tips to help you get to the top of the leaderboard:
- Follow the Rules: Adhering to the competition rules is crucial. A single violation can disqualify you.
- Stay Informed: Keep an eye on market news and events that could impact your trades.
- Manage Your Risk: With strict loss limits in place, effective risk management is key to staying in the game.
- Plan Your Trades: Consider your trading strategy carefully, especially since you can hold positions overnight and on weekends.
- Practice Consistency: Trading consistently over the month can be more rewarding than taking on high-risk trades.
How to Register
Ready to compete? Registration is simple. Head over to the FundedNext website, sign up for the September 2024 competition, and get ready to trade your way to the top!
Don’t miss out on this fantastic opportunity to compete, learn, and win. Mark your calendar for September 1st, and join the FundedNext Trading Competition. With up to $7,000 in cash prizes and additional rewards, this is one competition you won’t want to miss!
