As reported by «Market Leader» (US)
First International Trading Contest for Professionals by Masterforex-V Academy
The article on trading contests published in issue 19 of the Market Leader magazine for the Russian-speaking audience caused disputes about the necessity of such contests and their transparency.
It is pleasant to realize that most of the audience speaks IN FAVOR of trading contests. But it is not about some pseudo-contests with some unclear tasks and sudden winners from nowhere. It is about fair and open trading contests with unambiguous tasks, relative transparency and real winners defined by competent jury. However, it should be noted that both Market Leader and Masterforex-V Academy forum received many negative comments (especially from beginners) on the “scam” trading contests arranged by numerous “dirty” brokers and dealing centers for the only reason: to make traders pay while they are participating in real-account trading contests. Indeed, in such cases skilled «masters of word» compose really inviting ads promising fantastic prizes. So, those beginners who are not familiar with all the pitfalls of such trading contests usually find it very difficult to disregard “the trap” and pass by.