Admiral Markets: Thousands in ForexBall Competition

In September, the Admiral Markets Group will host the third annual ForexBall Competition. With more than 30,000 participants and a total prize pool of $80,000 the ForexBall is one of the largest Forex competitions worldwide.

The third round is about to start and again will see thousands of traders compete in a highly competitive environment, trying to make the most of their $5,000 starting capital in just two weeks. More details are here:

ForexBall competition again attracts thousands of traders worldwide

Tens of thousands of traders from all over the world and only one goal: To become the ForexBall trading champion. With more than 30,000 participants and a total prize pool of $80,000 the ForexBall Trading Championship, organized by the Admiral Markets Group, is one of the largest Forex competitions worldwide. The third round of this year’s contest will start on September 10, 2012.

In the ForexBall, all participants start out with $5,000 of demo money in their Admiral Markets demo account – and have two weeks to make the most of it! In different rounds throughout the year the top earners win cash prizes and a ticket to the final round at the end of the year. There, the best traders from all over the world compete for the title of ForexBall champion and even more cash prizes. The total prize pool distributed among winners is $80,000, all for immediate withdrawal.

“The ForexBall is a highly competitive contest”, says Dmitri Laush, Executive Vice President of the Admiral Markets Group, the organizer of the competition. “Only the five best players of each region make it to the Final. Long-term strategies – as traders would usually employ them for their own accounts – don’t work for the ForexBall, as it only lasts two weeks. Participants therefore have to risk it all to make it to the top.” Player Timurko from Uzbekistan, who topped the second round of this year’s ForexBall in May, demonstrated that: He turned his starting capital of $5,000 into a profit of nearly $130,000. “The ForexBall is a unique chance for participants to trade risky and short-term, like they never would with their own money”, Laush adds.

The competition is held for the third time this year. In four standard rounds throughout the year, traders compete against fellow players from their regions. The top five earners of each region in the respective rounds get a chance to participate in the final round – only the 160 best contestants worldwide will make it to this exclusive circle. In the two rounds already concluded in 2012, more than 6,500 players participated. In the past, the ForexBall attracted more than 30,000 traders yearly.

http://www.forexball.com/