Forexball: 8 weeks, 22,000 participants and $32,000 in prizes

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ForexBall, a global forex contest, just concluded its second season with a new record in participation. In only eight weeks since its re-launch, the Admiral Market Group’s new competition attracted more than 22,000 participant.

A total of $32,000 was given out as prize money, with much more to come.  ForexBall has also grown into a lively social network where contestants follow successful players and learn from their trading history.

For more details, here is the official press release:

Tallinn – April 22, 2013 – More than 22,000 participants and $32,000 awarded as prizes – that is the result of the first two seasons of the new ForexBall™ Trading Championship, organized by the Admiral Markets Group. Within only eight weeks of its re-launch, the contest has not only grown into a lively competition among some of the best traders worldwide, but the social features of the platform www.forexball.com have built a vivid community, while the articles and opinions in the news section attract beginners and versed traders alike. “The start of the overhauled competition has been a complete success”, says Dmitri Laush, Executive Vice President of the Admiral Markets Group.

With the end of the second monthly season on Friday, April 19, 2013, the second set of seasonal winners of this year’s ForexBall™ championship have been determined: In the second season, Lukasz Filipiak from Poland earned $300,694 and made it to the top with this result. Jhony Iskandar from Indonesia came in second with $270,022. Third is Andrey Zuykov from Russia with an account balance of $257,110 after four weeks of trading. Winner of the first season was Bojan Mitic from Serbia. He accumulated $231,118 in his ForexBall™ contest account over the course of one month.

Runner-up was Maxim Pushkar from Ukraine. He earned $214,852 over the first four weeks in the competition. Constantin Giaba from Romania ranked third on the monthly table with a ForexBall™ account balance of $203,271.
In the ForexBall™, contestants start with $10,000 in an Admiral Markets demo account and have 100 hours of trading to generate profit. Traders compete against fellow players from their respective
region – Asia, Europe, Ibero-America, Russia and CIS, and Rest of the World – in weekly rounds, with the best three contestants winning prizes of $1,000, $500 and $250 respectively. Four of the weekly
rounds form one season; seasonal winners are the traders with the highest results over the entire months, and are determined on a global scale. They three highest performers earn $5,000, $3,000
and $1,000 respectively for their success.

“Our objective was to create a Forex contest that is not only competitive and suspenseful, but also educational and interactive”, explains Laush. The overhauled ForexBall™ is the most comprehensive training and learning opportunity and therefore is particularly suitable for beginners. The new website equips participants with all the information needed for successful trading: The contest homepage features economic and financial news, Forex market analyses, webinars and related articles. In the new ForexBall™ community, contestants can view other players’ profiles, check their trading history and follow successful traders.

Under the slogan “100 hours of trading”, the refurbished ForexBall™ contest will run weekly throughout the entire year, with every round lasting from Monday 10 am (GMT) until Friday 2 pm (GMT). Contestants can join rounds and seasons at any point in time. A total prize pool of more than  half a million US dollar per year will be distributed amongst successful players. The current round “Cable” started on Monday, April 22, 2013. The next round, “Geppy”, will start on Monday, April 29, 2013.

 

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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