What are the competitions for Forex Traders.

Perhaps those who had to deal with the Forex market, surely heard about the competition of traders. Now there are many brokers and dealing centers conduct a variety of enticing tournaments, as this is a unique marketing tool to attract new customers. However, not every trader is able to understand the conditions of competition, which sometimes do not quite match the description. So, let's see with what are forex contests.Dealing centers conducting competitions, which can be divided into certain groups. The first group - the simplest contests is used, as they say, to "disperse". These contests are clear even for the absolute beginner market, and tend to have a modest prize. Such programs do not require traders to specific knowledge and experience. In fact, to participate in such tournaments, and knowledge is not needed - most importantly have a passion and luck.The second group of competitions designed to have an experienced and skilled Forex traders - people who are developing their own trading strategies, scripts, indicators, etc. Typically, these contests have several stages, for example - competition for the best trading robot or trading strategy. Anyone whose product shows the best trading results in a certain period of time and receive the grand prize, which is not comparable with those that involve "unpretentious" contests.And the last group for those traders who are really professionals and they are no longer interested in trading for themselves, and plans to receive the management of large capital. For these traders, major brokerage firms offer to try his hand on the PAMM-accounts. Such conditions do contests rather qualifying tournaments, the results of which, the company selected professional managers, to expand the list of trustees. The main prize in the competition - serious capital, percentage of profits, etc.