A forex demo contest is a trading platform were different categories of forex traders (beginners and experts) trade against each other as individual participants in other to makes a better result than his co- competitors and emerge the winner of the contest. This forex demo contest is slightly different from a regular forex trading where forex traders engage in trades independently from one another. A forex demo contest is basically held on demo accounts where participants take part with fake money and win real money. It has no form of monitory risk for a forex trader or the participant but every penny which is the cash winning prize is real.
Copy forex trading is a forex trading strategy that permits forex traders to mirror the trades of experienced and successful forex traders. This forex trading strategy helps beginners or less experienced forex traders to avoid making emotion-based trading decisions that can lead to a massive loss. In copy forex trading, Forex traders make use of brokerage's trading platforms or software to examine histories and details of different forex trading strategies conducted by renowned forex traders. At this point, the forex trader selects an algorithmic forex trading strategy from the list of available strategy based on his/her investment goal, currency pair being traded, risk tolerance and trading capital.