New “Price is Right” Forex Contest

Feb. 8, 2010 - PRLog -- Since October, 2009 Forex Club has been holding monthly Forex contests to test their clients' skills on a non-risk practice account.  This contest, named the FXDrive contest, gathers an average of three thousands traders per month from across the globe.  As this contest’s popularity continues to thrive, Forex Club Financial Company decided to release a new contest for all traders to partake in.  

Early Monday morning, Forex Club announced a brand new "Price is Right" daily Forex contest available for all new and existing clients.  This new Forex contest will run alongside the existing contest.

The “Price is Right” Forex contest is a daily contest which was created as an incentive to increase traders funds while offering these same traders the opportunity to win enticing cash prizes.  According to the rules posted on Forex Club’s official page, traders who qualify to enter this Forex contest can win anywhere from $1 to $100,000 every day.

The winners of this Forex contest will be calculated by looking at the closing price of ten different currency pairs.  Forex Club’s contest analysis team will analyze the last two decimals in the closing price of these pairs at 00:00:00 GMT.  All traders who have funded their account with a minimum of $10.00 will be entered onto a list, in order of when they funded.  The traders who appear on the list in sequence to the last two digits of the pair’s closing price will win money equal to their position on the list.

Forex Club offers an example on their website to further clarify the rule of this Forex contest, “In the chart above price closed at 1.4073 on January 26th, 2010.  Look at the last two decimals in that pair – 73.  In this case, the 73rd person to have funded an account on that day would have won $73.00.”

The Forex contest offers a very enticing incentive; in the event that all ten pairs close with their final two decimal points equal to “00”, the 100th trader to fund his or her account will be awarded with $100,000.

Forex Club’s official website is http://www.fxclub.com.  All traders interested in learning more should visit the official page of this Forex contest at http://www.fxclub.com/price-is-right.