The next major event in the foreign exchange market is the FOMC meeting when the central bank announces its interest rate decision. The markets are widely expecting a cut, as Feds Funds Futures (FFF) imply a 90 percent probability. The expectations have been intensified by weak manufacturing data. This increased the probability of a rate cut. This competition has just started, so the first day of trading was exciting for participants. The British pound led the way for all day’s leaders. The contest will continue until September 23, with nine weeks remaining. In the meantime, traders will still have a chance to win a cash prize of up to $100,000. And if you’re lucky enough to be one of the winners, you’ll have the opportunity to win a share of a million dollars.
Forex Live Contests AT FX Market
A good thing about this contest is that there are many winners. In the currency trading section, the currency trading portion started on Wednesday. The first day of trading produced some exciting results. The British pound was the all-day leader, and John Buckingham and Laura Kelley were the top three movers. The remaining three traders will be crowned winners when the contest is over. The prize money, however, will be divided among the top five competitors. Make sure that you are joining at forex live contests before starting the trade in the FX market.
The currency trading portion of the contest started on Wednesday and showed some exciting results. The top three traders on the first day were Ted Muniz, John Buckingham, and Laura Kelley. Only two weeks of the contest remain to see the winner, but the prize pool is pretty impressive for those who have the money to do it.
The British pound was the all-day leader, followed by the American dollar. The contest was won by Laura Kelley, Ted Muniz, and John Buckingham. Despite their winning trades, the competition is still very intense and the winners are determined by the level of their experience. If you are a long-term trader, you should analyze the impact of the FOMC on the broader currency markets. The key is to focus on the market trend and stay alert for unexpected news. If the market is rising, then this is the time to buy. If the market is falling, then you should consider selling, and if the market is down, then sell.
What’s About FOMC Meeting Schedule?
As with any currency trade, the fomc meeting produces two documents: a transcript and minutes. A transcript is published three weeks after the meeting and contains the key discussions, while the minutes are released five years after the meeting. As with any currency trade, there are nuances that can make the outcome of a currency trading contest a success.
In the currency trading section, there are currently three top traders in the contest. The British pound was the top trader on Wednesday, and the British pound was the overall leader for the day. With only 9 weeks left in the contest, the top three traders have a clear lead. They are all profitable, and you can profit from them too. If you have a strategy that makes you money, there are several strategies that can help you achieve your goal.
Another important aspect of forex live contests is that there is a time and place to enter. The first day of the contest’s currency trading portion was launched on Wednesday, and all of the leaders were in the British pound. This made the competition more competitive, and the British pound topped the charts. In addition, the FXCM also holds its monthly FXCM meeting. During the meeting, the CFTC will discuss the rules and regulations of the various forex live contests.
The Last Lines
When it comes to the currency trading part of the contest, the first day of trading was exciting, and the British pound was the day’s leader. The competition was very tight, but the results were not as expected. The top three traders have nine weeks left in the contest, and they are in a good position to win. If you’re a scalper, this is the right forex demo for you. As the FOMC Meeting Schedule is the most important, traders should follow it closely. The meeting results of the Fed will affect the currency markets. The USD may strengthen or weaken and this can cause some traders to sell. Consequently, the USD may fall against its currency partners. However, if the outcome is negative, long-term traders should avoid the USD and focus on the corresponding currencies.
