Every forex Web trader knows that the art of trading can become tedious if you don’t mix things up a little. This is especially true for novice traders who may not have the skills and confidence to participate in real, for-cash forex trading. If you’re a novice trader, one of the best ways that you can bring some enthusiasm to your trading is by accepting a competitive trading challenge. When you do your practice forex online, you may have the chance to participate in a forex trading challenge provided by your broker.

Many times, forex trading challenges are provided as motivation to attract new investors to a firm’s online forex trading service. Some websites like Fx360 and Etoro will offer cash prizes to winning demo traders who are not yet at the level of investing their actual money. These traders use “fake money” to test their knowledge.

The most important aspect of demo forex trading is to learn the art of trading. However, novice traders can add some excitement to their practice trading by participating in demo forex trading challenges. Having the motivation of real money prizes for top-performing challenges can encourage new traders to focus on learning new and important skills which can help prepare them for real forex trading.