Is Trading competition good way to earn money?

[rijaljun]

I'd say it is a good opportunity to earn additional profit from winning the competition, but sometimes it needs you to lose your capital too. Just be careful of where you gonna join the competition, if you need to do it on unpopular exchange then you probably don't need to join it as it could be a scam.

[TravelMug]

hello crypto heroes.

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?

Of course.

i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.

Might be, but the purpose is to attract investors on their platform. And hope that those who have joined in their competition might stay longer pushing more liquidity on their exchanges.

The agenda is how it's possible to earn some money through trading competitions and what are risks?

Obviously, if you won the competition then they should reward you. Read the competition manual follow all the rules, simply as that.

[Free1bitco.in]

The agenda is how it's possible to earn some money through trading competitions and what are risks?
I will be very thankful to all of you guys if you also share your tips and tricks.  

it is right to say that competition trading is an exchanger way to attract users, as well as to increase trading volume. but, it can also be used as a place to raise money. we know that competitive trading sometimes gives a huge prize to those who make the biggest trades.
in my opinion, it can be a fast way to make money, it's just that the risk of trading is unavoidable, you have to understand the risks before the trading competition. for example, you need large funds to produce a large trading volume, and also a large profit to get the prize. because of this, the risk we get is quite large, so, when you are not good at short-term trading, I suggest not to participate in this competition, and trade as usual.

[AniviaBtc]

You need to have a deep pockets to rank high in trading competitions as the winners are often pick based on the amount of volume they trade. Binance trading contests usually have 2 categories . The first one, You've to reach a minimum trading volume however the rewards for this category is relatively small but its easy to win. The other category is where the well versed, whales excel. You simply can't win against someone using 20-50BTC per trade.

For you to be able to win the trading competition, you need a wide understanding about technical analysis about charts and graphs. Not just only a deep pockets or large foundation, but on how you will make a small amount of investment and earn a lot from it. It is easy to win the Binance trading contests but first you need to gain more experience in trading and spent more money in losses.

[TrevorS]

Here everything depends on your skills as a trader, because in a competition of this kind everything will depend on your bargained volumes, in which you will lose money on commissions, as well as on your own mistakes. The second most important prize pool and its distribution.
In any case, not having enough experience, and chasing the prize, you risk losing a lot.

[MURONDI]

crypto exchanges have many ways to promote their exchanges, one of them is a trading competition, there are various kinds of competitions, some use demo accounts with point calculations, some only give prizes to champions 1-3 ,if using prizes based on points calculation might be an alternative way to get money.

[acdc]

The agenda is how it's possible to earn some money through trading competitions and what are risks?

It is a game for big traders who continually buy and sell to increase trading volume, but they still incur transaction fees and if the currency depreciates they will suffer a loss.
If you are not a large and professional trader I suggest you should not attend competitive deals.

[TinaK]

For trading company owners it will be great to have the best earnings with the high amount of investment by n number of traders. Normal people will not target to make more number of trades but in these kind situation they are usually asked the traders to achieve some milestone to get bonus or something in competition.

[Aikidoka]

I'd say it is a good opportunity to earn additional profit from winning the competition, but sometimes it needs you to lose your capital too. Just be careful of where you gonna join the competition, if you need to do it on unpopular exchange then you probably don't need to join it as it could be a scam.

Exactly, people should be careful while they joined such a competitions because they can easily lose their capital if they're not gonna be careful, sometimes this kinda of competition turn out to be a scam. I just recommend people to search alot about this competition and reading people feedbacks about that before joining.

[its-a-me-mario]

I personally say no. Why.? if you are only a trader with small funds. You will only get a loss from competition trading. because the price is controlled by large coin holders. in addition it is a strategy to create opportunities for investors to sell their coins when purchasing at ICO. then the price will always fall. several times I saw that, and finally coin lost value. the rules for winning the competition are those who have the biggest transactions (buy and sell) so, I think those who have the biggest funds will buy and sell back quickly. so as not to lose and keep winning in the competition.

Nailed it. This is a marketing tactic for the exchange and a way to create liquidity where there wasn't before, which provides an opportunity for people to dump their bags when they couldn't otherwise (or at least not all at once). I wouldn't participate in these unless you're one of the bigger bag holders.

[South Park]

There was actually a trading competition a month back for a discord that I frequent. Its called Crypto Cartel and it had like maybe 15 entire or so.

You had to put in like 0.01 BTC to enter the competition and the results were pretty bad. Basically the top 3 made a very small profit and the 4-5 spot lost money but since they lost less than the 6-15 spots they actually made money from the pot.

I think the #1 trader made like 0.07BTC and the other 2 made very little from a 0.01BTC starting balance, the rest were all loses.

So its possible to make money this way because most traders are bad traders.

If anything trading competitions are a great way to take a close look at your competitors, think about this out of 15 traders only 3 made money, that is only a 20%, which is close to what many statistics say about the profitability of traders, someone that did nothing would have won the 4 place in the competition, and if the competition had been for a longer amount of time I am sure the number of losing traders would have been even higher, more than anything trading competitions are an endorsement for long term holding.

[ReiMomo]

I would rather join basic trading than the competition trading because it requires for you to have a massive amount of initial capital in order for you to survive the competition. That is very risky for a trader who did not do your own research. If you have a small capital don't attempt to join on competition in trading because you end up nothing. Just hold as much as you can for less risk and a safest way in investing bitcoin and for sure profit.

[Harlot]

Yes it's a good way to earn a few extra cash but keep in mind the risk you will be taking in order to keep up with the competition? Remember your main reason in entering in the crypto market is to trade and earn some money and not to enter in a competition where you are facing a lot of competitors, focusing on the competition itself and not your own trade would just risk you on losing more money and it will reflect badly in your portfolio. If you are entering in one of their competition remember that you shouldn't focus on defeating your opponents but you should focus more on your portfolio and your own trading strategy.

[royalfestus]

What do you mean by trading competitions? Getting ahead over the others by range of profit? Well it is good in a sense of you'll be forced to do exert your full effort and knowledge in trading. Though the risk in it is that it would be quite tough to monitor and minimize your loss 'cause you're been set to maximize on what you can do in such competition.

it means the typical trading competition launch by exchange whenever there is a new token listing. This competition requires a trading volume is able to win. You must consider first that this competition is design for whale traders so if you are a small-time trader then don't waste time and effort to participate because whales will just trade there balance back and forth to their second wallet to sustain huge trading volume during the competition while minimizing their expenses on trading fees. Most of the competition consider only the trading volume and not the profit range. That's the sad part on this one-sided tournament of exchanges

he didn't mean the question cause his later response doesn't look like he doesn't know what trade competition means.

I have never tried trading competition but this expository thread does not encourage getting involved at all, it looks more of wash trade. It is advisable to avoid it and not profitable to a large percentage of those involved especially those that were not involved in the private sale or seed.

[Bohxz M4p4gm4h4l25]

hello crypto heroes.

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?

It is. Through this marketing strategy, both traders and exchanges earn and benefit IMO. Although an exchange gives the reward regardless of its participants, the potential volume of the trades on their exchange could expand/increase exponentially in a short period of time. On the other side, professional traders could be encouraged to trade at his best thus he could be able to get the reward.

hello crypto heroes.

The agenda is how it's possible to earn some money through trading competitions and what are risks?

It doesn't make much difference in terms of risk for them because participants in this kind of competition use to do it with or without it. The competition is just a bonus profit for them if they win; if not then it's still fine because the potential profit you can make money in margin trading is more than the allocated competition reward.

[Shasha80]

In my opinion trading competition is not the best way to make money, because trading competition is profitable only for
big traders who have a lot of capital. Trading competition also used several exchanges to increase the volume of some coins,
in order to make certain coins pump. Trading competition is very risky because they have to compete with big traders, the winner
is determined by who has the biggest transactions that will win. This will be dangerous for the participant not having large capital
will be a victim, even could lose all the capital owned. My advice avoid trading competition for those who do not have large capital.

[marcous]

trading competition is riskier than trading in general what else for those who have capital that is not too large I guess. And yes, it is very likely that the trading competition only attracts the volume of the exchanger. Because trading competition is mostly done by new exchangers. I'm not interested in trading competitions, to be honest. You could have made a profit from the competition but it's better to take a small percentage when taking a profit I guess!

[Dart18]

I hope it is that easy.
It is almost the same with gambling competition.
The difference though is that it is being earned by those who gamble.
A percentage of it is going to the pot until a certain time where it will be divided to the largest staking gambler.

Almost the same but the difference is trading is a difficult thing to make profit.
It takes some time if it is an altcoin. You will have to risk too much.

[wajik-tempe]

hello crypto heroes.

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?

i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.

Please Note: it's not our agenda what is purpose for these trading competitions.


The agenda is how it's possible to earn some money through trading competitions and what are risks?

Please share your thoughts and Your experience below,

i believe it will be very helpful for newbies, and also for those are not familiar with.

Why I'm asking here?
The Reason is: BTT is world's biggest Crypto Related Form so why not to discuss every single thing about crypto,


I will be very thankful to all of you guys if you also share your tips and tricks.  

I think if it's made by the exchange itself it will be easily manipulated by the exchanges or a group of people who can "play" with the exchanges.
I think it's only worth if the trading compitition is held by external source from the exchange and held the competition volume exchange like binance so they can't pump and dump a coin to win the competition

[matchi2011]

I hope it is that easy.
It is almost the same with gambling competition.
The difference though is that it is being earned by those who gamble.
A percentage of it is going to the pot until a certain time where it will be divided to the largest staking gambler.

Almost the same but the difference is trading is a difficult thing to make profit.
It takes some time if it is an altcoin. You will have to risk too much.

Trading is not that easy but for those who have good knowledge and understanding, this kind of competitions will be an additional bonus
while they are doing their business. you are correct with the concept same with gambling competitions as everything is about winning and
trying your best to achieve your goals. Having a correct view will keep you positive to aim winning the rewards.