Trading campaigns helps level up trading for traders

[jrrsparkles]

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading.

The only intention of such a campaign is to make everyone to trade more which is obviously going to bring more profits to the platform cause more fee/more commissions and more fee in withdrawals. Don't you eve think that you should trade more to get the prize because it obviously going to be end up in the hands of a big trader/whale who can create a volume in millions with just one trade.

It was not a problem as long as they were following the rules and in good intentions. Of course, the site will get more benefits from doing but of course, the winning trader would also take their prize while those who are not will also gain experience and additional learning. It is up to the trader if they will join, in fact, this is not a urging situation but just an opportunity. Those traders who find it beneficial will fairly make their choice to join but doubtful traders will not.
In the end, it is a sort of hyping of their trading platform and encourages traders to learn more.

Trading with $1000 is completely different from trading with capital of $100K that's why I said focusing on getting the rewards of trading competition which is solely based on the trading volume. It is just a win for the platform not for us, we just have to stick to our plan even if we are making progress gradually which is lot better instead of going hard and losing big.

[1715539331]

1715539331

[milewilda]

Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits

When running up a business like being an exchange owner or broker or whatsover then it would really be just that normal that you would really be giving out those kind of perks or some sort of promotiosn and those kind of competitions on which winning up a particular prize. This would really be that spark up someones interest and would really be that dedicative on trading up more which means that the more volume that a trader would really be creating then this do talks about having more bigger revenue when it comes to trading or makers fee on which its not really that shocking that they would really be aiming for more because that brings up more money.
Those prizes has been set will really be that might be looking that generous but actually this would really be that acting to make things even more interesting but in behind then its really just that a lure up
for people to trade even further or more on which its nto really that something new when it comes to business mindset and its really just that a normal approach on having this one.

[el kaka22]

These could "help" for some people, but it is not really a must, and there are a lot of people who are so big and better than most people will not get anything out of it as well. I personally try to trade for myself and only for myself, nothing else matters to me and I rarely ever make money during this period obviously, so I do not care about the other campaign stuff or competitions or anything else for that matter. I get that it may feel like it is going to get a lot worse, but we should probably just be happy with what we have.

I believe that we are going to have something troublesome eventually, that has to be the most important part. I am aware that we are going to face some troubles with time, we just need to be patient about it and grind through all of that.

[wxa7115]

Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits

Do not fall for this, if you are a good trader and you have a capital that is high enough, you will be able to afford those luxuries on your own without depending on those incentives.

The only ones that could possibly be attracted by this are those that know they are not good enough to beat the markets, but still want to get something out of their efforts, but they are just deceiving themselves, as in order to qualify for those rewards, they will have to lose way more money than what it could have cost them to buy those items with cash.

[Suman1]

True, various kinds of listing events and trading campaigns indeed encourage users to trade in a marketplace that's why traders need to find such platforms that are regularly offering activities with their new listings. TBH trading competition is now considered a traditional event so not only Trading competition but also to organise other relevant activities that can boost user's confidence and level up his experience. I can name a few exchanges that are following particularly because of their exciting events aside from trading competition are Bitget, Gate, Kucoin, Mexc etc. Also, most of the events, if being organised by any exchange are from Bitget, from my recent observation they're likely to offer 2-3 activities like CandyBomb, Deposit Rebate, and Giveaways with each new listing project.

[dunfida]

Traders mostly enter the markets to make profits or accept losses. But these days, trading platforms incentivize traders with attractive rewards and events.
An example is this event which offers lucrative prizes like Louis Vuitton bags, Rolex watches, and even a Tesla car for achieving higher trading volumes.

So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits

Do not fall for this, if you are a good trader and you have a capital that is high enough, you will be able to afford those luxuries on your own without depending on those incentives.

The only ones that could possibly be attracted by this are those that know they are not good enough to beat the markets, but still want to get something out of their efforts, but they are just deceiving themselves, as in order to qualify for those rewards, they will have to lose way more money than what it could have cost them to buy those items with cash.

True, you should be having this kind of realization but somehow its not really that bad to make these things to be your inspiration or something that would be pushing you. Its not bad on having an aim specially if the said prizes or reward is something interesting. The only thing that you should really be needing in mind is that you shouldnt really be finding yourself that lose your composure and patience on which we know that once that
desperation would really be kicking in then it would really be that so damn hard for you to control it out once you do have that lacking of self awareness on how reality works.

Doesnt matter if there would really be those promotions as long you are really that doing well with your trading then this what matter the most.Its not bad on having that kind of aim or target
as long it doesnt really disrupt your concentration when it comes to your trading analysis then i dont really see any issues with this. You can really be able to proceed out without
having any intervention with those things on which it would really be just that a normal approach to have.

[kentrolla]

These sort of campaigns only creates more greed in the mind of trading and they end up making wrong trading calls just to meet the volume target. This seems like encouraging the trading but infact it's just a technique to pool in more funds from the investors to increase the trading volume in the platform. Ths doesn't bring best out of the traders rather brings in more funds for platform.

[Yamifoud]

These sort of campaigns only creates more greed in the mind of trading and they end up making wrong trading calls just to meet the volume target. This seems like encouraging the trading but infact it's just a technique to pool in more funds from the investors to increase the trading volume in the platform. Ths doesn't bring best out of the traders rather brings in more funds for platform.

It can't be denied that the platform earns more benefits from this campaign. However, this will also encourage traders to be more knowledgeable in order to win the competition. I don't think this will end up making wrong calls if they were able to act carefully, and the aim of winning. Otherwise, it makes no sense to join the competition. What I see with this is that it brings out the best possible strategy that a trader can do.

Importantly, we know and are aware of how the competition rolled out.

[Lanatsa]

These sort of campaigns only creates more greed in the mind of trading and they end up making wrong trading calls just to meet the volume target. This seems like encouraging the trading but infact it's just a technique to pool in more funds from the investors to increase the trading volume in the platform. Ths doesn't bring best out of the traders rather brings in more funds for platform.

It can't be denied that the platform earns more benefits from this campaign. However, this will also encourage traders to be more knowledgeable in order to win the competition. I don't think this will end up making wrong calls if they were able to act carefully, and the aim of winning. Otherwise, it makes no sense to join the competition. What I see with this is that it brings out the best possible strategy that a trader can do.

Importantly, we know and are aware of how the competition rolled out.

It does have its cons and do have its own benefits on which its true that on the time that they would really be joining up a competition then they would really be doing their very best on going to the top on which it would be a common approach that they should done well in regarding about into their trading activity and should be making out adjustments on whatever condition that you would really be able to encounter. It is really just that normal that you would really be gotten serious on the time that you would really be on such condition on which it would be a normal approach and reaction to have.
Just like on whats been mentioned above that exchangers or platforms such as these are indeed business so to make things a bit more interesting and would be making themselves creating some noise about their existence then they would really be making out these kind of interesting and generous competition and its prizes so that it would lure down traders to make use of their site and since we do know that they are making money with those fees then this is everything about business on which its normal..