Has Trading Competitions competitions led you to challenge your skills?

[R1dwanRz]

I think a lot of you traders can relate to me, ever since I joined this space in 2018, I have been struggling to make one trade or even a transaction. It doesn't matter if it was USDT p2p or anything.
I took so much time that I didn't even get to make profits that I hold but rather I lost a lot, But basically, it was my fault that I didn't really dig deep into it. Many of you are researching, checking project news, and familiarizing yourself with the charts. These three factors were not in my mind.
Years passed by, I learned to do much better than my newbie days. I gotta show my respect to all of the newbie traders here in the forum, cos I was in the same place as you and it didn't make me professional in an instant. It took me years to do what crypto traders would do to trade and make a profit

I have some friends that taught me how to trade much better, I am not sure if you guys were into trading competitions. I was partaking in some kind of annual trading competition called KCGI last year, that included demo trading & copy trading. That required my friends and me to create a team and we actually did some good trading volume in order to win rewards.
I learned that I would do demo trading and try my trades better, over time it was effective, as well as with copy trading.
There's a lot of trading competitions I joined in to get myself more into trading. I can't name them all but there was Bitget's KCGI, Binance Futures Tournament ,  WSOT by Bybit  Well of course, I didn't really care about rewards, but I once won something from Binance futures last year from doing futures copy trading.

If you guys really wanna get into them, then I think there'll be more crypto trading tournaments this year. You just have to be sensitive to announcements and have courage to participate ahah. Any experience about trading tournaments, let's hear your view.

[Rruchi man]

Competitions and challenges can be good to challenge your skills and motivate you to want to improve in trading.

 But you should be careful too because if you try to partake in any of this kind of competitions before you are actually ready for it, you may actually just be preparing yourself to get depressed maybe from loosing in the competition and by thinking that there's probably too much in trading that you don't know and will never be able to learn because of some untrue reason etc.

Do not put yourself under pressure to compete with anyone.

[benalexis12]

Through competitions, it is also possible that you show here what skills you have, and it is also possible that the reason is to prove to yourself that you can keep up with others to show the skills that you can also win.

But you should also remember that there are participants in the competition who are so proud of themselves that when what they expect does not happen, it becomes a way for them to fail to achieve their goals, which is the reason for stressing them out. Instead, it would have been just sports.

[freedomgo]

Competitions and challenges can be good to challenge your skills and motivate you to want to improve in trading.

 But you should be careful too because if you try to partake in any of this kind of competitions before you are actually ready for it, you may actually just be preparing yourself to get depressed maybe from loosing in the competition and by thinking that there's probably too much in trading that you don't know and will never be able to learn because of some untrue reason etc.

Do not put yourself under pressure to compete with anyone.

Trading is never a competition in all honesty, but if joining trading competitions will help you to improve your trading potentials, then go. Don’t deprive yourself to get challenge, but make sure that you are ready to lose as well. Trading has more on losses than gains, most particularly for beginner traders, but if you have sufficient experience in trading that makes you a competent and competitive one, then accept the challenge and trade responsibly.

[Iamcrypticguy]

I think a lot of you traders can relate to me, ever since I joined this space in 2018, I have been struggling to make one trade or even a transaction. It doesn't matter if it was USDT p2p or anything.
I took so much time that I didn't even get to make profits that I hold but rather I lost a lot, But basically, it was my fault that I didn't really dig deep into it. Many of you are researching, checking project news, and familiarizing yourself with the charts. These three factors were not in my mind.
Years passed by, I learned to do much better than my newbie days. I gotta show my respect to all of the newbie traders here in the forum, cos I was in the same place as you and it didn't make me professional in an instant. It took me years to do what crypto traders would do to trade and make a profit

I have some friends that taught me how to trade much better, I am not sure if you guys were into trading competitions. I was partaking in some kind of annual trading competition called KCGI last year, that included demo trading & copy trading. That required my friends and me to create a team and we actually did some good trading volume in order to win rewards.
I learned that I would do demo trading and try my trades better, over time it was effective, as well as with copy trading.
There's a lot of trading competitions I joined in to get myself more into trading. I can't name them all but there was Bitget's KCGI, Binance Futures Tournament ,  WSOT by Bybit  Well of course, I didn't really care about rewards, but I once won something from Binance futures last year from doing futures copy trading.

If you guys really wanna get into them, then I think there'll be more crypto trading tournaments this year. You just have to be sensitive to announcements and have courage to participate ahah. Any experience about trading tournaments, let's hear your view.

I believe trading competitions are a test yourself, cos you'll be operating under pressure, pushing your boundaries and sharpening your skills and gaining experience. It takes courage to participate though 👍 to you. So you can keep going for it. There's another edition of Kgci, it's already trending.

[Dr.Bitcoin_Strange]

When you don't know about trading at all, how can you even know how to cope with trading competition? You will probably just be like a novice who is handed a keyboard to play for the congregation. When I first heard about trading, although it was Forex trading, I thought it was just some simple thing I could do and make huge money with, but after I lost some money with it, I just realized that it's something you have to properly learn about the principles involved, learn about the tools to use, and learn how to develop your trading strategy. Trading is not so simple that you can know how to trade after engaging in competition. You even need trading knowledge to be able to join the competition. 

[stomachgrowls]

When you don't know about trading at all, how can you even know how to cope with trading competition? You will probably just be like a novice who is handed a keyboard to play for the congregation. When I first heard about trading, although it was Forex trading, I thought it was just some simple thing I could do and make huge money with, but after I lost some money with it, I just realized that it's something you have to properly learn about the principles involved, learn about the tools to use, and learn how to develop your trading strategy. Trading is not so simple that you can know how to trade after engaging in competition. You even need trading knowledge to be able to join the competition. 

It would really be just that suicide if you would really be tending to trade without even that proper knowledge or awareness of it. Trading competition is of course would really be into those traders who are really that actually knows about on how to trade. It would be called competition in the first place because this is in between into those who are really that good in doing trades. If we do speak about into those bonuses and perks
then it would really be something that interesting but if you are still a noob then its less likely that you would really be that interested with these things considering that you would really be that not much in concern
because you are aware that you are really that indeed lacking the sufficient skills in go toe to toe with other trades.

On the moment that you do already get such skilsl then you would really be able to feel up that kind of confidence but of course it wont really be an assurance that it will
really thatm ake you go into the top. It would really vary on how well you do handle up yourself into this kind of condition.

[Rockstarguy]

Trading competition won't be bad for traders who already have better knowledge in trading , this competition can also help in upgrading trading skill to get a better result. I know competition plays a good impact in people's skills but when it comes to trading competition won't be good for those that are still learning trading , instead it is better for them to take their time to learn first and never to compete with anybody. Let competition just be for experienced traders that understand what trading is all about.  For me I don't think I'd like to go for any trading competition because trading is unpredicted sometimes . Things that are not very certain no need to go competition with other people.

[Maslate]

Competitions and challenges can be good to challenge your skills and motivate you to want to improve in trading.

 But you should be careful too because if you try to partake in any of this kind of competitions before you are actually ready for it, you may actually just be preparing yourself to get depressed maybe from loosing in the competition and by thinking that there's probably too much in trading that you don't know and will never be able to learn because of some untrue reason etc.

Do not put yourself under pressure to compete with anyone.

It’s good to participate in some competitions and challenges because that will boost your interest and confidence to become a good and successful trader. If others are capable to do that, then that means you yourself will also be able to do that in the long run. However, trading have its own inevitable losses that will occur more most especially if you are still starting to learn. Just accept the reality that trading is not all about success and profits but also mistakes and losses as well. But if you have the impressive skills and strategies, then winning your trades consistently might be certain.

[goaldigger]

Trading competition won't be bad for traders who already have better knowledge in trading , this competition can also help in upgrading trading skill to get a better result. I know competition plays a good impact in people's skills but when it comes to trading competition won't be good for those that are still learning trading , instead it is better for them to take their time to learn first and never to compete with anybody. Let competition just be for experienced traders that understand what trading is all about.  For me I don't think I'd like to go for any trading competition because trading is unpredicted sometimes . Things that are not very certain no need to go competition with other people.

Trading competition forces you to do good and make good profit, this can be good if you already have a good skills and knowledge about trading but for beginners, this might be risky because you will rush to learn things and you might missed important lesson because of being in a hurry. I tried to join trading competition before, it was fun and challenging, good traders always be on top and that’s why they make good profit and win title at the same time.

[Cryptomultiplier]

Competitions and challenges can be good to challenge your skills and motivate you to want to improve in trading.

 But you should be careful too because if you try to partake in any of this kind of competitions before you are actually ready for it, you may actually just be preparing yourself to get depressed maybe from loosing in the competition and by thinking that there's probably too much in trading that you don't know and will never be able to learn because of some untrue reason etc.

Do not put yourself under pressure to compete with anyone.

It’s good to participate in some competitions and challenges because that will boost your interest and confidence to become a good and successful trader. If others are capable to do that, then that means you yourself will also be able to do that in the long run. However, trading have its own inevitable losses that will occur more most especially if you are still starting to learn. Just accept the reality that trading is not all about success and profits but also mistakes and losses as well. But if you have the impressive skills and strategies, then winning your trades consistently might be certain.

I have read about competitions between both newbie, old timers and traders without funds but with the skill, on some funded trading sites and the competitors are required to have simulated accounts that they should have kept active for a time, the winners also will have to be given funded accounts of theirs and some other rewards according the site rules on which the competition is registered.

Besides these funded trader sites I have come to know about, any other trading competition is enough to sharpen both a newbie and old timers skill, whether they win or not, unless a potential trader hates competition on their own and prefer to trade and improve at their own pace.

[mirakal]

When you don't know about trading at all, how can you even know how to cope with trading competition? You will probably just be like a novice who is handed a keyboard to play for the congregation. When I first heard about trading, although it was Forex trading, I thought it was just some simple thing I could do and make huge money with, but after I lost some money with it, I just realized that it's something you have to properly learn about the principles involved, learn about the tools to use, and learn how to develop your trading strategy. Trading is not so simple that you can know how to trade after engaging in competition. You even need trading knowledge to be able to join the competition.

This is the reason why we should acquire knowledge and experience at first before trying to pursue our passion in trading. Trading without setting a foundation first will only come into a waste of time and money. Therefore we should avoid it. However, if you have learned the basic skills and strategies already in trading, then challenge yourself and get involved with trading competitions, not actually to make an edge over the others, but to gain more experiences that will harness your own potentials in trading.

[R1dwanRz]

When you don't know about trading at all, how can you even know how to cope with trading competition? You will probably just be like a novice who is handed a keyboard to play for the congregation. When I first heard about trading, although it was Forex trading, I thought it was just some simple thing I could do and make huge money with, but after I lost some money with it, I just realized that it's something you have to properly learn about the principles involved, learn about the tools to use, and learn how to develop your trading strategy. Trading is not so simple that you can know how to trade after engaging in competition. You even need trading knowledge to be able to join the competition. 

I guess I didn't include that I didn't engage with real funds in my post. actually when I was participating, I was in both demo copy & future trading in competition, these things enhanced my trading proficiency and efficiency and especially because it was more like challenge with trading competition. I know in general, there is demo trading, but what makes it interesting when there is no status of you being top 50 ? I find it more engaging when there's a leaderboard or ranking system to track progress. That's what I was trying to convey.

there are many ways to learn trading, and this was just one learning experience for me.

[Saucemann]

While trading competitions can incentivize strong performance and reward skilled participants, their fast-paced nature can be detrimental to beginners. The pressure to succeed may lead to hasty learning, potentially overlooking crucial foundational knowledge. However, for experienced traders, these competitions offer a stimulating environment that recognizes excellence and translates into financial gain. From my own experience i was opportuned to join some team for prop firm account trading and also partaking in the Bitget KCGI event reflecting upon this duality; the thrill of competition is undeniable, but ultimately, success hinges on honed skills and a deep understanding of the market.

[Assface16678]

When you don't know about trading at all, how can you even know how to cope with trading competition? You will probably just be like a novice who is handed a keyboard to play for the congregation. When I first heard about trading, although it was Forex trading, I thought it was just some simple thing I could do and make huge money with, but after I lost some money with it, I just realized that it's something you have to properly learn about the principles involved, learn about the tools to use, and learn how to develop your trading strategy. Trading is not so simple that you can know how to trade after engaging in competition. You even need trading knowledge to be able to join the competition.

This is the reason why we should acquire knowledge and experience at first before trying to pursue our passion in trading. Trading without setting a foundation first will only come into a waste of time and money. Therefore we should avoid it. However, if you have learned the basic skills and strategies already in trading, then challenge yourself and get involved with trading competitions, not actually to make an edge over the others, but to gain more experiences that will harness your own potentials in trading.

Exactly, but I also want to add something: even if you have the necessary knowledge and skills, it is very important that you have the experience. Okay,  about trading competitions, even if you know you have the skills and knowledge, do you think without enough experience you will do well in trading competitions? No, because those traders that are participating in trading competitions have intensive experience and years' worth of experience in trading. Without enough experience, a trader will have a hard time because he or she will not be able to do well or most likely will lose in the competition or will lose money.

But yeah, it is a very good experience for a trader to be able to participate in that kind of event because he or she will pick up a lot of learnings and, of course, experience. Anyway, just make sure that you, as a trader, will not take it to heart no matter what the result the result will be.

[jcojci]

I haven't dared to participate in trading competitions because I realize I don't have good trading skills yet. I'm afraid it will make me forget myself and not realize the limits of my abilities in trading. Apart from that, I often experience losses in trading, so if I take part in a trading competition, I could experience even more losses. There will be a desire to always try to recover losses in trading, and that really bothers me.

I prefer to trade as usual to improve my trading skills. Indeed, the prizes that will be awarded in the trading competition are very large, which makes many people interested. But getting into the top ten list is very difficult, so we have to be aware of it.

[HONDACD125]

@OP, what's the relationship between you and Bitget? It seems like you mention the name of the exchange quite a lot:

I've also noticed on CMC that RARI listed on rapidly growing exchanges like Bitget and MEXC.

But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily,

it has already attracted the attention of major cex listings such as Bitget, Kucoin and more.

I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

I'm so glad Bitget P2P is still available for Nigerians.

But interestingly, Bitget and Gateio seem to be bucking the trend with increased traffic, particularly the former with an 11% surge.

Almost all your posts or threads you start have Bitget somehow plugged in. At this point, this makes it pretty evident that you are on a mission to promote the exchange on the forum probably to get incentivized by them or someone else, I don't know. 

[Hypnosis00]

If you guys really wanna get into them, then I think there'll be more crypto trading tournaments this year. You just have to be sensitive to announcements and have courage to participate ahah. Any experience about trading tournaments, let's hear your view.

I have not yet seen an exchange promoting trading competition aside from the exchange (Bitget) that you have said.
Does it look interesting and courageous? No, I feel not because as a trader, we don't need to prove and no point in showing who is a great earner or challenge ourselves to be the top among others. Instead, make it a secret as much as possible, and besides, trading is not a competition in the first place as we are able to excel in trading without showing it to others. Doing this will never give us the benefits because nothing will change us, it is the company/exchange that has it.

Anyway, I just hope that all the traders who join the competition will find it helpful to themselves and their trading journey. It is a matter of choice but I chose to stay out of such things.

[boyptc]

If you guys really wanna get into them, then I think there'll be more crypto trading tournaments this year. You just have to be sensitive to announcements and have courage to participate ahah. Any experience about trading tournaments, let's hear your view.

There is no problem about participating there, the problem is about winning on it since it is a competition. Everyone is aiming to win and wanna get to the top or any place that has a prize.

If you are interested in going on with them, think of it that the participants are just around hundred of thousand.

Yeah, I am being sarcastic because it is possible that there are more.

[blckhawk]

Any competition that would showcase your skill is a good way to challenge what you're currently good at and if you can further improve, that's the most logical thing with competitions, if it wasn't then we wouldn't see a lot of repetition in participants because they probably think that they're at their peak when they finally entered a competition. It will definitely challenge your skill though because in a competition, there's typically a prize or a reward for those that would finish at the top of the competition combine that with the satisfaction of you seeing that you really are at the peak of your skill level.