The ForexBall 2012 competition ended the three happy winners (out of 150) received a prize of $8000 for immediate withdrawal.
More details are below. Thousands of traders began the competition.
Tallinn – Two weeks of intense competition came to an end, and three happy winners emerged: The 150 best traders of the 2012 ForexBall competition, held by the Admiral Markets Group, met for a final showdown to determine the 2012 ForexBall Champions in late December. The finalists were the most successful traders of the more than 12,000 ForexBall participants in 2012.
As the winner emerged the 36 year old Fuwen Wang from China, who generated a profit of $86,654 in only two weeks. Runner-up was Dmitry Sorokin from Russia with a profit of $70,116. On the third rank follows Rimon Edward Farah Shenouda from Egypt, who generated a profit of $67,109. The ForexBall Champions won prizes of $5,000, $3,000 and $2,000 respectively, all available for immediate withdrawal.
“I entered the competition for training purposes mostly”, says ForexBall champion Fuwen Wang. “As participants are not trading with real money in the contest, there is no actual risk – it’s ideal for gaining some trading practice.” Dmitri Laush, Executive Vice President of the organizer Admiral Markets Group adds: “In the two weeks each round lasts, participants can test new strategies, improve on their current ones, and trade as risky as they never would with their own accounts – in the end, there is no risk of losing money. Instead, every round holds new experiences.”
The ForexBall is held in four standard rounds throughout the year, and one finale at the end of the year. All participants started with $5,000 of demo money in their Admiral Markets demo accounts and had two weeks to trade. The best traders of each round won money prizes and a ticket to the final round. The total prize pool distributed counts $80,000, all available for immediate withdrawal.