Admiral-markets ForexBall 2012 finale champions win $8,000 for immediate withdrawal


After battling for 14 days, it was all over at the ForexBall contest and three contestants stood tall. The 2012 ForexBall tournament comprised of 150 of selected traders who were identified for their talent out of a field of over 10,000 participants. The Admiral Markets Group was happy to crown the 3 well deservd winners.

The winners were given a whopping $5000, $3000 and $2000 for first, second and third place. Of course the winning sum pales in comparison to the profits (albeit virtual) these contestants managed to make in the short span of just two weeks. The winner, a 36 year old from China was able to amass almost $90,000 in profit, an impressive feat on any level. Second and third place was able to generate around $70,000 apiece.

The winner of the event claimed that he decided to contest in order to learn from the trade. Evidently, he has excelled the art of forex trading based on his wins. Now that he has exhibited his skill with virtual currency, his next felt should be for the real version which is not much different as the market reflected the actual market ups and downs in the contest as well. The Vice President of Admiral Markets which was responsible for organizing the contest shares his opinion on the benefit of the event. He reiterates that participants have the opportunity to take risks and stretch their abilities more in comparison to using real money.

The ForexBall event is held all year round with a dynamic and interesting structure. There are four round that are held and participants are selected based on selection until the final round is reached where only about 1% of the field remains. The players start with $5000 of play money and have a period of 14 days. The top players in each round win tickets to advance to the next round. The overall prize money available for distribution as prize money amounts to $80,000.

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