Thousands of traders fight for the title of Forex Fight 2 Champion – and $130,000 rewards

More than $130,000 in prize money, ten Eastern European countries – and only one winner: Starting November 5, 2012, thousands of players will compete in the Admiral Markets Group’s second Forex Fight trading contest for the title of Forex Fight Champion and generous prizes. Registration is open from today.

Following the great success of the first Forex Fight earlier this year, the Forex Fight Revenge is held between traders from ten Eastern European countries, namely Bulgaria, Croatia, the Czech Republic, Hungary, Moldova, Poland, Romania, Serbia, Slovakia and Slovenia. Each country is represented by a professional Mixed Martial Arts (MMA) fighter – for Serbia, Aleksandar Rajacic is holding up the banner.

"Forex trading and Martial Arts have a lot in common," Rajacic says and adds: “Just like MMA, the Forex market has no case – only the best will win. Those who spend hundreds of hours training will work out the winning investment strategy.”

The Forex Fight 2 is a trading competition carried out on Admiral.Pro Demo accounts in four rounds. At the beginning of each round, every participant receives a starting capital of $5,000 in their demo account – and has one week to make the most of it. At the end of each round, the most successful traders are awarded ranking points. The players with the ten highest ranking point positions of each country will meet in the final round in December.

“The Forex Fight is the perfect training opportunity for traders to test different strategies”, says Bartosz Bielec, Regional Director for Eastern Europe at the Admiral Markets Group, the organizer of the contest. “As each round only lasts one week, contestants get a fresh start every week to improve on their strategy or explore entirely new ones. Participants should keep in mind: You need just one good result to make it to the top and be a part of the finale – so even trading in just one round can get you a ticket to the final if you are well prepared.”

Competition is high in the Forex Fight:

“Players don’t only compete with other contestants from their country, but trade against different countries in their group. In the final, they face competitors from other Eastern European areas – competition is intense and the stakes are high”, Bielec adds.

Traders fight for different prize pools in the Forex Fight 2: In the final round, a reward of $100,000 in a managed account awaits the winner together with the title of Forex Fight Champion. Admiral Markets gifts will be awarded to the 25 best ranking players in Grand Finale. Furthermore, there are prizes for regional winners: The ten participating countries form three groups; the most successful trader of each group will receive $10,000 in a managed account. Additionally, the 25 best ranking Forex Fighters of each group will receive rewards, including smartphones and Admiral Markets gifts.

The Forex Fight trading competition is held for the second time. It is carried out in four standard rounds in November 2012, with every round lasting for one week. Each round, the players with the top ten ranking point positions in their region win a ticket to the final round – at least 100 traders will fight for the title in the Grand Finale. In the first Forex Fight that took place in April and May 2012 more than 15,000 players participated. The winner, Katarina Bernatov from Slovakia, achieved a 525 per cent rate of return in the final.

The Forex Fight is organized by the Admiral Markets Group. With 12,000 active clients and a total monthly trading volume of $35 billion, the Admiral Markets Group is a leading online Forex trading provider, as well as an emerging trading platform for precious metals, CFDs, stocks and fossil fuels. Since its foundation in 2001, the Admiral Markets Group has continually expanded its range and reach. In 2011 alone, the company experienced a growth of 70 percent. Today the Admiral Markets Group offers its services in 35 countries worldwide through its regulated trading companies, with Admiral Markets AS and Admiral Markets PTY holding licenses in the EU and Australia respectively. The company employs a staff of around 200 people globally. Recognizing its growth and success, the Admiral Markets Group was awarded the "Best FX Broker for the Baltic Region" and the "Best of the Best" Award by The New Europe magazine in 2012.