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$1,000 Weekly FX Competition. Competition runs each week from FX market open at approx GMT 9pm Sunday to close 9pm Friday. $1,000 prize for the trader who predicts the 5 best performing currency pairs, in the correct order, from a menu of 18. Entry fee only $5 USD. Please see 'Weekly $1,000' page for more details. The Forex Market The Forex market has quickly become the world's largest financial market, with an estimate daily turnover of $3.2 trillion. It is a market that has great appeal to a financial trader because of its volume which guarantees liquidity. High liquidity means that a trader can trade whatever currencies he feels like at all times, since there will always be someone to buy and sell any currency he wants. Another outstanding feature of the forex market is that it is active 24 hours a day and is closed only on the weekends. This means that unlike the stock market for example, traders in the forex market don't need to wait for a bell to ring, but can make trading decisions around the clock. Enter the internet into the equation. Now the forex market is literally at your fingertips. Most brokers offer online trading facilities which enable you to trade simply by clicking a button, instead of the traditional phone call. The internet has really revolutionized the industry, making the retail section of the market more dominant than ever.
Go to the Links page for useful news and information sources or download eToro software via any eToro link on this site for more information on how to access the Forex market. Alternatively you can access an excellent and comprehensive report (large file, slow download) here, written by the United States National Futures Association which explains in great depth the Forex industry and the risks associated with Forex trading. FX Robot If you would like an FX 'Robot' to do your trades for you combine one of the automated programs via the link opposite with an account at HY Markets as they offer a compatible platform. Instructions and tips on how to add the Robot to your platform are provided and easy to follow. Make sure you download the HY Markets platform (the Robot won't work with the web access account) and open a Premium account as it offers the lowest spreads which maximise your profit. Please email FX@ProgressiveFX.co.uk if you have any questions. | Welcome to the ProgressiveFX.co.uk website. We provide traders with useful FX market information, tools, trading tips, market analysis, links to our platform partners and of course access to the most exciting and innovative FX trading competitions available. We also provide international payment solutions, foreign currency mortgages, forward currency contracts and FX advisory services via our partner Baydonhill.
$10,000 New Traders Competition. Competition runs each calendar month. Entrants must open a real money account with eToro via a link on this site, and make their first real money trade. $10,000 prize for predicting the relative performance of 18 currency pairs, in the correct order. Traders additionally qualify for eToro bonuses and competitions, and must abide by eToro terms and conditions. Please see 'Monthly $10,000' page for more details. Tax Free Spread Bets - FX, Gold, Oil, Indices - Paddy Power Financial $5,000 Volume Trading Competition. ProgressiveFX.co.uk is delighted to expand its competition menu offering currency traders the chance to win $5,000. The prize will go to the first trader introduced by ProgressiveFX who completes 500 trades on the innovative and exciting eToro platform before Christmas. To qualify traders need to open a real money eToro account via a banner on this site and execute 500 real money trades of any monetary value before 25th December 2008. Competition opens Monday 20th October 2008. For more information please contact FX@ProgressiveFX.co.uk
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