Forex: WFXT Introduces Daily and Weekly Forex Trading Contests

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Forex tournaments are nothing new but promises to change all that offering traders the opportunity to pit their trading skills against other traders in daily and weekly tournaments. (WFXT) announced today that it will be offering forex traders the opportunity to participate in daily and weekly forex trading tournaments starting September 14, 2008. Prior to the grand opening, traders can enroll in a series of daily contests and win a portion of the $2,000 in daily prizes which winners can use to cover future live entry fees.

To date most forex trading contests run anywhere from one to three months. Some require a major deposit and the opening and use of a live trading account and still others require traders to meet a minimum trading volume requirement. WFXT tournaments are different in each and every respect.

Apart from the offering of daily and weekly contests, traders can buy-in to any WFXT trading tournament for as little as $1 USD and qualify for daily, weekly, and monthly prizes as long as their trading activities result in a positive increase during the specified tournament period.

Tournaments at WFXT fall into two major categories - club tournaments and sponsored tournaments. Daily club tournaments feature a progressive payout structure that increases with each new contestant entry. Sponsored tournaments limit the number of contestants and feature a predetermined payout.

As early as October, WFXT will accommodate traders who have developed and/or wish to use MT4 automated trading routines.    

Live tournament standings are updated every five minutes so traders can at any time gauge whether they are in the running. Winnings are immediately credited to the trader's WFXT account and upon request distributed in 7 to 10 business days.

Forex dealers, brokers and/or forex related service providers interested in sponsoring a tournament should direct their inquiries through WFXT's online helpdesk.

At the present time WFXT is not accepting US clients but a company spokesman indicated that company hopes to eventually open tournament play to US traders as well.

Those interested in learning more are invited to visit

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