The objective of demo contests is solely to win the prize by whichever way its allowed including reckless trading without any sensible money management.....
There were live contests held previously but the response were egregious. Where were those who complained?.....If you're talking about real trading with sound money management of 20% a month, that would never win a contest. If one do not have the intent of going out of the ordinary by taking greater risk to win the prize then why even bother to participate? What do one aim to get out of it?
Risking money genuinely to win the contest and risking money trading at your own pace with proper money management are very different. If you do know the difference, I really feel sorry for you. Enough said.
No need for you to feel sorry for me. I agree with you this time.
Anyway it's not on us to decide if this is Live or a Demo contest.
This is solely a decision of the broker.
Traders can agree or disagree, and stay away.
For me it would be much preferable to PARTICIPATE in a Live contest.
Then it's a really competitive situation.
I don't want to develop skills for a contest only. Why should a trader who is not crazy do that ?! There is no benefit. Only negative habits to develop...... Bad idea.
For me it's about competing in a realistic situation and NOT about winning.
A trader 'wins' more by developing the right skills.
Demo is almost useless for it. At least this is my experience.
Complexity is expensive, inefficient, and ineffective > Crocodile trading