Thanks, I see the part here—improving on skill I see
Most of the trading competition are based on trading volume, which instantly discourages or kicks out retail traders. Imagine you, with an account of $2,000 competing with someone whose account is worth $1,000,000. You wouldn't stand a chance.
The exchanges also put in other extra requisites like number of referrals, competitions specifically for new registrants or first deposits
I prefer competitions where winners are picked based on percentage ROI.
Almost of exchanges run trading competitions from week to week, month to months, you just have to keep checking up the announcements.
That’s right, the requirements are much must times—though I’ve seen this Diamond Thursday trading event as worthy of participating—like I’ve been consciously following up this event as it’s on weekly basis—maybe if it plays out fine I will revert back on here too to check out others
I wish to know if there are any other trading competitions with good number of participants so maybe I check them out?
These trading competitions is profitable, but sometimes it is not always transparent. You can win and be denied your rewards by displaying you or so on because CEXs cannot be trusted because manipulation is possible.
Most of the trading competition are based on trading volume, which instantly discourages or kicks out retail traders. Imagine you, with an account of $2,000 competing with someone whose account is worth $1,000,000. You wouldn't stand a chance.
This is right, a trader that has a deeper pocket will easily beat you even if you are the best trader that's chasing the cash prize for that competition.
I feel it’s more better trading solo.
It is better because you'll not bother yourself thinking about any competition at all. All you need to do is to win those trades and make all of those gains. No chasing, just pure profiting and winning your trades.
It'd be great if trading competition is based on ROI instead of trading volume because we all know who gonna win so it's kinda a massive waste of time.
But we also know that exchange won't benefit from the trading fee if that were the case.
Honestly, I just not interested in trading competition anymore. Fortunately, so many exchange reward trading new coins these days so I prefer that.
Like seriously, their are CEX competitions that are not worth participating in—checking out this Bitget diamond Thursday trading event—airdrops worth $s are also rewarded—that’s was my catch