Traders should observe a few things well in advance before participating in a trading competition. I must agree that traders should first observe the rules of the trading competition well without relying on the words of others. If the trader initially considers the competition to be legitimate and if it is within his capabilities, then he can participate. There can be both good and bad things, but the trader has to take the decision after considering it.
Yeah, if you do not know the full rules then you are going to end up with bad results. Or at least you are going to end up with less than you assume. The better approach would be not even go into trading competitions if you do not have a vast wallet, because if you are not rich enough, the results will be disappointing.
Many people end up with bad results, and they do not know what they should be doing, and because of that, they end up with returns that will not be great. If we do feel like we should at least give it a try, we should at least lower our expectations, that way even if we do not do great then we didn't expected to do great anyways. This should be the way to move, and could give you a greater outlook on trading competitions.