A forex contest is a competition for forex traders that hosts most of the forex brokers. The aim of the forex contests is to test forex trader quality and experience. Sometimes forex brokers host a contest for both beginners and experienced traders. Every beginner and experienced trader can join this competition but, it is apprentices for beginners and very hard to war with professionals. The contest might be of numerous types, for example, weekly, month to month, mini, micro, and more. The benefit of these challenges gets real money and prizes such as a smartphone, car, and more.