Paid tournaments: what are they?

Generally, paid tournaments compare favorably with free ones. Here are their main advantages:

• bigger guaranteed prizes and a higher number of prize places;
• you trade on an equal footing with other traders;
• you take lower risks because you start with a higher amount of money on your tournament account. It is much easier to split it into parts and manage it;
• you can afford to make mistakes because of available refilling;
• some tournaments may take up to several days, so there is plenty of time to think it over.

Today we have interesting research studies of how winners use their prizes

We took the data for the last six months and analyzed the people who won tournaments. We made a few discoveries and would like to give some tips:

1. Use various assets for trading!

We repeat this all the time, but still, just a few traders follow this advice. According to statistics, about 55% of winners trade with 2-3 assets simultaneously. There are much lower chances to win while trading with only one or more than three assets at once. It is hard to watch over many assets, so 2-3 are the best option to concentrate on and find out a clear signal for profitable trades.

2. Manage your capital properly!

One of the best options to split your capital is to divide it into parts of 5-20% and use each one separately: invest in different assets and set up various expiration time. 68,5% of winners do this.

3. Try to set up both: long and short expiration time for your trades.

According to the statistics, 65% of winners combine trades with long and short expiration time. 60% OF TRADERS WHO LOSE, ALWAYS SET UP EXPIRATION TIME ONLY TO 30 SECONDS!

4. Stay active.

69% of winners participate in all tournaments actively from the very beginning.

96% of winners stay active at the last tournament hour. We highly recommend you to do the same. People on prize places change very often by the end of a tournament, so if you're active by the end, you can keep it or gain.

5. Do not afraid to invest in your victory.

More than 30% of winners make refills regularly, which is very wise. Each refill never costs more than the prize, so for many traders, it is a good investment, which pays off.

I hope these insights were useful to you.

We expect to see you in our next tournaments. Follow all notifications and e-mail newsletters - very often we give invitations to top-paid tournaments for free!