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By James Blacker, Benzinga
One of the biggest hurdles for aspiring traders to overcome is navigating the steep learning curve of the markets without putting too much of their own capital at risk. Trading can take years of practice to master, and even the most gifted traders can expect to make many mistakes and suffer big losses along the way. Diving headfirst into the market with no safety net is never a good idea, and the fear of losing money is often enough to deter someone from ever learning to trade.
But one company has come up with a new way to get into the trading game – a platform where you can develop your skills and build confidence without significant financial risk. BullRush says it is a first-of-its-kind fantasy trading platform that gives traders hands-on experience of the markets in a competitive and social environment. With entry fees starting as low as $5, it is accessible to virtually anyone.
Why BullRush Is Different
Traders who are just starting out often turn to prop firms, drawn by the promise of trading capital if you can pass their multiple evaluations. However, the cost of prop firm challenges can be very high, and with strict rules and trading parameters, many people who take these tests end up failing anyway. Even if you do manage to get funded, the structure of prop firm trading is largely focused on reaching goals more than trader development.
Traditional trading simulators and demo accounts are another option for beginner traders. They can be helpful for practicing in a risk-free environment, but because the stakes are low, they often fail to replicate the emotional aspects of live trading.
BullRush, on the other hand, says it offers something unique. By pitting traders against one another in a variety of games and tournaments for real prizes, it combines relatively risk-free trading with a level of excitement and intensity that mirrors real money trading. By competing against each other, traders are motivated to stay on their toes, constantly improving and refining their trading strategies.
BullRush is a dynamic platform that brings traders of all levels together not only to compete but also to collaborate. The social aspect adds an element that further sets it apart from run-of-the-mill demo trading platforms and enhances the experience. Through the BullRush Discord, traders can share tips and strategies, learning from how others approach the markets. This community aspect turns a typically solitary activity into a shared one with the goal of creating a more engaging experience.
How To Join The BullRush Fantasy Trading Game
So how does the BullRush platform function in practice? The process to get started is simple:
Sign up: If you are over 18 and live in one of the regions BullRush is authorized to operate in, you can fill in the registration form on its website. From there, you can choose the competitions, tournaments, trivia and challenges (coming soon) you want to join.
Register for competitions: BullRush offers more than 10 different types of competitions, some free to enter and others with nominal entry fees as low as $5. These include games focusing on forex, crypto, indices, metals and oils. Competitions vary in length from single-day games to month-long tournaments. You can register for as many as you like.
Fantasy trade: Once your competition has begun and the clock starts ticking, you can open the trading platform and start trading in your demo account. Using credits, you will compete against other traders in real-time markets.
Track your performance: You can see how you and your fellow traders are stacking up against each other by keeping an eye on the competition leaderboard.
Win prizes: If you make it to the top of the leaderboard, you can win cash prizes, as well as XP and other rewards.
BullRush is not simply a trading simulator; the company’s aim is to create an exciting, competitive space where like-minded traders can get together and push each other to improve while gaining trading experience in live markets with lower risk. With entry fees starting at just $5, anyone can get involved.
Think you’ve got what it takes to take home some prizes? Check out the BullRush fantasy trading platform here!
Featured photo courtesy of BullRush.
This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.
Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.
This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.
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