Forex Stars at ForexStars.com is a competition site. Here you can compete against other Forex traders by entering competitions and beating other traders. You can win cash prizes. And they make it really easy to just connect using your own broker.
You can connect and compete using the MetaTrader program. This is the worlds most popular Forex trading platform.
Competing in these competitions costs money. The one-time-fees to enter range from $0.10 to $55.
Prize pools vary from $5 to $5000 and these depend on the type of tournament and even the number of winners might vary. The prize money is actually created from the entree fees of the competitors.
But looking at the available competitions, you can see there are no competitors to compete against. All competitions are without any traders playing. This seems to defeat the purpose of the site. And leaves is without an incentive to start playing.
As you can see the process is easy, and the concept is very clear and easy to understand. That is why it is strange not more people are competing.
All in all this site could be a great place to compete against other forex traders free of which broker they use, but first they need to find more people that will want to compete in the first place.
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