American forex dealer GFT is harnessing the power of the real-time social networking site Twitter, as part of its new Trading Challenge.
The trading competition, which started Sunday, Feb. 7, is open to anybody who has a GFT account, or sets one up with a minimum account balance of $2,500 (or equivalent).
Within several days of the contest launch, more than 7,000 traders are a part of the competition, and the amount of cash and prizes at stake are generating buzz in the trading community.
“We expect a truly worldwide rivalry of thousands of traders to challenge each other for the top prizes, which include prestige, recognition and rewards beyond their profits,” said Gary L. Tilkin, president and CEO, GFT.
More than $100,000 in cash and prizes will be awarded by the time nearly three-month contest is completed.
The social networking component of the contest is also creating awareness about the competition and the benefits of forex trading.
GFT launched a “Twitter contest” simultaneously with its trading challenge, and is giving away an iPod Touch® and iTunes gift card worth $150 as its first weekly prize!
More than 4,000 tweets were delivered by more than 400 different people using Twitter. Traders and Twitter-ers who are interested can Sign up here. | 
