FX Solutions is at it again with another forex trading Competition. But this one will be bigger than ever. Contestants must have a minimum of $1,000 in their live trading accounts by July 7 and then they will be eligible to compete with thousands of traders across the globe for over 60 cash prizes amounting to $70,000. The grand prize winner is capable of winning up to $30,000. The winners will be announced August 24, 2006. Here are the details from the FX Solutions press release:

All FX Solutions Live Account holders that meet the eligibility requirements will be placed into one of four brackets via random distribution and will compete in three one-week competitions. Five award winners will be selected from each of the four brackets from the Preliminary Competitions. Winners will be the competitors that have the greatest percentage increase in their account. Top contestants from the Preliminary Competition will be awarded amounts ranging from $250 to $1,500. On July 30, 2006, all Preliminary Competition winners will be combined into one bracket for the “Final Competition.” The three traders with the greatest percentage increase will be awarded $25,000 $15,000 and $10,000 respectively.