John Molson School of Business JMSB and Finance and Investment Student Association FISA

1
John Molson School of Business
(JMSB)andFinance and Investment Student
Association (FISA)

• Present
• FOREX Simulation
• Currency Trading

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DISCLAIMER

• The information in this slides are for general
  use only. It is not intended to provide you with
  any personalized legal, financial, accounting or
  tax advice, nor to promote any financial firm and
  / or trading that involves real money,
• Information provided in this slides is believed
  to be reliable when posted and is subject to
  modification without notice.
• FISA, and its executive team are not responsible
  for misuse of information provided in this slides

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What is Forex?

• FOREX (FX) stands for Foreign Currency
  Exchange, which is the largest exchange market in
  the world, equivalent to 1.9 trillion dollars.
  However, FX is not a market in a traditional
  sense. It doesn't have a fixed location of the
  trading floor as, for example, stock market does.
  The trading is done over the computer terminals
  through a global network of banks around the
  world. FOREX transaction is the purchase or sale
  of a currency against sale or purchase of
  another. Volatility, high leverage, hours of
  operations and rich selection of instruments
  attracts traders and investors more and more over
  the past years. With possible investment of
  5,000, account can be doubled within one month.
  However, due to the high risk, traders should
  study all prerequisites before entering this
  market.
• Key Benefits
• Leverage 11 - 2001
• Working Hours 24/7
• Most Traded Market 1.9 Trillion per day
• Minimum Starting Balance 5,000

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What is Forex?

• FOREX Video
• http//video.google.com/videoplay?docid-357087152
  5210516829qwhytradeforextotal1363start0nu
  m10so0typesearchplindex3
• http//www.ibfxu.com/Catalog.aspx Forex Courses
• http//www.babypips.com/school/ Simple courses

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Registration Instruction Orientation Session
September 27, 730-830 pm at GM 302

• STEP ONE
• Go to https//fx2.oanda.com/v1.0/login.html
• Register and create an FXGame account
• Make sure your name will appear as its written on
  your card
• Make sure to write down username, password,
  acc.number etc.
• Registration begins on October 1, 800 pm ET
• FOREX_Sim duration October 15 November 6

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Registration Instructions Orientation Session
September 27, 730-830 pm at GM 302

• STEP TWO
• Go to
• https//fx2.oanda.com/mod_perl/fxcontest/fxcontest
  admin.pl?rmadminHome
• Enter
• Search gameForex_Concordia_2
• Click join
• Registration begins on September 27, 800 pm ET
• FOREX_Sim duration October 15 November 6

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LOG IN Instruction

• Log in to platform using
• https//fx2.oanda.com/v1.0/login.html
• For platform manual visit http//fxtrade.oanda.co
  m/help/manual/

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Competition Parameters

• Students will use OANDA FX Trading Platform
• Students will compete using demo accounts
• Students may trade any currency available on the
  platform

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Required Trading

• To Be Eligible For Prizes
• Students must use at least 10 trading strategies
• Students must keep record of their trades in
  Trading Journal
• Students must submit Trading Journals to FISA
  after competition ends

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Trading Strategies

• Day 1 Buy 5 contracts EUR/USD Open Strategy 1
• Day 2 Sell 5 contracts EUR/USD Close Strategy
  1
• Day 3 Buy 5 contracts EUR/USD Open Strategy 2
• Day 4 Buy 9 contracts GBP/USD Open Strategy 3
• Day 1 Buy 5 contracts GBP/USD Open Strategy 1
• Day 2 Sell 9 contracts GPP/USD Close Strategy
  1 (and open on reversal strategy 2 (Sell )
• Buy USD/CHF 1.2075 exit on Stop Loss _at_1.2069
  Strategy 1
• Sell USD/CHF 1.2075 exit on Take Profit _at_1.2069
  Strategy 2

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Initial Trade Reporting

• Upon completing a trade
• Students will maintain a trade journal which
  includes
• Student name and ID number
• Email address
• Trade (currency pair,)
• Long or Short position of the trade
• Entry and Close contract price
• Date and Time of a contract

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Sample of Trading Journal
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Candlestick Anatomy
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Contact Information

• All questions and ideas should be addressed to
• Yura Golov
• y_golo_at_jmsb.concordia.ca