—Leading broker’s fxUni trader education programme enables
thousands of students across APAC to
experience trading in real-market conditions
SINGAPORE, Nov. 8, 2012
/PRNewswire/—OANDA Asia Pacific, provider of
innovative online foreign exchange trading and a trusted source of
currency data, has announced the winners of the third annual
OANDA fxUni( http://fxuni.oanda.com ) Contest. The trading
contest is the culmination of fxUni, a foreign exchange education
programme for tertiary students in Singapore, Hong Kong, Japan, and
Australia.
Tan Jun Kiat, who is a student at the Nanyang Technological
University in Singapore, won the two-week long contest with an
impressive portfolio return of 60.62% and was awarded the first
prize of SGD $3,500. Robert Baskin of the
University of New South Wales in Australia won the second prize of
SGD$2,500, followed closely by Tan Wee Kiat
of Singapore Management University who won the third prize of
SGD$ 1,250.
Nearly 1,000 students from polytechnics and universities across
the four participating countries competed in the contest, where
they traded virtual currency under real market conditions using
OANDA demo trading accounts( http://www.oanda.sg/trade-forex/demo ).
The contest winner, Tan Jun Kiat said, “Trading forex is not
easy, especially for beginners, and the calculation of risk-reward
ratio is certainly the key to success. It is definitely worthwhile
for young traders to participate in a learning programme like
OANDA fxUni, and use demo accounts to get
hands-on experience of the forex market and learn the basics of how
to trade before starting to trade with real money.”
OANDA fxUni is a two-month programme that
includes a series of training webinars and a curriculum of learning
materials to educate participants on trading foreign exchange. The
goal of the programme is to nurture the next generation of forex
traders by introducing students to this emerging asset class.
In addition to the individual prizes, OANDA also awarded SGD$500 to the
Investment Clubs of the universities with the highest number of
participants in each country.
“We are delighted to have been able to contribute to
OANDA’s fxUni program,” says Mr Henryk
Abucewicz, President of NTU Investment
Interactive Club at Nanyang Technology University in Singapore. “I
am personally impressed with the OANDA
trading interface as well as the training our students received
during the contest.”
OANDA will present the awards and
certificates to the fxUni winners on November 12, 2012.
About OANDA fxUni 2012
OANDA fxUni( http://fxuni.oanda.com
) aims to nurture the next generation of FX investors. The
programme equips students with the tools and knowledge to
effectively manage an FX portfolio while exposing them to the
dynamic world of FX trading. The fxUni contest attracted students
from 58 universities and polytechnics in Hong Kong, Australia,
Japan, and Singapore. Participating schools included Nanyang
Technological University, University of New South Wales, National
University of Singapore, Singapore Management University, Osaka
University, Chinese University of Hong Kong, and Hitotsubashi
University among many others.
About OANDA
OANDA Corporation has transformed the
business of foreign exchange through an innovative approach to
forex trading( http://www.oanda.sg ). The company’s leading online
trading platform, fxTrade, introduced a number of firsts to the
marketplace, including immediate execution; instant settlement on
trades; trades of any size between one unit and 10 million units;
and interest calculated by the second. OANDA
was the first online provider of comprehensive currency exchange(
http://www.oanda.com ) information, and today the
company’s OANDA Rate® data are the benchmark
rates for corporations, tax authorities, auditing firms, and
central banks.
OANDA Corporation has seven offices
worldwide, in Chicago, London, New York, Singapore, Tokyo, Toronto,
and Zurich. OANDA is fully regulated by the
U.S. Commodity Futures Trading Commission (CFTC), the U.S. National
Futures Association (NFA), the Monetary Authority of Singapore
(MAS), the Investment Industry Regulatory Organization of Canada
(IIROC), the UK Financial Services Authority (FSA), and the
Japanese Financial Services Agency (FSA).
SOURCE﹛OANDA Corporation