Singapore (PRWEB) September 19, 2012
OANDA Asia Pacific, the global innovator in online foreign exchange trading and a trusted source of currency data, announced today the launch of the third annual OANDA fxUni, a foreign exchange (FX) education and trading contest program for tertiary students. Considering the growing FX interest in the region, the contest has now expanded to include polytechnics and universities in Singapore, Hong Kong, Japan and Australia.
With the goal of doubling the amount of participants this year, the contest presents an opportunity for students to trade hands-on under real market conditions while competing with each other risk free through OANDA fxTrade practice accounts. Before the actual two-week contest starts on October 22, OANDA fxUni will run a series of webinars from September 25 onwards by market strategists and provide learning materials guiding the participants on how to use market sentiment tools to analyze market moves, develop suitable trading strategies and minimize risk exposure in a highly volatile FX market. The winners will be announced on November 7.
“NUS Business School is joining OANDA fxUni now for the third time. Our students have been thrilled about the opportunity to learn to trade FX, understand the ever-changing FX market, and compete in a safe trading environment. We welcome the expansion of the program to include more countries and schools in APAC, as it gives a better perspective and presents various trading challenges for our students. In fact, OANDA is one of the financial applications supported in our Investment Management & Trading Laboratory,” says Professor Joseph Cherian, Director of the Centre for Asset Management Research and Investments (CAMRI) at NUS Business School.
“We have received an overwhelmingly positive response to OANDA fxUni in the past two years and are delighted to expand to a bigger pool of students across four different countries this year. At OANDA, we believe investors must learn the basics of how to trade forex before they jump into the volatile exciting forex market, and fxUni offers exactly that to students,” said Stuart McPhee, Currency Technical Analyst and Trading Coach at OANDA.
“We want young traders to experience the world of FX trading and broaden their horizons regarding the largest and most liquid financial market in the world, and will analyse the opportunities to expand the program to other regions as well,” he added.
OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. 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 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).