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FXCM sponsored its first University forex contest

May 08 2012
By
Forexbrokerz.com

FXCM Inc. (NYSE:FXCM) and Texas A&M University partnered to bring the 1st Annual University Currency Trading Contest. Joining Texas A&M University were West Texas A&M University and Baruch College. The grand prize awarded by FXCM to the winning college student Bryce Moody of Texas A&M was a $10,000 tuition scholarship.

 
Students studying macroeconomics, international business, or who just have an interest and opinion on the US dollar applied their knowledge and skills during a four week period in an educational and fun environment. Participating students had the chance to learn more about the global forex trading market by trading with a practice FXCM forex trading account.
 
"FXCM hopes all students had fun and learned a lot about the currency markets during the contest. We hope students had the chance to enhance their trading skills, learn fundamentals and technical analysis and apply what they have learned in class. Our ultimate pleasure is seeing a student walk away with a scholarship towards their education," said Sameer Bhopale, Chief Marketing Officer at FXCM.
 
Bryce recently sat down with FXCM to tell us more about his trading strategy, "My best currency trade was the AUD/USD. DailyFX wrote about the pair being a short opportunity and said it had the chance of breaking out and the more I studied the technicals the more I believed in the trade. I would place my trades at night, wake up around 2am to check on the trade and usually closed out my trades in the morning. I felt this was the best way to stick to my trading strategy which I would say was the hardest part about trading. I learned that it is ok to factor in other opinions when making trading decisions and I read a lot of the articles from DailyFX."
 
Professor Detlef Hallerman, from Texas A&M felt that the contest was beneficial to A&M students and would be beneficial to students all over due to the macro themes involved in trading the currency markets as well as getting students to participate in the markets. "The contest helped a lot of the kids decide if they wanted to take an active role as trading professionals in their future, or not." The professor added, "if the kids want to figure out who they really are they can go to Tibet and meditate or they can trade currencies."
 
FXCM thanks all participating students and hopes that they will continue to study the global forex trading market and grow their trading strategies. FXCM looks forward to hosting another university contest in the future.
 
The views and opinions expressed in this press release do not necessarily represent the views and opinions of FXCM Inc. Trading foreign exchange and CFDs on margin carries a high level of risk and may not be suitable for all. Read full disclaimer. All references to "FXCM" refer to FXCM Inc. and its consolidated subsidiaries.
 
About FXCM Inc.
 
FXCM (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide.
 
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM's UK subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade forex, oil, gold, silver, and stock indices on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
TAGS: fxcm  texas A&M University  forex contest 

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