What is
E-Challenge?
How to play?
What is
E-Challenge?
Designed by
-NYES2017-
-BYIC-
How much do you know about exchange rate of each country? How many people do really understand what is exchange rate about? Do you have any experience trading in the international market?
NYES 2017 team this time come out a new idea with this Exchange rate Challenge and we name it as the ' E-Challenge'.
NYES 2017 will give you some insights how to become a sophisticated trader through the simulation game.
The E-Challenge is our very first Exchange rate simulation game that will exciting you all.
Stay Tuned with us ! JOIN US NOW!
HOW TO PLAY?
Things that YOU and YOUR TEAM must know:
1. LONG AND SHORT EQUITY
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The team are allowed to do ‘Long’ (Buy) or ‘Short’ (Sell).
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For ‘Long’ position, the team will profit when the trend is up.
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For ‘Short’ position, the team will profit when the trend is up.
you can get more information about this in this website : http://www.investopedia.com/terms/l/long-shortequity.asp
2. Bid and Asked
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When the team is trying to long (buy), the rate will refers to the rate at the column ‘Ask’.
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On the other hand, when the team is trying to short (sell), the rate will refers to the rate at Column ‘Bid
you can get more information about this in this website :
http://www.investopedia.com/terms/b/bid-and-asked.asp
3. Leverage and Margin
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The leverage used throughout the challenge is 50 times.
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This means that every team can obtain 5,000,000 (100,000 x 5 = 5,000,000) worth of contracts at the maximum.
you can get more information about this in this website :
http://www.investopedia.com/ask/answers/06/leverageandmargin.asp
4. Margin Call
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When margin call is imposed, the team are required to top up or the contract will be terminated
5. How to close your position?
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You have to ‘Short’ the contract which you initially ‘Long’ in order to close the contract.
NYES 2016 - The 'M' Challenge
PRIZE
CHAMPION : RM 800
First Runner Up : RM 500
Second Runner Up : RM 200
Results will be announced on the closing ceremony. More information will be announced. Stay Tuned.
***Terms and Conditions applied
***Prizes are given to groups but not individuals
subject to changes
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