ShareScene.com Announces the Launch of their Inaugural FX Challenge

ShareScene.com today announces the launch of their first ever FX Challenge game in partnership with ForexCT. The Challenge is designed to provide access to FX Trading in a safe and risk free environment.
 
July 27, 2011 - PRLog -- Digifi Group, owners of leading share trading forum website, ShareScene.com, have today announced collaboration with Australian foreign exchange trading company, ForexCT, to introduce a Forex trading game to Australian investors and shareholders.  

The game not only delivers experienced and novice traders in the foreign exchange market the ability to hone and develop their skills but also provides the participants with direct communication with market experts to obtain and seek advice on their intended trades.  

“We haven’t created just another share trading game for people to play”, says Mr Tim Suter, Director of Operations for Digifi.  “Given the complexity and often risky aspect of FX trading, we have endeavoured to provide not only a competitive event that people can challenge themselves and their peers in, but more importantly we have delivered a safe, yet exciting way for people to either learn about foreign exchange trading or to enhance their existing skills.”

“Entry into the game and access to the educational materials and industry experts is provided at no charge to the players with the additional incentive of players having the chance to win a $5,000 Foreign Exchange trading account with ForexCT”, according to Steven Dooley, Head of Research at ForexCT.

The Forex Trading Game provides participants with $250,000 of “virtual cash” every week for four weeks enabling them to continue within the game for the entire duration even if they happen to make some misguided trades early on.  Those players who have a positive balance at the end of each week are also provided with the weekly tranche delivering them the ability to leverage this money through their existing trades or expand into new currencies.

“Foreign Exchange trading has been traditionally viewed by the average trader as an environment only for high net worth investors and corporations due to the perception that participants need a lot to make a lot.

“Forex has not always been covered by the media in the best light given the pitfalls and risks involved for the novice trader which is specifically the reason for creating the game in this manner and providing direct access to the wealth of educational materials as well as the industry experts’ guidance via trading tips, daily market reports and Q&As,” added Steven Dooley of ForexCT.

“In addition to the primary prize, we are offering prizes to the players based on interaction with the system on a weekly basis.” Mr Suter added.

The competition officially opens on Monday, August 8th, with players able to pre register on the ShareScene website, http://www.sharescene.com from today.

For further information please contact Tim Suter from Digifi Group on 02 8354 0356 or tim.suter@digifigroup.com.au.
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Zip:2011
Tags:Forex, Challenge, Competition, ShareScene, Trading, Shares, Stocks
Industry:Share Trading
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