Traders interested in competing for the title of “The Trader of the Year 2013″ only have 10 days left to enroll.
The contest will start on June 2nd, 2013 at 09:00 pm GMT and will end June 28th, 2013 at 09:00 pm GMT, when all open positions will be closed and all profit and loss (P&L) will be realized. All contestants will start with USD 5,000 of virtual funds in their trading accounts and with a leverage of 1:100. They are allowed to use all of the features of AFB FX’s MT4 trading platform and use any Expert Advisors (apart from unethical trading). The scores of the top ten performers at any given point in time of The Trader of the Year Contest 2013 will be showing on FXstreet.com and afbfx.com throughout the lifetime of the contest.
Prizes, including live trading accounts, are provided by the sponsor of the competition, AFB FX, and by the Media Partners: Currensys, fxKnight.com, BKForex.com, Pro Trader Strategies and StrategyQuant.
We are delighted to announce that we are taking our first steps into formal education and are exploring a relationship with Greenwich Business School (GBS) in London.
GBS is located in the prestigious grounds of the Old Royal Navy College, and due to its prime location can boast excellent links to institutions in both the City and Docklands financial hubs in London. They also have a host of sister schools across the world, including mainland Europe, Asia and Africa. Our aim is to collaborate with them as often as possible, so watch this space for exciting future developments.
As part of a research collaboration, we will be assisting them with a high profile Phd project that they have recently launched, entitled, “Impact of High Frequency Trading on Market Liquidity Risk and Flash Crashes”. The study touches upon a hot topic within financial markets: High Frequency Trading strategies, and will focus on developing a cutting edge exploration of the relationship between volatility and liquidity.
Prospective students can find further details here. The Closing date is June 4th 2013.
Volatility can be tricky when trading. We have asked 6 of our webinars speakers to come at FXstreet.com on May 16 to talk about how they see it, trade it or comment how markets have been behaving recently.
Here is the schedule for the day. Click on the title of each webinar to register for it. It’s totally free!
- 11:00 GMT / 07:00 am EDT – Trends in Volatility – Expert: Curt Wehrley, Currency Coach & Quantitative Analyst at FxBootcamp
If it’s the first time you attend a webinar at FXstreet.com, read our instructions.
I wanted to share with you news about our Forex Social Network, Forexstreet.net!
Carol Harmer, founder of CharmerCharts.com, will be in the Forexstreet.net chat every Tuesday and Thursday at 10:00am GMT during 20 minutes to give her view on the FX markets and answer the network’s members questions.
To participate to the chat, you just need log in at Forexstreet.net. At the bottom of any page of our network, you will find the chat room.
With a career spanning almost 30 years, Carol Harmer is undoubtedly one of the most respected and established technical analysts in the UK and is a founding member of the STA (The Society of Technical Analysts). Carol’s career started in 1981 on the futures trading floor for LIFFE. In 1983 Carol began work as Senior Technical Analyst for Midland Bank (which was taken over by HSBC in 1992). In 1986 Carol was again head hunted for the role of Manager of Technical Analysis for Nomura Bank. Three years after and until 1996, Carol was hired as Head of Technical Trading at Credit Suisse. She also appeared weekly on Bloomberg, CNBC and Reuters financial TV to provide her opinion on financial markets.
We interviewed Carol a couple of years ago about her career and experience as a Women in Forex.
Forex MeetUp Group in Barcelona
Since February, FXstreet.com organizes jointly with its social network Forexstreet.net monthly meetings with Forex traders in Barcelona through MeetUp. The first meeting took place at the end of February and there were 9 traders. Now they are 24 members and growing. Who would have thought that so many English-speaking Forex traders live in Barcelona? Every month they define a topic and one of the traders has to make a presentation for the others. A Q&A follows and then they all go in a bar to chat and have a drink. Next meeting is on June 6th and Yohay Elam will talk about the Euro and “why it is so high”.
CeFDex, the German market maker, is the sponsor of the next 3 Forex MeetUp Group meetings.
A few weeks ago, FXstreet.com released 6 new widgets based on the CFTC Commitment of Traders report in its FX Studies section. Next Monday, May 13th at 14 GMT / 10 am EDT, our Content Advisor Gonçalo Moreira will present these new studies in a special webinar. This session will also serve as an introduction to the CoT report in general and to the various way to interpret the data.
The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. FXstreet.com developed 6 different studies and built one of the most complete CoT study tools available for free on the internet. You’ll find more details about the 6 studies in a previous post published in this blog.
Last Friday Gus Farrow, FX analyst and news editor for FXstreet.com, went to London to take the CMT Level 1 exam and passed! CMT stands for Chartered Market Technician, and is the study of Technical Analysis. It covers a lot of theory and definition at this level. Next up is Level 2 which is focused on the application of theory into practice.
As explained on the Market Technicians Association website: “The Chartered Market Technician (CMT) Program requires candidates to demonstrate proficiency in a broad range of topics in the field of Technical Analysis. The Program consists of three levels. CMT Level 1 and CMT Level 2 are multiple choice exams while CMT Level 3 is in short answer form.”
The Market Technicians Association is a not-for-profit professional regulatory organization servicing over 4,500 market analysis professionals in over 85 countries around the globe. The MTA’s main objectives involve the education of the public, the investment community and its membership in the theory, practice and application of technical analysis.
The next exam is in October, which Gus might do in Madrid. We want to congratulate him for such a nice achievement and wish him good luck (more than luck, you need loads of hours of study) for the other levels so he can be, in the end, a designed CMT, just as Gonçalo Moreira, our content adviser at FXstreet.com.
Will you be at the iFXEXPO in Cyprus later this month? We hope we can meet you! FXstreet.com is going to attend this Forex B2B Expo as a Media Sponsor. Organized by ConversionPros, the iFXEXPO International Cyprus is the event for all Forex providers and brokers to meet, network, learn industry trends and make business.
FXstreet.com Booth at the iFXEXPO Macau in January 2013
We went to all the previous iFXEXPO events: in May 2012 in Limassol (Cyprus) and in January 2013 in Macau. This is a place to meet representatives and executives of the Forex industry and develop new opportunities. “It’s been very beneficial for us to be present at the iFXEXPO since the first edition”, praises Carolina May, CEO of FXstreet.com. “We’ve created new business, found new clients and developed new synergies. This expo certainly helps us to consolidate our position as the leading information website purely dedicated to the Forex Market.”
If you’ll be there too, don’t hesitate to stop by our booth (number 57) and say hi! Francesc Riverola, President and Founder of FXstreet.com, Alba Bringues, Key Accounts Manager, and Colm Mullan, Sales Manager, will be representing our company. See you on May 29th and 30th!
Read our full press release
Yesterday was a special day at FXstreet.com. All of the staff at our Barcelona headoffice took a break from their usual tasks to take part in a first-time experience.
We all met at 09:00 am and started the day by watching a video about how the company IDEO comes up with new ideas and projects. Then we were explained a technique to develop new ideas or solve issues, called the “Mind Map”. After that, the day itself took off! We were divided in 4 teams made of members of all departments (content, IT, design, marketing and administration) with one same assignment: to develop a project that could be applied to FXstreet.com as a company and/or as a website. No more limitations were given to our imagination, besides the fact it should be a realistic project. Each group brainstormed and started to develop the paper ideas by listing the practical aspects, preparing mock-ups and building a presentation for the rest of the team.
Around 5h30 pm, we all gathered again and each group presented its project to the rest of the company. Finally, a vote took place among the groups and the members of the management team. The winners received an enormous plate of Donuts (which were of course shared with the whole staff)!
I won’t reveal the ideas here, because we intend to put them into place and some will be made public when implemented.
This “day off” could take place because the members of our external team covered the market and took care of the website content during the full day, so we take this opportunity to thank them all!
Today we’re launching new content
in our Fundamental secction. We gathered all our reports and the most important articles about the Global Crisis since October 2010 on a dynamic timeline
: bailouts, rating agencies news, central bank moves and statements, European Commission meetings, elections, yields, national debts,…
Thanks to the bottom timeline scroll you can browse by time and find the corresponding news
. There is a zoom
at the left so you can see a greater or smaller period of time on the timeline. When clicking on the title of the piece of news, you will be able to read it full. Hope you find it not only graphically interesting but also useful!
We’re excited to announce that traders can register for the 6th edition of the Trader of the Year contest, a competition open to all individuals who are minimum 18 years old at the time of the contest start, excluding residents of the US. As last year, the contest will be conducted on DEMO accounts only. All contestants will start with USD 5,000 of virtual funds in their trading accounts and with a leverage of 1:100. AFB FX sponsors the competition and the winner will be the contestant with the highest Account Equity.
The contest will start on June 2nd, 2013 at 09:00 pm GMT and will end June 28th, 2013 at 09:00 pm GMT
, when all open positions will be closed and all profit and loss (P&L) will be realized. They are allowed to use all of the features of AFB FX’s MT4 trading platform and use any Expert Advisors (apart from unethical trading). The scores of the top ten performers at any given point in time of The Trader of the Year Contest 2013 will be showing on FXstreet.com and afbfx.com throughout the lifetime of the contest. Download our Press Release
and Check the Contest’s rules
The Best Traders Will Win Prizes!
Prizes are provided by the sponsor of the competition, AFB FX, and by the Media Partners: Currensys, fxKnight.com, BKForex.com, Pro Trader Strategies and StrategyQuant.
Total value: $8,155
- A live trading account* with AFB FX with a credit of USD 5,000 by AFB FX
- A 5 1/2 workshop series: Trading Essentials + The “Other 95%” by fxKnight
- Steve Primo’s Forex College by Pro Trader Strategies
- One month subscription t o BK Forex signals by BKForex.com
- Owned Subscription to Genetic Builder from StrategyQuant
Total value: $3.628
- A live trading account* with AFB FX with a credit of USD 2,500 by AFB FX
- A 1h50 workshop series: Trading Essentials by fxKnight
- 40 Forex trading lessons by Pro Trader Strategies
- 1 year free service to Currency Trading Systems by Currensys (Multicharts, esignal and ninjatrader Platforms)
- 3-months subscription to Genetic Builder from StrategyQuant
Total value: $633
- A 2h30 workshop series: The “Other 95%” by fxKnight
- 40 Forex trading lessons by Pro Trader Strategies
- 3-months subscription to Genetic Builder from StrategyQuant