[tradingroom-announce] Summer Trading Competition! Win $1000

[Sloan Trading Room Task Force]

The Sloan Trading Room Task Force Presents:

(NOTE: please refer also to the rules and description file found 
attached or at http://web.mit.edu/taskforce/www/summer_competition.pdf 
for full competition information)

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***The First Annual Texas A&M Trading Competition!***
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Overview:
The Sloan Trading Room Task Force, in conjunction with Texas A&M 
University, has developed a summer trading competition for members of 
the MIT and Texas communities. In this unique event, participants will 
utilize the Saxo Bank trading platform to trade a variety of 
instruments, including Currencies, Equities, Futures and Fixed-Income. 
The competition will last for two 2-week periods, with a practice period 
extending through this **Friday, June 17**, and the winner will be 
declared at the end of the competition. The competition is open to ALL 
current MIT students, undergraduates and graduates.

Education:
To facilitate improved trading for all participants, a forum has been 
set up for each school through the Texas A&M Mays Portal (much like MIT 
Sloanspace). Following each trade, students will justify their rational 
in a short sentence. Students will be able to see each others' 
(time-delayed) trades and justifications to promote a dynamic learning 
environment. Please see the attached rules for information on registering.

Logistics:
The competition will utilize Saxo Bank's online trading platform. 
Consequently, all participants will need to register for an account. 
Please see the attached rules for details on how to register.

Entry Fee:
$25 -- after following the registration instructions, please send an 
email to trade at jcmercier with your information from the Mays Portal and 
Saxo Bank user and password information. At this point, you will be 
provided a PayPal link from which to pay.

General Information:
There are currently roughly 10 students from Texas A&M signed up for 
this competition. We expect the final number of MIT and Texas students 
to be around 20-25. This means that the odds of winning the $1000 prize 
are VERY HIGH. We encourage you to sign up for this competition ASAP, so 
that you may get some practice in the trading round being held thru 
Sunday night. Remember, this competition consists mainly of people who 
have either never traded before or have very limited experience, so we 
highly suggest that everyone try it out. Regardless of your final 
standing, through the comments of fellow students in the Mays Portal and 
guidance by JC Mercier, you are guaranteed to quickly get a very good 
feel for trading.


Quick Notes on Registering: (please refer to the attached rules for more 
information and screen captures)

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Saxo Bank Platform:
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-At www.saxobank.com :
--- “Sign up for free membership”;
--- and apply as a “Private MiniTrader Investor”;
--- and select “Yes, please!” when asked about the SaxoTrader “simulated 
account”
You will receive $100,000 to trade with in the competition. Make SURE 
that you send your username and password to trade at jcmercier.com. Please 
download the trading platform software.

Once you have your SaxoTrader platform, under the “Trading” option on 
the menu, you can access and read a series of “Introduction to xxx” 
files, plus the “Quick Start to xxx” series of files

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Mays Portal:
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Students will also “register” on the Mays Portal at 
http://maysportal.tamu.edu/
-- Create an account under 'new accounts'
-- Use your “mit.edu” (any xxx.mit.edu is accepted other than 
alum.mit.edu) email account for the Portal email address
IMPORTANT: You MUST use a "mit.edu" email address. Any "xxx.mit.edu" 
works, except "alum.mit.edu"
-- Click onto the Undergraduate Finance Courses:
-- Choose "Trade Competition - MIT Site"


As always, please direct any questions you have about any aspect of the 
competition to taskforce at mit.edu .



Sincerely,

The Sloan Trading Room Task Force

-----
Andrew Lisy
Director



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