In this assignment, students are required to:
(A) Speculate with virtual money on a real internet trading website.
(B) Write a report (maximum of 2,000 words) on their trading experience.
(A) Internet trading game (15 points)
The Unit Team will provide each student with a free demo account with easyMarkets, an online
foreign exchange trading firm. The url for easyMarkets is https://www.easymarkets.com/au/. You
will have access to many of the features on the website that actual traders receive, including realtime quotes, news and a variety of charts (though some features that are licensed from third parties
are not available on demo accounts).
Each student will be given an account on this website with AUD 50,000 virtual money. The goal of
the exercise is simple: to make as much money as possible. easyMarkets provides access to foreign
exchange spot markets and forward markets in order for you to perform your speculative activities.
The website has a ‘Learn Centre’ tab, which contains information on the basics of forex trading.
Please take the time to understand how the trading platform works before commencing your trading
activities.
All students will receive an email (from the Unit Team) that contains a username and password for
an account on easyMarkets before the end of Week 4, 9 August 2020. On receiving this, please do
not change the settings (i.e. please do not change the email and password on the account). Please
do not provide or add any information of personal nature to the account.
It is highly recommended that you do not start trading straight away; rather, it would be very useful
to spend some time reviewing the features on easyMarkets. The foreign exchange market reacts very
rapidly to news, so it is important that you do make it a point to spend a few minutes every day
keeping track of how economic variables impact the forex market.