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Winners of CNBC Currency Challenge give traders a run for their money
Two of the five weekly trading finalists, Sarina Bailey and Argiris Terzoglou, have given the professional traders a run for their money in the worldwide business first – CNBC Currency Challenge.
The CNBC Currency Challenge is an exciting competition for all budding foreign exchange traders to show off their skills and be in the running to win a fabulous Alfa Romeo 159 Ti. This is the sixth week of the challenge which runs from October 12 to 19 December 2009.
Emirates Senior Customer Service and Sales Officer, Sarina Bailey entered the competition, not from working in the industry, but from her passion for trading and with the odd trading tip from her husband.
“I am thrilled to be one of CNBC Currency Challenge winners, especially considering I don’t work in trading. I hope I make it to the Challenge Finals – I think I’m in with a real chance,†Sarina said.
Sales distributor for independent soft drink company Sofities, Argiris Terzoglou, hopes one day he will work in trading, but is satisfied that his mere obsession for trading has enabled him to beat the odds against the professional trading enthusiasts.
“Unlike the professional traders in the competition who do this for a living, I rely on my natural ability and drive to take risks and be a real contender,†Argiris said.
Both contestants have taken to one of the great features of the CNBC Currency Challenge – an online tutorial, designed to provide contestants who have never traded before with the tools to be “virtually†buying and selling currencies just like the professionals.
The competition challenges contestants to build up their foreign exchange portfolios, so that the finalist with the highest total value at the end of the finals will be declared the potential Grand Prize Winner.
During this initial eight-week phase, a weekly FXCM prize valued at A$1,000 is awarded to the trader with the highest percentage of weekly growth. In the ninth week, two winners will be chosen and will join the other eight weekly winners to play in the nerve-wracking, one-week Challenge Finals, which start on December 14 2009.
These 10 finalists will be joined in the Challenge Finals by the top 10 participants with the highest portfolio valuations.
The ultimate winner out of the 20 finalists will drive away with the Alfa Romeo 159 Ti.
Each registered participant can open five fictional trading accounts (portfolios) with 1,000,000 virtual dollars known as “CNBC Bucks†per portfolio and have the ability to fictionally buy and sell foreign currencies and certain currency pairs.
“The CNBC Currency Challenge comes two years after the launch of our Australian programme, Trading Matters, which provides Australian investors with real time, actionable information on local share and market performance,†said Matt Christie, Regional Manager, Australia and New Zealand, CNBC Asia Pacific.
Each day, CNBC’s Australian anchor, Oriel Morrison, highlights the top performers of the day and week during the “Currency Challenge Update†segment on CNBC’s Trading Matters programme.
Tune into CNBC Trading Matters at 4:00pm AEDT Monday-Friday for your Currency Challenge Update and to track the top contest performers.
CNBC’s Currency Challenge is sponsored by Forex Capital Markets (FXCM), one of the foremost currency trading firms, and partnered by Alfa Romeo.
For further information visit our website at http://cnbc.com.au or email inquiries to currencychallenge@cnbc.com.
For further information, please contact:
Access PR
Amanda Ross
M: 02 9279 4133
E: amanda@accesspr.com.au
About CNBC Asia Pacific
CNBC Asia Pacific is uniquely positioned to speak to viewers from across the region. Headquartered in Singapore, the network provides nine and a half hours of live Asia-Pacific produced programming, which is complemented with coverage of live market action from Europe and the US. CNBC Asia Pacific's channels, which include CNBC Asia, CNBC-TV18 (India), CNBC Pakistan, Nikkei-CNBC (Japan) are available in more than 21 countries across the Asia Pacific region. CNBC also has a strategic alliance with China Business Network, a wholly owned subsidiary of the Shanghai Media Group, and a partnership with Digital Chosun, an entity of Chosun Daily Group of Companies, the premier multiplatform media conglomerate in Korea. The channels are distributed via satellite, cable and terrestrial broadcast networks, as well as broadband, on www.cnbc.com. CNBC content is also distributed on mobile platforms through selective markets.
*The CNBC Currency Challenge is open to Australian residents aged 18 and over who hold a current driving licence