2020 Trading Cup Gets Off to a Flying Start

The 2020 Trading Cup, a global live trading tournament run by the Australian firm ACY Securities, has begun with a bang and is on track to be the most successful event of its kind ever hosted.

With a minimum of $150,000 in prize money, the competition is a six-month long live trading contest which consists of 6 stages and concludes with the Grand Final. What makes the Trading Cup unique is how the grand final is conducted.

The top 30 traders from each of the six qualifying stages are invited to trade live in an e-Stadium theatre for their chance to claim a position in the top 10.

The top 10 traders battle it out to be crowned the Grand Champion, while trading over the US Non-farm Payroll data release.

The Non-farm Payroll release is the most exciting and volatile release for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders around the world and provides the tension and super-charged atmosphere needed for an exciting final hour of trading.

Ashley Jessen, Head of Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term at ACY Securities said that the Trading Cup served as a platform for traders to showcase their talent and inspire them to explore what is possible.

“The Trading Cup was built to inspire traders all around the world, to show what is possible with a real-money trading account, across a wide range of asset classes. Last year's final was electrifying with tension building right to the last minute of trading, when the best trader was crowned” said Mr Jessen is a statement today.

He further added that traders should be doing all they can to experience the tournament for themselves.

“Having experienced the grand final first-hand and interviewed a handful of the winning traders, I can confirm that traders should be doing everything they can to claim their spot in the grand final. You will be treated like royalty” concluded Mr Jessen.

Stage 1 kicked off on Monday 1^st of June and the Grand Final, which will be broadcast live, will take place in January 2021 at a destination yet to be announced.

Last year’s Grand Final took place at Studio City in Macau (E-sports Arena) with qualifying traders flying in from all over the world and thousands of people tuning in to the live streaming to witness the contestants showing off their trading ability.

Executing their strategies over the US Non-farm Payroll data, the percentage returns from last year’s winners were as per the following table:

Some cities the organisers have flagged for the upcoming Grand Final include Singapore, London or Dubai, but the final decision is expected to be made after Stage 4 is completed.

To see how traders are performing in Stage 1 via a live leader board, or to sign-up and enter the 2020 Trading Cup, simply visit https://www.tradingcup.com/en

Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.