FXDD Announces USA vs. Japan FX University Challenge

NEW YORK, Jan. 18, 2011 /PRNewswire/ -- FXDD, a leader in online Forex trading, introduces the USA vs. Japan FX University Challenge, a demo contest for college students to learn how the foreign exchange market operates and to compete for a chance to win a trip to New York City and $3,000 in scholarship funds.

Current college students, with a valid ID, in the US and Japan are eligible to participate in the challenge.  To participate, students open a demo trading account between January 18 and March 1, 2011 and trade virtual foreign currency, as opposed to trading with real money.  The student from each country with the most virtual equity in his or her account at the end of the challenge will win an all-expense paid trip to the financial capital of the world, New York City, and $3,000 in scholarship funds.  Additionally, two runners-up from each country will receive $500 in scholarship funds.  To get started, students can visit http://www.fxddjpblog.com/unicon/unicon_form_en.

The foreign exchange market is one of the largest and most liquid markets in the world.  Foreign exchange rates are dependent on many factors, such as a country's fiscal and monetary policy, budget surpluses and deficits, balance of trade, inflation and economic growth.  Political conditions and current events, as well as economic reports released by government agencies, can also cause large shifts in currency prices.

Knowledge of the relationship between current political conditions and the rise and fall of a country's currency is crucial to a better understanding of economics and the financial markets, according to Greg Michalowski, Chief Currency Analyst of FXDD.

"FXDD is committed to education and support for college students.  We hope that participation in the challenge will help students become more sensitive to world events and the political and economic impact on global financial markets," said Eric Wajnberg, VP of Business Development at FXDD.  "We also hope that participating students will use this opportunity to communicate and build ties with international students."  

The FX University demo challenge is for educational purposes only and participants will not be solicited to open a live trading account during or at any time after the event.

About FXDD

FXDD (www.fxdd.com), a Foreign Exchange Dealer registered with the CFTC and a member of the National Futures Association, is headquartered in New York City's 7 World Trade Center.  FXDD is a leader in online Forex trading dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity.  FXDD provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world.  FXDD offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, FXDDTrader, PowerTrader and FXDDAuto.  FXDD provides competitive interbank pricing, no-interest accounts, and fully-automated execution.  FXDD offers 50:1 leverage in the US, as well as competitive spreads (2 - 3 pips on most major currency pairs).

Follow FXDD on Twitter at twitter.com/fxdd and on Facebook at facebook.fxdd.com.

SOURCE FXDD

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