Report Writing Assignment: Task: In this assignment, students are required to: (A) Speculate with…

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Report Writing Assignment:
Task:

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

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 real-time 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 by 30/3/2018. 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. The url for direct access to the login area on easyMarkets is https://www.easymarkets.com/au/.
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.

(B) Report

The report must start with a cover sheet (using the template posted on CloudDeakin). On the cover sheet of your report, please provide the information as requested (your last name, first name, and student ID; username and password for your trading account; the final account balance and the number of transactions undertaken for each instrument; the currencies traded; and the word count). Your assignment will only be graded when all information required in the cover sheet are provided.

Immediately after the cover sheet, please provide a 1-page executive summary. The executive summary should show a brief account of your overall strategy, the financial instruments you have used, the number of transactions and currencies you have traded, and justify the total losses/profits on your account and whether or not you have undertaken any risk management activities.

In the body of the report, please provide a detailed description of the trading strategy you have employed. You do not need to explain every transaction; this would be virtually impossible given the word limit. Rather, your report should attempt to show the sophistication and management of the trading strategies, highlight how you have used the theoretical tools developed in this unit, any research you have conducted on the foreign exchange market, and the manner in which you have approached your trading activity, using specific transactions as examples. You should also discuss the use of risk management tools available on the easyMarkets platform during the trading period.

Please note that any news item or report that helped you make your decisions should be carefully referenced and, if possible, included in the Appendix.