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EDUCATION

Organise an OhMyGeorge trading contest at your Uni!

You’re a finance teacher, or a finance student, and you want to spice things up in class? We have created a teaching format centred around an intense and lively half-day trading contest! All the material is free to use and modify as you wish, of course!

INVESTING 101

I. Rationale

This course aims at empowering the tech savvy new generation of investors to come with practical knowledge of how financial markets work. It is suitable for any students, but will obviously find a more natural spot within a finance/business curriculum. The contest format is designed to be entertaining and hands on, making students learn through experiments, trials and errors while tapping into their competitive inclination. Some appetence for maths may help but aren’t mandatory. While lectures are part of the format, this course isn’t a lecture per se and will be refreshing at any point of time during the semester.

II. Course aims and expected outcomes

Students will understand the basics of online trading generally speaking, with an emphasis on currency trading, including how a currency value is expressed, what it is influenced by, how to use the key features of of an online trading platform, the psychological aspects at play with trading and investing in general, how to use unbiased technical indicators in the decision process and why a trading plan is mandatory.

By the end of the course, students will be able to start trading/investing in a controlled manner, according to money management and risk management good practices.

III. Limitations

This course doesn’t cover fundamental analysis and stock picking (i.e. value investing).

IV. Material requirements

Students will need at least one smartphone (Android or iOS) per team, an internet connection, an email account (to register on the OhMyGeorge platform), and a laptop/desktop to do some Internet research.

V. Disclaimer

This course and format has been designed by Lucolimat Limited, a Hong Kong startup publisher of the mobile trading platform OhMyGeorge, which aims at providing, by design, guidance on money management and risk management to its users.

VI. Format and Procedures

The course is built around the following proposed formats:

Type Duration
Preliminary reading 20 min
Trading session 3 hours
Multiple Choice Questions 15 min
Problem solving 5 min (masked time)
Lectures 5 min x 5  (masked time)
Oral defense 2 min x Nb of teams

We recommend that the MCQ, Problem Solving and Lectures be conducted during the Trading Challenge itself in order to save time, keep interest of students alive, and force them to multi-task. Trading is 80% waiting, so better make use of that time!

VII. Grading Procedures

Recommended grading system:

Criteria Weight
Attendance

  • Student shows up in time and attends the whole session
Total = 10%

  • 10%
MCQ (10 questions)

  • Question 1
  • Question 2
  • Question 3
  • Question 4
  • Question 5
  • Question 6
  • Question 7
  • Question 8
  • Question 9
  • Question 10
Total = 25%

  • 2.5%
  • 2.5%
  • 2.5%
  • 2.5%
  • 2.5%
  • 2.5%
  • 2.5%
  • 2.5%
  • 2.5%
  • 2.5%
Problem solving

  • Question 1
  • Question 2
  • Question 3
Total = 5%

  • 2%
  • 2%
  • 1%
Trading challenge

  • All teams which opened and closed at least 1 trade
  • All teams with P&L > -30%
  • All teams with P&L > -20%
  • All teams with P&L > -10%
  • All teams with P&L ≧ 0 after the 3 hours
  • Top student/team
Total = 35%

  • 10%
  • 5%
  • 5%
  • 5%
  • 5%
  • 5%
Oral defense

  • Presentation material (not wordy, attractive, creative)
  • Student analysed his/her results (calculations…)
  • Analysis was linked to good practices taught in lectures
  • Clarity of thoughts: 5%
  • Speech (not using notes, eye contact with audience, flow)
Total = 25%

  • 5%
  • 5%
  • 5%
  • 5%
  • 5%

VIII. Tentative course flow and schedule

We highly recommend to organise the course/event when at least Europe is active (afternoon time in Asia) and if possible when both Europe and USA are active (evening time in Asia). Of course, the event cannot take place on a weekend as the markets are closed.

Item Time
Reading Before the course
Registration (student to provide emails associate with account) Before the course
Introduction 00:00 – 00:15
Trial run of OhMyGeorge app 00:15 – 00:20
Balance reset 00:20 – 00:30
Beginning of the trading session 00:30
MCQ 00:40 – 00:50
MCQ correction 00:50 – 00:55
Intermediary results announcement 01:00
Problem 01:05 – 01:15
Problem correction 01:15 – 01:25
Intermediary results announcement 01:30
Lecture 1: “Surf the wave” 01:45 – 01:50
Intermediary results announcement 02:00
Lecture 2: “Risk/reward ratio” 02:15 – 02:20
Intermediary results announcement 02:30
Lecture 3: “Giving yourself a statistical chance” 02:45 – 02:50
Intermediary results announcement 03:00
Lecture 4: “Using the economic calendar” 03:15 – 03:20
Intermediary results announcement 03:30
Advice for oral defense 03:45 – 03:50
End of trading session 04:00
Oral defense 04:00 – xx:xx
Final results End of the course

IX. Additional readings

http://www.investing.com/economic-calendar/

http://www.investopedia.com/terms/r/riskrewardratio.asp

https://www.oanda.com/currency/live-exchange-rates/

http://www.investopedia.com/university/technical/techanalysis2.asp

https://en.wikipedia.org/wiki/Prospect_theory

http://finance.yahoo.com/news/why-many-forex-traders-lose-214500903.html

Interested? Get in touch with us at [email protected] so we can fully brief you and set up your personalized administration dashboard for the management of the contest. We will also provide you with the following material:

  • Preliminary reading for the students
  • Supporting presentation for the contest
  • MCQ + answers
  • Problem + solution

Depending on where you are in the world, we would also be pleased to assist you in person or through our network of brand ambassadors for the organization of the contest 🙂

 

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Company stuff
Lucolimat Limited
#1404 Tung Wai Com. Bldg.
109-111 Gloucester Road
Wanchai, Hong Kong
[email protected]

Copyright stuff
All rights reserved © 2017


High-Risk Investment Warning

Forex foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, your level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices or other information contained on this website and the related mobile application are provided as general market commentary and do not constitute investment advice. We will not accept liability for any loss or damage including, without limitation, any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Accuracy of Information

The content on this website and of the related mobile application is subject to change at any time without notice and is provided for information only. We have taken reasonable measures to ensure the accuracy of the information on the website and in the related mobile application; however, we do not guarantee accuracy and will not accept liability for any loss or damage which may arise directly or indirectly from the content or from your inability to access the website or the related mobile application, or for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website or the related mobile application. It is important to make a distinction between indicative prices (displayed on charts) and dealable prices. Indicative prices are usually very close to dealing prices, but they only give an indication of where the market is.

 Distribution

This site and the related mobile application are not intended for distribution or use by any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website and users of the related mobile application to ascertain the terms of and comply with any local law or regulation to which they are subject. In particular, in-app real-money trading is not intended to be used by residents of the United States, Canada, European Union, Japan, Hong Kong, or Australia.

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Links to third-party sites, if any, are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. We neither endorse nor guarantee offerings of the third party providers, nor are we responsible for the security, content or availability of third-party sites, their partners or advertisers.

Worth Saying

Please, don't drink and trade.