The Times Australia
News From Asia

.
The Times Real Estate

.

Phillip Nova Launches Forex/CFD Trading Challenge for Young Investors, Featuring a Grand Prize of S$1200

The annual Phillip Nova Young Investors Trading Challenge offers an invaluable platform for novice traders aged between 18 and 30 to sharpen their trading skills, vie against friendly competitors, and vie for a dazzling grand prize of up to S$1200.

SINGAPORE - Media OutReach - 22 August 2023 - Following the success of the Phillip Nova Young Investors Trading Challenge of 2022, where more than 400 budding young traders engaged in intense competition, the annual trading challenge makes its return in 2023. This time, on a grander scale, with even more exciting prizes up for grabs.

Across a span of 15 days, contestants will harness the power of the Phillip MetaTrader 5 trading platform to engage in Forex and Contract for Differences (CFD) trading within a simulated environment. Each participant will operate with a virtual equity of US$100,000 in credits.

The participants having the highest equity at the challenge's conclusion stands a chance to secure the grand prize of up to S$1,200. In a bid to foster learning and celebrate youthful investment, a total of 20 prizes will be distributed. The top prize amounts to S$1,200, followed by S$600 for the first runner-up, S$300 for the second runner-up, and S$50 prizes for participants ranking 4th through 20th.

Notably, in the 2022 iteration of the trading challenge, the ultimate victor, an undergraduate at the Singapore Management University (SMU), achieved an impressive feat by tripling his account within a mere 9 trading days.

This year's challenge kicked off on 21 August and is set to conclude on 8 September, offering young investors in Singapore the chance to showcase their trading prowess. Registration remains open throughout the trading challenge period.

Participants were granted the privilege to partake in a live trading bootcamp, conducted by the accomplished professional trader and coach, Ang Kar Yong. The bootcamp covered essential topics such as fundamental and technical analysis, formulation of trading plans, and, crucially, the art of risk management. Moreover, participants enjoyed an extensive Q&A session with the coach, during which numerous insightful inquiries from the intellectually curious young investors were answered. Find the recorded session here.

The Phillip Nova Young Investors Program, inaugurated in 2020, has organised an array of events and initiatives. Their mission revolves around advancing financial literacy among Singapore's budding investors. These initiatives encompass diverse trading and investment bootcamps, dynamic trading challenges, and comprehensive training sessions conducted by industry experts. In a digital age awash with information, the necessity of reliable and quality sources of financial education for young investors has become paramount.

Upon the conclusion of the challenge, on 14 September 2023, Phillip Nova has an exciting plan in place. Phillip Nova will be organising a closing/networking event that will be held physically, providing participants with the opportunity to come together, network with like-minded individuals, and connect with industry professionals. This event aims to foster a vibrant community of young investors keen on learning and growing together.

Young traders who are interested can sign up for the challenge here.

Hashtag: #PhillipNova #Investment #MT5 #CFD #TradingStrategy #TradingChallenge #Competition




Young Investors Telegram:

The issuer is solely responsible for the content of this announcement.

About Phillip Nova

Phillip Nova (formerly known as Phillip Futures) was inaugurated in 1983 as a member of PhillipCapital Group and is one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT). We have since grown to become one of the region's top brokerages for the trading of Stocks, CFD, Forex, global Futures and Commodities. The Group has clearing memberships in 21 global exchanges, including APEX, BMD, CME Group exchanges, DGCX, HKEX, ICDX, ICE Singapore, JPX Group exchanges, NSE, TFEX, TOCOM and SGX Group exchanges.

The Times Features

Why You Need an Expert Electrician for Your Business’s Electrical Upgrades and Repairs

When it comes to maintaining and upgrading your business’s electrical systems, it’s essential to call in a professional. Electrical work in any commercial setting requires the ex...

Why Is It Crucial to Have a Building Inspection Done Before Buying a New Home?

Purchasing a new property is a big financial decision that can impact your future for years. Whether you are a first-time buyer or an investor, good or bad, it is essential to en...

Online Application for Sick Leave Certificate: Understanding When and How to Secure One

A sick leave certificate is an official document issued by a healthcare professional to verify an individual's inability to attend work due to illness. It typically includes the ...

A No-Fuss Guide to an Effective Beauty Routine

Taking care of the skin and appearance need not be complicated; it need not even consume your hours of time. Smart and simple approaches can give one that glow and fresh look witho...

Safe & Effective Tattoo Removal in Auckland – What You Need to Know

If you're looking for tattoo removal in Auckland, modern laser technology offers the safest and most effective way to fade or completely remove unwanted ink. Whether it's an outd...

Fleece-Lined Tights vs. Regular Tights: What’s the Difference?

When temperatures drop, choosing the right pair of tights can make a significant difference in comfort, warmth, and durability. Whether you wear tights for fashion, work, or outdoo...

Times Magazine

The Ultimate Guide to Apple Watch Faces & Trending Wallpapers

In today’s digital world, personalization is everything. Your smartwatch isn’t just a timepiece—it’s an extension of your style. Thanks to innovative third-party developers, customizing your Apple Watch has reached new heights with stunning designs...

The Power of Digital Signage in Modern Marketing

In a fast-paced digital world, businesses must find innovative ways to capture consumer attention. Digital signage has emerged as a powerful solution, offering dynamic and engaging content that attracts and retains customers. From retail stores to ...

Why Cloud Computing Is the Future of IT Infrastructure for Enterprises

Globally, cloud computing is changing the way business organizations manage their IT infrastructure. It offers cheap, flexible and scalable solutions. Cloud technologies are applied in organizations to facilitate procedures and optimize operation...

First Nations Writers Festival

The First Nations Writers Festival (FNWF) is back for its highly anticipated 2025 edition, continuing its mission to celebrate the voices, cultures and traditions of First Nations communities through literature, art and storytelling. Set to take ...

Improving Website Performance with a Cloud VPS

Websites represent the new mantra of success. One slow website may make escape for visitors along with income too. Therefore it's an extra offer to businesses seeking better performance with more scalability and, thus represents an added attracti...

Why You Should Choose Digital Printing for Your Next Project

In the rapidly evolving world of print media, digital printing has emerged as a cornerstone technology that revolutionises how businesses and creative professionals produce printed materials. Offering unparalleled flexibility, speed, and quality, d...

LayBy Shopping