Global FX broker Alpari launches contest to raise profile of FX trading within sailing
Alpari, a leading global FX broker, has launched the Alpari Skipper Trading Challenge 2013 in cooperation with the Alpari World Match Racing Tour (AWMRT). Alpari supports the AWMRT, a prestigious international sailing series, as its title sponsor because we instantly recognised the natural parallels that align the sport with online FX trading.
Alpari World Match Racing Tour skippers take FX trading challenge on tour (Photo: Business Wire)
For the second consecutive year, Alpari is challenging all eight professional skippers competing on this season's Alpari World Match Racing Tour (AWMRT) to an FX trading contest that will take them around the world in currency pairs.
Running in parallel to the AWMRT 2013 sailing series, the challenge will see the skippers apply their unique skill set to a new activity conquering the FX markets. As with match racing, devising a winning strategy, evaluating risk and timing your moves can give you a critical edge. With the flexibility to trade on the go, the skippers will be able to keep an eye on their positions in the market as they travel from one sailing event to another across Asia, Europe and the US.
How does the Alpari Skipper Trading Challenge work?
With a staggering GBP500,000 of virtual money to trade with, each skipper has his own Alpari Demo account on MetaTrader 4, one of the most popular trading platforms in the world. With strategic support from fellow team mates, the skippers will aim to make as much and lose as little as possible by the contest finale on 9 October 2013.
The winning team will be decided during the Argo Group Gold Cup in Bermuda. With luxury Tag Heuer watches for the winning team, the stakes will be high!
Trading places
To launch the contest we tapped into the skippers' "inner trader" during the official stage-three Tour event, Stena Match Cup Sweden. See what they had to say about their chosen strategies at the start of the challenge in this video from the event.
Speaking at the launch, current AWMRT world champion Ian Williams remarked: "There are some parallels between trading and particularly the tactical side of sailing. It's a mixture of using the information you've got, but also going with your gut instinct at times."
Taylor Canfield, newcomer to the Tour and trading added: "This is our first time on the Alpari Skipper Trading Challenge, so we're looking forward to fighting it out with these guys on land and not just on the water. Trading has a lot of variables, just like sailing. Things can change in a moment and you just have to react. I think that's what we're looking forward to the most."
Track the skippers' progress
We'll be following the skippers closely over the next three months. Keep up to speed with all the action on the official Alpari AWMRT microsite and via our dedicated Twitter feed @AlpariSailing.
About the association of Alpari companies
Alpari serves global clients from offices in over 20 countries. Locations include London, New York, Tokyo, Shanghai (Representative Office), Dubai, Moscow, Mumbai and Frankfurt.
At Alpari we are more than a forex broker. We are a complete trading service, offering innovative trading technology combined with research and training packages. Alpari provides forex trading services worldwide on a range of cutting-edge trading platforms, including the popular MetaTrader 4 (MT4). Our long-standing partnership with the developers of MT4 allows us the opportunity to provide a tradition of excellence unique to any trading service package in the industry.
Alpari has a dedicated global sponsorship programme because we believe in sharing our passion with individuals, teams and supporters who value excitement, determination and loyalty as highly as we do. Our global sponsorship portfolio helps us reach out to traders and potential traders in key regions around the world. Some of our high-profile sponsorships include the Alpari World Match Racing Tour (title sponsor) and West Ham United FC (principal sponsor).
Forex, spread bets and CFDs are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your investment. You should ensure you understand all of the risks.
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Contacts:
Alpari UK
Chantelle Johnson
Global Head of Marketing
+44 20 7426 2800
