ECON5007 The Economics of Financial Markets Role-Playing Game 4 - MT4 (or MT5) similuation of a currency pair portfolio (Accounts, Trades, Trading journals)
Game background:
Quest Master Sinan Deng:Congratulations! Yourexceptional performance has caught the attention of ourinvestors, and they'vegranted you $100,000 for real-time trading. You'll be exploring the world of forex trading using the popular trading platform,MetaTrader 4(MT4), or MetaTrader 5(MT5).These electronic platforms are widely favoured by online retail foreignexchange traders. You have been handpicked to delveinto forex trading through the simulator provided byMT4 (or MT5).The simulator is accessible after a freeregistration and login, and it can be downloaded on yourphone or computer.
Game Clearance Requirements: To successfully complete this game (or attain full marks), you must:
1. Download and lnstall MT4 (or MT5).
2. Create a Demo Account: After installing MT4 (or MT5), launch the application, click on Accounts," and select the option to create a "Democcount." Choose "MetaQuotes-Demo" and fill inthe required details, including your legal name and university email address. Set the Account Type to"forex-usd; Leverage to "1:100," and Deposit to"$100,000.
3. Execute a minimum of three trades during the gaming period.
4. Based on your fundamental analysis and technical analysis, devise speculation strategiesthat enable you to take advantage of your predicted changes in exchange rates. You should specify which currencies you will buy or sell. Additionally, as part of your strategy, establish a portfolio and conduct a comprehensive risk assessment of your speculative positions. Effective portfolio risk management is essential.