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foreign.exchange
an online currency exchange simulation
"Buy when everyone else is selling and hold until everyone else
is buying. That's not just a catchy slogan. It's the very essence
of successful investing."
about.forex
A Forex game is a simulation in which a person is allowed to make Forex trades without the risks associated with a 'real' Forex transaction. All money is virtual, with a higher amount being bestowed at the beginning of the game. Throughout the course of the Forex game, a person makes trades as if they were doing it for real. This involves being able to see the Forex ticker, which shows all of the fluctuating currency rates as well as any other resources that might be of assistance if one were trading for real.
IMPORTANT.NOTE
Forex does not support Internet Explorer, so please use Firefox or Netscape
On 8th of March at 12:00 pm sharp, the first round of forex will end
The top ren players (as according to the rank , finally calculated on March 8th, 12 pm) will be invited for the second round to be held at IIITM on 13th of March
Please visit your account to know your final rank and for further details
The Prize money for forex are 1.) 5000 INR 2.) 2500 INR
for.more.info
Forex (Foreign Exchange, Forex currency exchange) simply means the buying of one currency and selling another at the same time. In other words, the currency of one country is exchanged for those of another. The currencies of the world are on a floating exchange rate, and are always traded in pairs Euro/Dollar, Dollar/Yen, etc. In excess of 85 percent of all daily transactions involve trading of the major currencies. Four major currency pairs are usually used for investment purposes. They are: Euro against US dollar, US dollar against Japanese yen, British pound against US dollar, and US dollar against Swiss franc. The following notation is used for these currency pairs: EUR/USD, USD/JPY, GBP/USD, and USD/CHF. You may consider them as "blue chips" of the FOREX market. No dividends are paid on currencies. The investment profits come from well known "buy low - sell high". If you think one currency will appreciate against another, you may exchange that second currency for the first one and stay in it. In case everything goes as planned, some time later you may make the opposite deal - exchange this first currency back for that other - and collect profits.