Writing
San Diego State University FOREX Trading Using Oanda com Essay

San Diego State University

Question Description

I need an explanation for this Business question to help me study.

Login to OANDA (Currency exchange website) today using the credentials provided in the attachment and $100,000 of demo account money. Make a trade and hold until 3/31 and complete a 1-2 page paper detailing:

b.Which currency you traded and why? – Here I’m looking at what was your thinking and expectations by taking a currency position (for speculation purposes).

c.Compute the profit or loss you incurred.

d.Include a graph to show your beginning position and your close (last) position.

e.Explain at least one event that occurred during your holding time that affected the value of your position (i.e. central bank changed rates, good/bad economic news, etc.)

Attachment Text:

FX Trading Game Using Oanda.com (Report is due by end of day 02 April 2020).

This simple project will give you some hands-on experience trading currency. This project is worth 20 points. You’re welcome to collaborate with classmates and learn the platform together but each person has to submit his/her own, unique and individual report.

Note: making a profit isn’t the objective of this game so don’t stress if you don’t make a profit. I’m interested in your thought process, your analysis and report. Have fun pretending to be a currency trader/speculator.

Steps to accomplish:

1.Create a demo account (practice account) at www.oanda.com

2.Develop an understanding on how the platform works, look at training videos, use google.com; here are a couple YT videos to get your started:

a.https://www.youtube.com/watch?v=D1NBWthOmu4

b.https://www.youtube.com/watch?v=Yi_VFF9yePk

3.You’re required to make one currency trade and hold your position until 3/31, either sell or buy X currency (your choice of pounds, euros, yen, etc.). Make your trade by 3/15/2020.

LOGIN TODAY using this link and credentials:

https://www.oanda.com/demo-account/login?app_name=SecureSignIn

(see attachment for login info)

Make a trade using the $100,000 demo cash and hold until 3/31

4.Hold your position for 2 weeks; close your position by 3/31/2020.

5.Write a short report that includes the following (1-2 pages, prefer APA style but not required):

a.Name, date, class section (i.e. Finance 329 – Section XX)

b.Which currency you traded and why? – Here I’m looking at what was your thinking and expectations by taking a currency position (for speculation purposes).

c.Compute the profit or loss you incurred.

d.Include a graph to show your beginning position and your close (last) position.

e.Explain at least one event that occurred during your holding time that affected the value of your position (i.e. central bank changed rates, good/bad economic news, etc.)

6.Submit your report via BB

Your grade will be based on the completeness and concise analysis as evidenced in your report. Hint: when writing your report, pretend you’re writing it for an investor client or for the CEO of a corporation. They don’t have time to read long-winded reports!

Report is due by end of day 02 April 2020.

Unformatted Attachment Preview

FX Trading Game Using Oanda.com (Report is due by end of day 02 April 2020). This simple project will give you some hands-on experience trading currency. This project is worth 20 points. You’re welcome to collaborate with classmates and learn the platform together but each person has to submit his/her own, unique and individual report. Note: making a profit isn’t the objective of this game so don’t stress if you don’t make a profit. I’m interested in your thought process, your analysis and report. Have fun pretending to be a currency trader/speculator. Steps to accomplish: 1. Create a demo account (practice account) at www.oanda.com 2. Develop an understanding on how the platform works, look at training videos, use google.com; here are a couple YT videos to get your started: a. https://www.youtube.com/watch?v=D1NBWthOmu4 b. https://www.youtube.com/watch?v=Yi_VFF9yePk 3. You’re required to make one currency trade and hold your position until 3/31, either sell or buy X currency (your choice of pounds, euros, yen, etc.). Make your trade by 3/15/2020. LOGIN TODAY using this link and credentials: https://www.oanda.com/demo-account/login?app_name=SecureSignIn Make a trade using the $100,000 demo cash and hold until 3/31 4. Hold your position for 2 weeks; close your position by 3/31/2020. 5. Write a short report that includes the following (1-2 pages, prefer APA style but not required): a. Name, date, class section (i.e. Finance 329 – Section XX) b. Which currency you traded and why? – Here I’m looking at what was your thinking and expectations by taking a currency position (for speculation purposes). c. Compute the profit or loss you incurred. d. Include a graph to show your beginning position and your close (last) position. e. Explain at least one event that occurred during your holding time that affected the value of your position (i.e. central bank changed rates, good/bad economic news, etc.) 6. Submit your report via BB Your grade will be based on the completeness and concise analysis as evidenced in your report. Hint: when writing your report, pretend you’re writing it for an investor client or for the CEO of a corporation. They don’t have time to read long-winded reports! Report is due by end of day 05 April 2020. ...
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Final Answer

let me know if this is okay!

Mitchell Castro
01 April 2020
Finance 329- Section XX
Trading Paper using Oanda
For this project, the currency I decided to trade was $100,000 USD to Indonesian Rupiah
(IDR). On March 17th 2020, the Rupiah (Rp) dropped to its weakest value ever since the market
rout which occurred in 2018. That day, the Rupiah declined its value from around Rp 14.000 per
$1 USD to Rp 15.160 per $1 USD. The rather huge decline in its value was a result of the
increasing number of coronavirus cases i...

Duke University

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