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Forex Spotter1.0
Forex Spotter1.0
$
1.7802 DM
#NAME?
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Y #NAME?
Startup
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Main
Forex $potter
L
DOWN
SFr
FFr
0%
0%
#NAME?
USD/JPY
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USD/DEM
#NAME?
#NAME? 0.00
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0%
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GBP/USD
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###
0%
0%
USD/CHF
#NAME?
Closed Deals:
11
$0.00
Open Positions:
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Volume in Trade:
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Combined P/L:
#NAME?
Overall Volume:
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Average Return/Deal:
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Fed raises rates by 25 basis points
Open.Date/Time
Position (RIC/RIC)
Direction(UP/DOWN)
Amount
01-Feb-99
USD/DEM
DOWN
100,000 USD
01-Feb-99
USD/JPY
DOWN
100,000 USD
01-Feb-99
GBP/USD
DOWN
100,000 GBP
01-Feb-99
USD/CHF
DOWN
100,000 USD
01-Feb-99
USD/ITL
UP
100,000 USD
01-Feb-99
USD/FRF
UP
100,000 USD
01-Feb-99
GBP/DEM
UP
1,000,000 GBP
01-Feb-99
USD/DEM
UP
100,000 USD
01-Feb-99
USD/JPY
UP
1,000,000 USD
01-Feb-99
USD/DEM
UP
99,000 USD
01-Feb-99
USD/DEM
DOWN
90,000 USD
USD/DEM
USD/JPY
GBP/USD
#NAME?
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USD/CAD
AUD/USD
NZD/USD
#NAME?
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DEM/CHF
DEM/JPY
DEM/FRF
#NAME?
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#NAME?
Dow Jones Ind.
Nikkei 225
FTSE
#NAME?
#NAME?
#NAME?
NASDAQ
S&P Composite
US 30Yrs Bond Yield
#NAME?
#NAME?
5.5126%
US Federal Funds Japanese Discount Rate UK Base Lending
5.00%
0.25%
7.00%
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USD/CHF
#NAME?
CAD/JPY
#NAME?
GBP/JPY
#NAME?
SMI Index
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Gold
#NAME?
Swiss Discount Rate
1.00%
Main
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Dm
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$
0%
USD/ITL
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USD/FRF
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Performance:
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0%
Margin:
None
0%
0.0
Total Points:
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0%
0.0
Neutral
Average Points/Deal:
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0%
0.0
Neutral
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0%
0.0 Sfr
Neutral
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0%
0.0 Frf
Neutral
0.0 L
Neutral
s by 25 basis points
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GBP/DEM
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#NAME? $
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Dm
Neutral
Opening Rate
Spot Rate
Closing Rate
Paper P/L
Points
1.4990
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119.9800
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1.5677
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1.3634
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2351.8000
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6.3540
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2.3516
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1.5028
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120.3800
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1.5042
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1.5019
1.5039
#NAME?
1.5038
Totals:
USD/ITL
#NAME?
AUD/JPY
#NAME?
GBP/CHF
#NAME?
BCI Comit 30
#NAME?
Silver
$5.05
Italian Discount Rate
5.00%
USD/FRF
#NAME?
NZD/JPY
#NAME?
GBP/FRF
#NAME?
CAC 40
#NAME?
North Sea Oil
#NAME?
French Repo
3.3%
GBP/DEM
#NAME?
GBP/AUD
#NAME?
USD/ESP
#NAME?
DAX
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ECU
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German Repo
3.3%
#NAME?
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100.00%
90.00%
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
1
1
2
3
4
5
6
7
8
9
10
11
10
Main
$
Dm
0.00
0.00
#NAME? 0.00
0.00
0.00
0.00
0.00
0.00
#NAME? 0.00
0.00
0.00
0.00
0.00
0.00
0.00
FFr
0.00
0.00
0.00
0.00
0.00
0.00
SFr
0%
Paper $P/L
#NAME? 0.00
0.00
10%
Realised P/L
50%
60%
70%
80%
90%
Close.Date/Time
#NAME? ###
###
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01-Feb-99
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###
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01-Feb-99
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###
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01-Feb-99
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###
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01-Feb-99
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###
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01-Feb-99
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###
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01-Feb-99
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###
#NAME?
01-Feb-99
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###
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01-Feb-99
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###
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01-Feb-99
(227.70) DEM
(23)
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01-Feb-99
9.00 DEM
Totals:
1
###
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01-Feb-99
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###
40%
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0.00 30%
20%
1.50
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0.00%
7 0.00%
8
10
11
Realised Profits
$ #NAME?
Dm #NAME?
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Sfr #NAME?
Ffr #NAME?
L #NAME?
Totals:$ #NAME?
Totals: #NAME?
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Realised Losses
#NAME?
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100%
Overall
Uri Schneider
#NAME?
$100,000.00
#NAME?
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None
0
11
#NAME?
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$0.00
#NAME?
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1st May-16
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Overall
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I. Introduction
About Forex$potter
Except for being a collection of Excel spreadsheets, formulas, and Excel Visual Basic (VBA) code,
Forex$potter is a foreign exchange (forex) spot market and dealing simulation tool. The programme
facilitates recording and tracking forex deals. It is intended for both professional traders and students.
Forex$potter is unique mainly because it is used in a spreadsheet environment. While it is true that
there are many financial simulation games around, Forex$potter can, at any given time, switch from
simulated price movements and markets to real time prices as are displayed by any Reuters terminal.
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This means that Forex$potter can be used not only with computers connected to a Reuters terminal,
but also with any personal computer incorporating Excel!
By learning and experiencing Forex$potter, individuals, who have never bought or sold securities,
may learn about the decision-making process and risks associated with trading.
Additionally, investment professionals may be challenged by the analytical decision-making and
technical trading skills the game requires. Finally, users of Forex$potter can enter their own
real or simulated positions and watch their performance and account information under real
market conditions and prices.
II. Features
A. Game Mode Features
The Game Rates mode simulates a "real-time" forex market with constantly moving prices,
and financial news headlines, as the Trader attempts to react to the ever-changing economic model.
The Game allows a Trader to execute various forex transactions -- in seven different currency
exchange rates -- during changing market conditions over a period of time. As the Game progresses,
the combination of randomly generated pricing models, with varying economic scenarios
and selected event news, creates a volatile forex market to challenge the Trader.
Through the different market situations presented by the Game, the Trader must make decisions
regarding which currency to buy, sell, or hold, at which price, and in what amounts. The goal of the
Game is to obtain the highest position, or ranking title, by executing profitable transactions.
Features unique to the Game mode include:
* Simulated markets and price movements
* Simulated dealing and brokering
* Commissions
* Orders and cancellations.
* Individual monthly and weekly currency pricing graphs
* News terminal
* News flashes
* News Analysis
* Technical analysis options
* Rates alert requests
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(e.g. leverage) is also calculated in the Main screen and in the Overall Status screen.
C. Main Screen
The Main screen highlights important data relating to the Trader's current position and account value.
Additionally, when either the prices of securities change or the positions in the Trader's account
change, numerical fields are updated on the Main screen. Calculations monitored on the
Main screen include:
* Account Value
* Current positions data
* Paper and realised profits and losses
* Paper and realised points gained or lost
* Paper and realised profits and losses in dollars
* Volume of total open positions
* Volume of all deals made.
* Current market prices
* Margin levels
* Overall performance
* Average return per deal in dollars and in points.
* Market exposure
* Market sentiment
* Percentage and direction of a currency's fluctuation since opening a position.
* And much more
The Main screen is available in both Game and Real modes.
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to past price movements and which events or economic indicators have affected it the most.
The Deutsche mark and Japanese yen terminals are self explanatory as well as realistic.
Some of the main features of the DEM and JPY terminals are:
* A chart of all price movements.
* Most influential news screen.
* Technical analysis options.
* Bid/Ask spot prices.
* Direction and time of the last price move.
* Highest and lowest bids.
* The opening and closing rates.
* The number of moves since the start of the game.
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Since the forex market is open 24 hours a day around the globe, except on weekends, deals can be
made at any given business day on any given time. A trading day consists of 24 price moves
and there are 24 trading days in the Forex$potter trading month.
The Game mode continually tracks the changing forex market prices. Based on the information
displayed during each time period, the Trader may elect to watch, analyse, or trade.
By pressing the phone buttons on the main screen, on the toolbar, or by selecting 'Call Broker' from
the Forex$potter menu, the Trader can buy or sell currencies at the current market prices
displayed in the specific time period as well as to place or cancel an order. Throughout the Game,
news stories and headlines may appear on the screen (provided that the Game mode option is on).
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C. Margin Trading
The Forex$potter Game allows the Trader to margin positions. The use of a margin allows
leverage to be utilised by the Trader to maximise returns. The term, "margin", is loosely defined as the
actual or percentage amount of cash borrowed versus positions held in an account. Initial Margin
Level Requirements are defined as the minimum amount of equity required in an account to maintain
a position (or how much cash is required in an account on a percentage basis to own a position).
The Minimum Maintenance Margin Requirement for a position is defined as the minimum level of
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D. News Stories
News stories may appear on the screen during the Game. News stories are important to the
Game, because news directly affects the prices of the currencies being exchanged. Although some
news stories may reccur, they will by no means have the same effect on the market each time
they appear. The effect on the market will depend on the current market conditions and it is up to
theTrader to analyse the possible impact of each new story on each currency.
The Forex$potter market has some market "memory" so that news will be affecting the market for
longer than just one price move! Any particular price at a particular moment reflects all the major
news stories or events. Therefore, it is useless to look for a particular equilibrium level since the
Forex$potter market's equilibrium changes constantly!
E. Game Over
The Forex$potter Game continues until any one of the following events occur:
1.
2.
3.
4.
In addition, the Trader may restart the game at any time by selecting the 'Restart' option in the
Forex$potter menu bar.
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relatively low and sell relatively high, or sell relatively high and buy relatively low.
1. Buy on rumor, sell on news;
2. Do not force transactions, be patient and wait for the appropriate price levels to be reached
before trading;
3. If a position moves against you, cut your losses and get out of losing positions;
Further Instructions and explanations will be included in later versions. Enjoy!
***************************************************************************************************************
Uri Schneider
email: leu97us@rdg.ac.uk or u.schneider@easynet.co.uk
****************************************************************************************************************
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rs terminal.
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fined as the
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