Paddypowertrader Competition Encourages Spread Betting
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Game on as Dublin Trader Wins International Spread Betting Title
Fantasy spread betting mania has become widespread thanks to Paddypowertrader’s latest craze.
Spread bettors have been diving into a fantasy spread betting game, in which traders pit their skills against each other to win prizes, for the past month. The game has attracted hundreds of players in the last couple of weeks, since its launch on 13th of August.
A Dublin-based trader, username FionnualaR2, was the winner and successfully turned €10,000 of virtual money into €82,000 over the course of the competition.
The trading game encouraged players to trade on all markets and the results were judged on the account valuation for registered players at the end of the term on August 28th.
Prizes for the competition included a £1,000 funded account, subscriptions to FT.com as well as a number of trading books.
Most traders were eager to update the scoreboard and a list of all the top players were updated daily on the site. The game was open to all demo account holders registered on Paddypowertrader.
The Irish-based financial spread betting firm says that it has watched spread bettors grow their balances, since the demo spread betting competition began, by opening long and short positions on a number of markets including Oil, Gold, FTSE, DJIA etc.
“The fantasy spread betting game was really an exciting challenge for many of our traders. We were delighted to see so many people take up that challenge and getting involved. Using blogs, real time news and other tools, a lot of the traders were able to acquire high scores.
“The trading by the winner, FionnualaR2, was particularly interesting to watch. It just goes to show you how much can be done when traders compete against each other. We see this as another integral part of our developing consumer user experience,” said Davin McAnaney, Commercial Manager of Paddypowertrader.
Indices Prices with paddypowertrader
| FTSE Rolling Daily:
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5162.0 - 5163.0
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| Wall St (DJIA) Rolling Daily:
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9785 - 9789
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| DAX 30 Rolling Daily:
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5707.0 - 5708.0
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| S&P 500 Rolling Daily::
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1067.4 - 1067.8
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paddypowertrader Index prices quoted as of 15.00, 22-Sep-09.
paddypowertrader Account / Website |
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Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
Article provided / approved by paddypowertrader which is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 182110.
'Paddypowertrader Competition Encourages Spread Betting' edited by paddypowertrader, updated 22-Sep-09
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