Global Trader 247 (GT247), SA`s first and only online spread trading operation, has today launched an Internet spread trading challenge to all South Africans in collaboration with Business Report.
More exciting than simply trading equities, participants who accurately predict the short-term upward or downward movements of JSE and LSE stocks and indices stand to win valuable prizes, with the grand prize winner taking home R100 000 hard cash.
Traders, who start the challenge with R200 000 virtual capital, will buy and sell JSE and LSE stocks and indices through a real-time, instantaneous game trading system developed by GT247, that closely mirrors live spread trading. This means that challenge participants will face the same decisions as the largest UK and local traders!
The system will provide traders with delayed prices, financial news, personal Profit & Loss accounts and a live rankings table. Traders can also track their rankings in the nationwide Business Report newspaper where all "Jackpot" daily, mid weekly, weekly and overall winners will be announced in the "Markets" section.
Participants can enter free of charge by logging on to www.gt247.com, and clicking on the "Trading Challenge" button which will guide them to the game site to register. Registration begins on Monday, 28 May 2001.
Incredible prizes in addition to the grand prize include Lost City getaways sponsored by Sun City, the latest Panasonic audio players using SecureDigital technology, an executive short course programme sponsored by the Gordon Institute of Business Science and a fantastic range of "Jackpot" daily prizes.
However, if a game seems like child`s play, GT247 has now launched its live South African equity spread trading facility to the public. Current stocks to be traded include Didata, De Beers, Anglo American, Sasol and Sanlam, which can be traded free of charge requiring only 20% of the total capital as margin.
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