Member Article

New scheme gives students a chance to become Crypto traders

New mobile trading platform, Pipster, has launched a programme to encourage more university students into the world of trading and challenge the exclusivity that surrounds the industry.

The Bull Run’s aim is to encourage young people to get involved with trading, and the company behind it is offering either two month’s work experience, or £1000 in trading credit to the student who comes out on top after the 28-day scheme.

The Bull Run is a 28-day trading challenge for university students at Hult International Business School, Imperial College, London Institute of Banking and Finance and Queen Mary University of London, running from the 5th November until the 2nd December 2018. Registration opened on the 1st October and will close on the 28 October – more than 260 students have already applied to take part.

Students will be provided with Pipster’s guide for entry-level starters in online Crypto and Forex trading. After signing up with their university email, they will be given full access to a virtual trading account, loaded with £10,000 credit to virtually trade with.

Participants will be able to use the full range of Pipster’s features, including comprehensive learning materials, an in-app community and its unique Social Sentiment Indicator for Bitcoin, The Curve.

Entrants will be required to provide a strategy report explaining what their strategy was, how they used The Curve, what they shared with the community and how they learnt from failures during the process.

Pipster’s trading specialists and a team of judges will analyse the data provided by all participants, including trading results and the strategy reports. The marking of students’ strategies will be weighted; 60% Trading data, 50% profitability, 15% strategy, 30% risk management, 5% trading frequency, 30% Strategy Report, 10% Community Participation.

The company will be awarding nine prizes in total including an award for the best performing university, four runner up prizes for most improved trader per university and the overall top trader, who will bag the £1000 credit or two month’s paid work experience.

Pipster is a trading mobile platform, launched by Finatext UK, that is set to disrupt the fintech market, as one of the UK’s first FCA-regulated trading apps. The app offers what it describes as ‘simpler and smarter trading’ of Forex and Cryptocurrency. Pipster’s goal is to educate the market about trading by providing information and learning programmes, as well as through its unique feature that helps to predict bitcoin trends according to an analysis of social media.

Rob Brockington, CEO of Finatext UK, said,

“Since it began, there has always been a ‘boys club’ mentality within trading – and that’s something we’re trying to break down. The Bull Run gives students a chance to learn about trading in a safe and virtual space, without the risks attached. The work experience we’re offering at the end of the scheme is an incredible opportunity, and one that doesn’t just have to stretch to a couple of months. If we find the right person we’d definitely look at bringing them on permanently at the firm.

“Pipster is all about opening up trading to everybody, and not just those that have come from a trading background or studied it. We just want to put trading on a level playing field where everyone can contribute, get involved and most importantly learn.”

Students from the stated universities can register to take part in The Bull Run on the Pipster website.

This was posted in Bdaily's Members' News section by Chris Owen .