The Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, announced the winners of TFEX Challenge Competition, an online derivatives trading contest, with the top master of derivatives trading making 240 percent profit within two months.
TFEX Managing Director Kesara Manchusree said this competition enabled investors to learn how to trade futures and options via TFEX’s Click2Win program; a simulator that mimics the real trading platform such as the Streaming Pro, and joined the Internet trading competition from September 2 to October 31. Trading experts from brokers mentored participants in managing their portfolios. In addition to improving their expertise, contestants had opportunities to win awards worth a total of THB100,000.
The first prize winner gained 240 percent profit within two months, proving that derivatives could boost returns in every market condition. The first place went to Peumsak Tongpaiboon, who ended up with a THB 17 million investment portfolio, up from the initial THB 5 million. The second place was Jarunya Puangnak, up 119 percent, ending up with a THB 10.94 investment portfolio. The third place went to Nalinrat Sricharoenrat, with 109 percent profit, with a THB 10.47 investment portfolio. The three winners received THB 50,000 prizes, THB 30,000, and THB 20,000, respectively.
“The winners are able to make high profits because they understood the principles of trading futures and options, and adjusted their strategies in line with market conditions. Most contestants had not been familiar with products and trading mechanisms before, but they learned quickly with advice from brokers about trading techniques – and investors can do the same,” Kesara concluded.