The idea is simple and based on a module used to train junior currency traders before letting them loose on the real thing.
FX Player takes real-time data from the foreign exchange (Forex) markets; players start with a notional £50m and buy or sell currencies against each other.
There's "virtual" millions to be won or lost, and even a cash prize for the winner. But for those who find they have an outstanding aptitude for the game the potential rewards are even greater - the chance of a job with a big City employer, though organisers will not yet reveal the identities of the interested firms.
The man behind FX Player, David White, knows exactly what he's dealing with - he worked in the City of London for 28 years, including time as a Forex trader.
Foreign exchange is the biggest financial market in the world and every day some $1.5 trillion are traded on it. Its principles are straightforward. The value of currencies such as Sterling, the Dollar, the Euro and the Yen, are constantly changing, reflecting the ebb and flow of economies around the world.
Just as British holidaymakers can find themselves a few quid better or worse off when they cash in their excess Euros after a break, thanks to a slight strengthening or weakening of the currencies, so traders seek to exploit these marginal differentials.
FX Player takes real-time data from the foreign exchange (Forex) markets; players start with a notional £50m and buy or sell currencies against each other.
There's "virtual" millions to be won or lost, and even a cash prize for the winner. But for those who find they have an outstanding aptitude for the game the potential rewards are even greater - the chance of a job with a big City employer, though organisers will not yet reveal the identities of the interested firms.
The man behind FX Player, David White, knows exactly what he's dealing with - he worked in the City of London for 28 years, including time as a Forex trader.
Foreign exchange is the biggest financial market in the world and every day some $1.5 trillion are traded on it. Its principles are straightforward. The value of currencies such as Sterling, the Dollar, the Euro and the Yen, are constantly changing, reflecting the ebb and flow of economies around the world.
Just as British holidaymakers can find themselves a few quid better or worse off when they cash in their excess Euros after a break, thanks to a slight strengthening or weakening of the currencies, so traders seek to exploit these marginal differentials.
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