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Thursday, December 3 - 2009

DubaiPTG opens for business, announces training programme

  • United Arab Emirates: Sunday, December 23 - 2007 at 11:11
  • PRESS RELEASE

The Middle East's first independent trading arcade - Dubai Professional Trading Group (DubaiPTG) - announced the launch of its competitive in-house training programme for regionally-based professionals who want a dynamic new career in trading both regional and global financial markets.

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  • James Hume, Ben Floyd and Kevin Day.
    James Hume, Ben Floyd and Kevin Day.
The DubaiPTG Training Programme is the Middle East's first-ever, hands-on course developed and managed by established traders who have successful track records of trading. It offers a unique opportunity for fresh traders from all backgrounds to develop the required knowledge and skills in trading as a self-employment opportunity, using their own capital.

"DubaiPTG is offering the Middle East's would-be traders the region's sole existing opportunity to learn and benefit firsthand from experienced traders, rather than those who understand and teach the theory of trading,"


explained Kevin Day, Chief Operating Officer, DubaiPTG. "With the DubaiPTG Training Programme, we understand that the ongoing interaction with both mentors and existing traders are vital to the ultimate success of individual traders."

The programme, which begins in January 2008, will see trainees from the region studying the principles of trading the world's financial markets. Participants will have access to sophisticated trading technology, dedicated connectivity to markets, market data, analytics, clearing and settlement services, and will benefit from wholesale rates of commission on each trade.

DubaiPTG has now activated all facilities required to trade electronically, including a high-tech trading room, sophisticated risk management systems and dedicated leased line connections. In addition, traders will be supported around the clock by on-site risk managers.

"The support to fledgling traders from DubaiPTG does not cease at the end of the six-month training programme," continued Day. "We realise that no one learns at the same pace and also that the capital and commodity markets are in a constant state of flux, so there are always new angles and opportunities to make money."

There is no fee for the course as the sole purpose is to train the individual to become a profitable trader, an aim which will both increase the size of DubaiPTG and provide a unique income and lifestyle for the trader.

DubaiPTG, a joint venture between experienced Dubai-based market professionals and the Dubai Multi Commodities Centre - a Government of Dubai initiative, provides the first trading hub in the Middle East for both professional and new traders looking to establish a base in one of the world's fastest growing, safest and exciting cities.
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Notes and media contacts

The DubaiPTG Training Course Specifics

The Course will take place over six months, which is the accepted minimum amount of time required to develop a trader to be confident in trading successfully.

Each course holds a maximum of 10 applicants and commences with a one- month intensive training program where no actual trading takes place.

The initial focus is on lower risk spread trading, so that trainees get to a point where they are able to place basic trades. This is coupled with core training in trading fundamentals; technical analysis; risk and money management and market psychology. Core training is followed by a five-month mentoring program with gradually increased trading activity.

The courses will be taught in English although the international markets will be able to be viewed in Arabic as required.

Applicants

There are no minimum academic requirements to become a successful trader but applicants will have to demonstrate a commitment to the work required to become successful and undergo a psychometric test to identify the basic skills needed to trade markets effectively. As DubaiPTG traders are self-financed, a minimum deposit of $50,000 paid into an escrow account will be required for future margin requirements.

Media contact:

Rachel Watts
The Portsmouth Group
Tel: +971 4 369 3572

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