Beijing-based AGM Group Holding (AGMH), an application software company providing accounting and ERP software, fintech software, and trading education software and website service, today announced the official launch of FXSC, an online trading education and social trading network platform for forex traders.
Live immediately in Chinese and English at www.fxsocialcontest.com, FXSC is a virtual social trading platform which provides trading education to users through interactive trading simulation and trading contests, the firm explained. Users can choose and participate available contests and compete for prizes in a real-time streamed, interactive demo trading environment.
Demo trading, also referred as virtual trading, paper trading, or trading simulation, is designed to give users, especially the ones with limited knowledge and skills, a risk-free trading environment to get familiar with the markets and trading tools.
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FXSC’s features include tiered trading contests with prizes and incentives, real-time multi-party interaction and more, according to AGMH.
Creating a multilingual, multi-asset social trading network
“Today’s FXSC version 1.0 launch marks an important milestone for AGMH as we expand our software application offerings into the trading education market with the launch of a new type of social trading platform. With further development and expansion, we expect to eventually create a multilingual, multi-asset social trading network where users around the world can improve financial literacy and horn trading skills on not only Forex, but also equities, bonds, commodities, options, futures and more,” said Wenjie Tang, chief executive officer at AGMH.
“We have high hopes of the Platform and believe it can evolve into a key line of business for AGMH in the near future,” Tang concluded.