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Shrestha Wins MEX Trading Challenge-2016

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Shrestha Wins MEX Trading Challenge-2016
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July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management skills.

MTC-2016 opened from 30th May 2016 and concluded on 9th July 2016. Initially the participants were provided with Rs. 500,000 opening balance which they had to use to trade in demo account. Participants were required to increase their balance/equity using their trading skills and strategies. Free training program was also organized for the participants to enhance their trading kills.

First, second and third position holders collected the equity of Rs 2,688,638.79, Rs 2,682,087.80 Rs 2,219,152.95 respectively within the 30 trading days. The winner bagged a prize worth Rs 30,000 along with other gift hampers. Similarly 2nd and 3rd position winners were awarded with prizes worth Rs 20,000 and 10,000 respectively. Abhiyan Upadhyay from NIBL Capital was honored for performing as the Most Consistent Trader of the challenge. The winners were given trading account along with certificate and trophy by Jitesh Surendran, CEO of MEX Nepal. 

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