You are a FOREX dealing team working for a large Singapore bank or a large Singapore Corporation. The goal of the assignment is to paper trade foreign exchange over a period of five consecutive days in either (11/03/2013 to 17/03/2013.The report should not exceed in total. This excludes the table of reference and reference list. The document should be formatted following the guidelines below and presentation guidelines:We are expecting you to follow the exchange rate closely over the period that you will develop your trading strategyThe following structure and guidelines are provided to assist you in writing your reports.This assessment enables students to have a practical view about trading FOREX. Students will learn about both domestic and international markets, drivers of FOREX, use the appropriates terms/languages in the field, calculate the profit and loss from their transactions, develop trading strategies, work in a team environment, financial reporting and the financial regulations surrounding this instrument.TAKE NOTE:1) CURRENTLY WE HAVE ALREADY DECIDED ON DEALING WITH THE PAIR USD/JPYARBITRAGE ON USD-MMK-SGD(MMK MYANMAR)2) DO INCLUDE WHAT ARE THE PROCEDURES IN INVESTING IN MYANMARS CURRENCY. BASED ON CURRENT MYANMARLAW3) WE ARE A COPORATION BASED IN SINGAPORE