AN INTERIM REPORT ON

AN ANALYTICAL STUDY ON FOREX MARKET

BY
MOHAN SAI KRISHNA
Enrolment No: 17BSP1575

Training Stock Market Health Insurance

Advisory Services Investment Planning

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AN ANALYTICAL STUDY ON FOREX MARKET
By
MOHAN SAI KRISHNA M
ENROLMENT NO: 17BSP1575

J Wings Manifest Wealth

A report submitted in partial fulfilment of the requirements of

PGPM Program of IBS Bangalore

SUBMITTED TO:

FACULTY GUIDE COMPANY GUIDE

Prof. Ravindra Babu S Megesh M

Date of Submission: 11-04-2018

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 ABSTRACT
Today, the Foreign Exchange market (referred to as the “Forex” or “FX” market) is the
largest financial market in the world, with a daily average turnover of over US$ 5.3 trillion,
making it a largest and liquid in the world. Hence, it is one of the fast paced, exciting markets
around. Foreign Currency is simultaneous buying of one currency and Selling of another.
Currencies are trade in pairs, for Ex: USD/JPY (US dollar vs Japanese Yen) or AUD/USD
(Australian dollar vs US dollar).
Until recently, forex trading in the currency market had been the domain of large financial
institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The
emergence of the Internet has changed all of this, and now it is possible for average investors
to buy and sale currencies easily with the click of a mouse through online broking accounts.
A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe
as the business day begins in each financial center followed below: SYDNEY TOKYO
INDIA LONDON NEW YORK SYDNEY The FX market plays an important role
in Overall International Market because the exchange rate, the price of one currency in terms
of another, is a major determinant of a nation’s economic health and hence the well-being of
all people residing in it. This report is on “Analytical Study on Foreign Exchange Markets”
of five Currency pairs (USD/JPY, AUD/USD,GBP/USD,USD/CHF,EUR/USD) and two
Commodity pairs i.e., Gold(XAU/USD) and Silver ( XAG/USD) and to produce a
report on the basis of Fundamental and Technical Analysis followed by interim news updates.
The first part of the report contains the “Overview of Training on basics of Domestic &
International Trade along with a snapshot of its various Charts and Financial Modeling
techniques to estimate the prices with the help of Fundamental and Technical Analysis. The
second part provides the snapshot of “Practice for 1 month in Demo version” which gives
clarity on trading terminologies. Trading on Demo version gives the confidence and energy to
control emotions and paves way for professional trading. The third part of the report gives
snapshot on “Client Acquisition” with respect to specific guidelines and parameters of
guaranteed and Non-guaranteed returns. The report also contains the general overview of the
United States of America (USA) economy and Federal Bank monetary policies and its impact
on respective currencies.

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 INTRODUCTION
About the company
Jwings it has a tie up with GBC FX – Grand Bloom Company, which is the platform provider
for our company. The company has more than a year in financial services. The company offers
technology based services to the clients to effectively monitor their portfolio and help them
reaching their financial goals, In terms of the investment centric the company’s single most
aim is to assist clients with dedication and integrity so that they exceed their expectation and
build up enduring relationships.

COMPANY’S MISSION:
To develop meaningful and lifelong relationship with clients by providing them the
highest quality services and address every aspect of their financial related issues.

COMPANY’S VISSION:
To be the most trusted and respected professional services firms recognised by our
clients delivering excellent services, which is value for money and more than their
expectations.

COMPANY’S VALUES:
 Integrity
 Pursuit of excellence
 Accountability
 Collaborations
 Passion

INDUSTRY
The company deals in the following
 Investment Planning
 Investment Products
 Training and Education

The company deals in Forex market, International commodity market.

In the forex market the company mainly deals with following currencies

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And in commodity market they deal with Gold and Silver

Silver

Gold

Practice with DEMO Trading Account with Meta Trader4 platform.

Before we use real account, it is a best way out to try demo account. Demo account is great to
learn the technical aspects of the software and to test the capability to trade. However, we can
open a FREE demo account with most forex brokers. To become a smart and successful forex
trader, Do Not open a live trading account until we are constantly trading PROFIBILITY on a
demo account. Learning Outcomes with DEMO Trading:
As a beginner to the market, Demo version play a vital role to learn the software and as well,
as learn the basic theory to use in practice. It helps to increase risk taking measures and being
yourself during the times of losses.
When the market is moving upside, trading with Meta trader4 platform helps to control
temptations when we does good and plan to take a next position in the market. To become a
successful trader ‘Right time’ is important to make ‘Correct profits’. Hence, it is important to
control our temptations to make profits every time and wait for real time.
It is said that 90% of people lose money, largely due to lack of planning, training, discipline
and having poor money management rules. Let us not be greedy on money since forex is not
about ‘Get Rich Quick Scheme’. Every successful trader in the world like Warren Buffet,
Jessy Livermore become rich in stock after execution of proper trading management rules.
It gets far too complicated to monitor more than one currency pair when we first start demo
trading. Stick with one of the majors because they are liquid which usually means tighter

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spreads and less chance of slippage. In addition, every trader has to focus on improving
trading processes to become professional forex trader.
It is to be note that there is ‘No shortcuts to forex trading’ since it takes lots and lots of
practice to experience a master skill. Practice with demo account until you find a method that
you know inside and out, and can comfortably execute trading objectives.

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