Tag Archives: forex

When To Quit Your Job to become full time trader

By | June 29, 2013

I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a  full-time trader. Traders who have recently entered market and made good money also plan to become a… Read More »

Reason for Rupee Depreciation against dollar

By | May 29, 2013

As discussed in Morning post Rupee is trading near 8.5 month low,it has plunged almost 3% for the week. FII have been pumping money in India from the start of 2013 and for May alone we have seen flows of  $3 Billion mainly in Equities and Debt market. Also with $5.9 Billion Dollar Open offer… Read More »

Forex:USD INR breakout ,Weekly Technical Analysis

By | May 13, 2013

As discussed last week USD INR is near an all important support of 53.84, Holding the same bounceback is expected. USD Crossed our Trend Deciding level 54.15 and achived our target of 54.98 . Lets analyze USD INR technical for coming week. USD INR 4 Hour Chart USD INR 4 hour chart has broken out… Read More »

Benefits of Making a Trading Plan

By | April 3, 2013

I always suggests trader to create a trading plan before markets opens and strictly execute the trades as per the plan. Its a well know adage Plan the trade and Trade the plan.Most of traders trade impulsively in trading,without any plan, they go as per there intuition and end result is losses. I have written… Read More »

Currency USD INR Technical Analysis

By | April 2, 2013

As per readers request discussing the USD INR technical analysis and Intraday trading levels. USD INR 4 Hour Chart USD INR 4 hour chart is trading in a perfect symmetrical triangle , volatility has almost died signalling the advent of big move in round the corner.    USD INR Daily Chart   Breakout on daily… Read More »

Nifty Future Trading Strategy on Budget Day

By | February 27, 2013

Highlights of Economic Survey 1. FIIs sold 25  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 1.4 cores with net Open Interest increasing by 38839 contracts.FII has done rollovers yesterday and will trade heavily in March segment tommrow. 2. General Budget of 2013-14 will be presented tommrow at 11 AM. Lot… Read More »