Mode of learning : Short programs-ClassRoom
Domain / Subject : Banking & Finance / Accounting
Function : Marketing
Trainer name : Dr Smita Roy Trivedi
Starts on : 19th Aug 2014
Duration : 5 Days
Difficulty : Advanced
Programme in Technical Analysis for Forex Dealers
The forex market, globally seen as the largest financial market, has reported a turnover of $ 5.3 trillion a day according to the 2013 BIS (Bank of International Settlements) triennial Report. There has been a phenomenal growth of foreign exchange markets in the last three decades, helped by improvements in telecommunications and a move towards flexible exchange rate regimes worldwide. This growth is contributed by an increasing activity of banks and financial institution in forex markets globally and an increased participation from the retail segment.
However, proprietary trading has become increasingly challenging, given the volatility of exchange rates worldwide. The movement of emerging markets currencies in the past one year has once again shown that exchange rates remain difficult to forecast, given the complexity of fundamental factors impacting them. In this situation, traders are supplementing technical analysis with fundamental analysis, especially in foreign exchange markets, to make informed decisions based on study of available information. Technical analysis is basically the study of market action, mostly through use of charts, for forecasting future price trends (Murphy, 1999). As opposed to fundamental analysts who are concerned over the causes of market movement, technical analysts are concerned with the impact on market movement. Technical analysis remains very popular with currency traders, given its adaptability to any trading medium and time dimension.
Programme Fee (per participant)
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