Currency pair trading, specially USDINR is the mostly traded currency pair in India. And why should not it be? It gives
1. The benefit of starting with as low as 2k capital. If you’re new in trading, you can start with only let’s say 10k to feel the real heat of market because paper trading never resembles real trading due to the sheer amount of pressure and decision making is involved in real-time trading. It’s also suited for those who have lost a lot in random index option trading and wanted to recover slowly but steadily. They can also start with low capital, gain confidence and then gradually infuse more money.
2. As the reserve currency of India, Dollar has high importance and thus its wild swing moves are tamed by RBI itself, so even the basic classical technicals work quite beautifully if someone puts effort to grasp that.
Our algorithmic trading is based on such strong technical background where loss is limited and profitability is ensured. Our backtesting on past 10 years’ data has been successful in 90% trades. We have implemented this system and opened it for all at FREE OF COST. Whomsoever is interested to take our algo trades in currency can avail it.
But there could be few doubts in the traders mind. So, we’re trying to answer them in this article.
Is it important to open an account in Motilal to get #CurrencyAMS ?
Yes. The trades are generated by Algo without any human intervention. We’ve set-up the system and API integration in Motilal. So, to avail our #CurrencyAMS this is the process you need to follow.
Why don’t you trade in option and trade only in future?
Well, option is suitable for BREAKOUT trades only. Else theta decay will eat the profit. It’s suitable for stock, because out of 187 F&O stocks we get 5 to 10 stocks where breakout happens and thus it’s easy to earn from option. But USDINR is an instrument which gives a steady and consistent move. It in general ranges from -0.50% to +0.50%, thus not suitable for option buying. It gives an average move of 5 to 7 point in a year.
Another reason being, unlike stock or index future, which takes 1.5L fund, USDINR future only requires less than 2k fund. With only 20k capital, you can take 10 lots. When we’re generating 1k to 3k profit, on absolute terms it might look less but in reality it’s more than 10% to 15% return INTRADAY.
You should always think in terms of percentage return, and not on absolute no. The profit of 1k on 20k capital can be extrapolated to 10k with 2L capital. You get excited to see 10k without realising the capital deployed to bring that profit.
How would you ensure capital safety?
Disclaimer: The information presented in this article is for informational purposes only and should not be considered financial advice. Investors are encouraged to perform their own analysis and seek professional guidance before making investment decisions.
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