INTERNSHIP PROJECT REPORT

Jan – June 2023

Trading and Analyzing the FOREX Markets, Commodities and Stock markets

Submitted by

Arpit Choudhary

PRN 19070123015

Under the Guidance of

Name of Faculty Mentor Name of Industry Mentor

Prof. Priyanka Tupe Nikhil Morey
Designation: HR

Department of Electronics and Telecommunication Engineering

SYMBIOSIS INSTITUTE OF TECHNOLOGY, PUNE

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 DECLARATION

I hereby declare that the project work titled “Trading and Analyzing the FOREX
Markets, Commodities and Stock markets” is an authentic record of my own work
carried out at StarFing as requirements of five months internship semester for the award of
degree of B.Tech. Electronics and communications Engineering, Symbiosis Institute of
Technology, Pune, under the guidance of Nikhil Morey and Prof. Priyanka Tupe, during
Jan to June, 2023.

Arpit Choudhary
19070123015

Date: 01/05/2023

Certified that the above statement made by the student is correct to the best of our
knowledge and belief.

Prof. Priyanka Tupe Nikhil Morey, Starfing

Faculty Mentor Industry Mentor

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 ACKNOWLEDGEMENT

I, Arpit Choudhary, am eternally grateful to Starfing Pvt Ltd for providing me with the
opportunity to work as an intern in their firm. I'd like to thank my Company Guide, Mr.
Nikhil Morey, HR, for providing me with a tremendous chance in FOREX, Commodities,
and Stock Market Trading and Analysis. I would also like to thank the entire Finance and
Bangalore Team at Starfing Pvt Ltd for making my internship such a rewarding learning
experience. I'd also like to thank my faculty guide, Prof. Priyanka Tupe, for her support
during my internship journey.

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 Table Of Contents

S. Particulars Page
no. no.
1. Introduction to Company 1-3
2 Description of Allotted Work 4-5
3 Details Of work Done 6-26
4 Learning Outcomes 27-28
5 References 29
6 Annexure 30
7 Similarity Index 31-32

List Of Figures

S. Particulars Page
no. no.
1. Trading Lifecycle 1-3
2 Description of Allotted Work 4-5
3 Details Of work Done 6-26
4 Learning Outcomes 27-28
5 References 29
6 Annexure 30
7 Similarity Index 31-32

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 Introduction to Company

Introduction and registration: Starfing Private Limited is an Indian stock, share,

currency, and commodity brokerage firm. The company operate on a distinct retail-focused
stock trading model, providing cutting-edge trading platforms and expertise to a diverse
client base.
Starfing is a Bangalore-based financial services business. It’s major areas of competence
are stocks, forex, COMEX, and crypto currencies-training and consultancy. Its primary
goal is to serve as a torchlight to highlight the way of trading and investing in the financial
market to individuals, corporations, and investors/traders.

Company Registration Details

• AP0397134991 (NSE)
• AP0397134991 (NSE-SX)
• AP0397134991 (NSE F&O)
• AP0106120157353 (BSE)
• AP0106120157353 (BSE F&O)
• AP 111340(MCX)
• AP 111340 (NCDEX)

Star Fing Corporate Identity Number U74999KA2018PTC117623. KR03D0029133

(2011), & 3/93/5/3594/2014 and also SEA-HYD-ALO/03/74653/2018

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Services:

1. Investment solutions.
2. Wealth Management.
3. Forex solutions.

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Company’s Vision and Mission:
Mission
The objective of the company is to deliver comprehensive and creative brokerage solutions
to our clients, backed up by dependable support services at exceptionally affordable
pricing.

Vision

Star Fing's objective is to eliminate "complexity" from the "trading equation." We also
hope to become one of the country's leading financial service providers. Star Fing is a
renowned Training and Consulting organization headquartered in Bangalore, India. Our
primary areas of expertise include Stocks, Forex, COMEX, INDICES, and Crypto Training
and Consulting.

We also offer training; our goal is simple: we teach you how to invest your money and
make money. If you've ever wondered how to become a trader, what to trade, what trading
software to use, or just how to learn about the market, you've come to the right place. We
offer a broad range of financial training courses centred on price action trading through our
trading programme, so whether you are interested in trading futures markets, commodities,
or day trading the currency markets, we can teach you how to trade consistently and
profitably.

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 Description of allotted Work

Part 1

Trading in the Forex and stock markets necessitates a variety of skill sets. To get the most
out of the markets, a trader should be familiar with basic terminologies and risk
considerations. The first half of this internship is spent learning the fundamentals of stock
trading and forex terminology. It contains information on market participants, platform
knowledge for technical analysis, and trader lifecycle. This section also covers the
fundamentals of technical and fundamental analysis on several platforms.

Part 2

The second component of the project requires the interns at Starfing to persuade at least
one investor to invest in the FOREX and Commodities Market. The key advantage of this
component of the project is that it provides hands-on experience managing an investor's
trading account and live intraday trading in the FOREX and Commodities Markets.
Another advantage is that it helps interns develop trader psychology, money management,
and risk management.

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Part 3

This phase includes a simple python program for screening of stocks included in Nifty
500. (Indian stock analysis).

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 Details Of work

Introduction
Trading in the FX market transforms the secondary market forest into a pricey private
island like Bird Cay. When forex traders trade, they typically purchase and sell various
currencies throughout the FOREX and Commodities markets. Trading and analysing
change in FOREX and commodity markets is a large and fascinating undertaking that one
might take on. Accurately evaluating and trading FOREX currencies necessitates currency
and commodity market training and expertise. Because currencies in the FOREX market
are traded in pairs, dealers constantly exchange one currency for another (purchasing one,
selling the other), exactly like an exchange booth. The following currencies are listed as
the "majors of the currency market," or those most frequently exchanged by traders: EUR
(Euro), USD (U.S. Dollars), CAD (Canadian Dollars), GBP (Great Britain Pounds), AUD
(Australian Dollars), JPY (Japanese Yen), and CHF (Swiss Francs). The US dollar is
always associated with these seven major currencies. As a result, this is the most profitable
trading market in the world because it involves different trading timings. There are other
perks like as complete access, variable fees and commissions, and leverage, among others.
Fundamental and technical analysis are the two primary methods for analysing the market.
Both are critical tools for any investor or trader looking to profit. Analytical Methodology
Fundamentals: Fundamental methods are forecasting techniques that forecast future price
movements of any security based on economic, geopolitical, ecological, and other related
environmental factors, as well as data that affect basic demand and supply behavior in
financial securities.

Fx Players
Some of the major market players are:
• Commercial & Investment Banks
• Central Banks
• Investment Managers and Hedge Funds
• Portfolio managers
• Multinational Corporations

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• Individual Investors
• Institutions and companies

A trade is simply the transaction between two parties, such as the exchange of cash for a
bond in a securities trade or the exchange of two currencies in an FX trade.

The Trade Lifecycle

A trade's lifespan refers to the series of events that occur and processes that are
implemented when a trade occurs. The Trade lifecycle has five stages:
1. Pre-trade: It entails the creation of systems, processes, and protocols.
2. Trade execution: Once a client is registered in an institution's system, the institution is
willing to enable trading on that client's behalf.
3. deal clearing: When a deal is conducted, the agreed-upon transaction does not instantly
complete. We can tell the difference between three transaction dates.
4. Trade settlement: The fulfilment of an agreed-upon transaction.
5. continual position and risk management: Throughout the transaction lifetime, continual
position and risk management is required.
Trading lifecycle

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Chart Patterns
Stock chart patterns frequently indicate the changeover between rising and sliding trends.
A pricing pattern is a distinct arrangement of price movement that can be determined using
a sequence of trendlines and/or curves.
A reversal pattern happens when a price pattern suggests a shift in trend direction; a
continuation pattern occurs when the trend continues in its current direction after a brief
break. Traders employ a variety of patterns.
Meta trader technical chart window

Objectives
1. Examining the movement of the FOREX and commodity markets, as well as the many
trends that affect these markets. (During the analysis, we will use EUR/USD in the FOREX
market and Gold in the Commodities Market as examples.)
2. To entice new clients / investors to trade on the FOREX and Commodities Market
trading platform, which will handle all of their FOREX and commodities transactions.

Implications
(Expected Benefit) The key advantage of this endeavor is gaining extensive understanding
of the volatile FOREX and commodity markets.

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Research Methodology
The current research examines the price movement and trend of the FOREX and
commodities markets by utilizing two underlying assets, the most widely traded EUR/USD
and Gold.
Technical and fundamental analysis are the two major methodologies for analysing the
movement. We will be able to determine price movement and forecasted trend using the
fundamental method of analysis by looking at daily news channels such as CNBC TV and
web fundamental references such as forexfactory.com, babypips.com, investing.com,
fxempire.com, fxstreet.com, and finally starnetfx.com.
We will be able to determine the price movement and forecasting trend using numerous
instruments under the technical approach of analysis. This strategy entails analysing
patterns to determine the entry and exit positions of any transaction. There are a variety of
tools available for analysing price movement and forecasting trends, including candlestick
patterns (bullish and bearish patterns), Fibonacci retrenchments / levels, RSI, Stochastic
Calculator, Bollinger Bands, and Ichimoku Kinko Hyo.
Limitations of Study
1. Because of the composite price determination process, the variations in FOREX and
commodity rates are influenced by a variety of reasons and variables.
2. International political and economic issues (COVID-19) have the greatest influence on
currency and commodity rates, creating uncertainty about trend progression.
3. When an investor or trader invests in the FOREX and Commodities markets, he is
subjected to significant leverage, which means that profits and losses can be multiples of
the initial trading capital.
4. The free interchange of information on the internet and social platforms to research
market conditions and invest without thorough research carries a high level of risk.

Analysis of Data
Many strategies and models are used to analyze when to enter and exit the FOREX and
commodity markets. This study is critical since it assists brokers in making the best, easiest,
most accurate, and most profitable deals for their potential clients. To demonstrate how the
study is carried out, we will examine the price movement and trend of the EUR/USD

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(underlying asset of the FOREX market) and Gold Futures (underlying asset of the
Commodities Market).

Fundamental Method of Analysis

Fundamental Analysis (News and References)
Under fundamental analysis, the FOREX and commodities markets are widely studied by
researching all elements that affect exchange rates and commodity demand and supply, as
well as employing international news and an economic calendar. To examine the
EUR/USD and Gold Futures prices, we will go over how to make decisions utilising
analysis from experts all around the world who provide market circumstances and attitudes
for different sorts of traders. Experts on news channels present highlights of EUR/USD
and Gold Futures behaviour and predict market movement using prior trends or by
explaining their findings. Another way to analyse EUR/USD and Gold Futures prices is to
use web resources such as forexfactory.com, which provides all major decisions made by
countries that affect their economy status, such as Unemployment Rate and Trade Balance,
while also showing their previous result, forecasts made, actual result, and the + or -
change. Another web reference is investing.com, which is the number one platform for
trading and fundamental news reference on all commodities, currencies, and equities, with
expert advice backed up by historical data and expert technical analysis.

Technical Method of Analysis

Candlestick Patterns

Candlesticks are a significant indicator of technical analysis. The diverse patterns of

candlesticks develop because numerous investors and brokers trade on a regular basis, and
these repetitive trades follow a precise pattern. Candlesticks are important in trading
analysis because they provide the most straightforward visual representation of the
secondary (FOREX and commodities) market. While analysing a single candlestick, we
may obtain substantial information on the opening price, highest price, lowest price, and
closing price of each candlestick, which will allow us to predict the price trend and
momentum. We all know that candlesticks are one of the simplest visual representations of

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the exchange market, providing more indicators than bar charts. Using this information
gives a win-win situation for both the market and the traders, and all trading signals can be
analysed thanks to candlesticks. Personally, I believe that candlesticks work best when
combined with other tools such as support and resistance, trends, and other technical
indicators. Generally, traders believe that candlestick patterns are the language of the
market, and that candlesticks are the alphabets. If one can understand candlestick patterns,
he or she will be able to forecast any trader's thoughts and actions. To further understand
how candlestick patterns are evaluated, we will use two underlying assets from the
currency market (EUR/USD) and the commodities market (Gold Futures).

GOLD FUTURES (4 hours Chart)

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In the above chart, we were able to identify four candlestick patterns that anticipate the
direction and trend of gold futures. The first green arrow indicates a bearish three inside
down pattern in which the first candle closes near its high, the second candle closes low
while closing in the body of the first, and the third candle closes below the low of the
previous two candles; this pattern provides some information that the trend is
strengthening. The grey arrow indicates an engulfing bearish candlestick reversal, which
occurs after an uptrend. The white candle totally engulfs the previous black candle, which
is an excellent indicator for entering a short position. The blue arrow indicates a three
outside up bullish candlestick pattern, where the first candlestick is white and is followed
by two black candlesticks, indicating a trend reversal. The final orange arrow depicts a
shooting star candle stick pattern, in which two white candles appear following two
continuous black candles, indicating a continuous reversal.
EUR/USD (4H CHART)

On the 4H chart, we were able to identify four candlestick patterns that predicted the
direction and trend of EUR/USD. The first blue arrow indicates a three white soldiers
candlestick pattern in which the first candle (white) is in a downtrend, the second black
candle is in an uptrend while closing above the previous candle, and the third closes above
the two previous candles and is black; this pattern suggests that there is a strong reversal.
The orange arrow indicates a three black crows bearish candlestick pattern, in which the
first black candle is in an uptrend, the second is a white candle, and the opening price is
within the black candle and closes below the previous closing price, and the third candle
closes below the previous candles, indicating that there will be a strong slump in the future.
The grey arrow indicates a bullish harami two candlestick patterns in which the first candle

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is white and bearish and the second candle opens at the previous candle's closing price and
is black, indicating that there will be a short window of bullish position. The last green
arrow depicts an evening shooting star candle stick pattern, in which two white candles
follow a single black candle, indicating a continual reversal.

Pivot Point Analysis (Resistance and Support)

A pivot point analysis is a technical indicator (tool) that is used to examine the trend of the
exchange market over a variety of time periods, but it is most typically employed on a daily
basis. The pivot point is the average of the preceding day's high, low, and closing prices.
A pivot point analysis is typically performed in conjunction with determining the currency
or commodity's support and resistance levels. Most technical analysts utilise support and
resistance levels to determine entry and exit prices on charts of various time frames where
the possibilities of success outweigh the chances of failure and reversal of the previous
trend. As a result, pivot points are highly useful for intraday traders because they focus on
minor price swings. Traders can trade freely and occasionally even breach these S & R
levels, just like support and resistance levels. Market psychology is a key part of pivot point
because traders and investors place trades based on previous trades and behave in response
to dynamic market conditions to forecast future trends. To further understand how pivot
point analysis and support and resistance are calculated, we will use two underlying assets
from the currency market (EUR/USD) and the commodities market (Gold Futures).

PIVOT ANALYSIS FOR GOLD FUTURES

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The pivot points for defining our resistance and support levels for Gold Futures are
computed in the two figures above. To determine the suitable support and resistance levels,
as well as the entry price, we used the annexure formulas to draw the pivot point in red,
three resistance points in yellow, and three support points in lime. These points serve as a
price restriction, and they are set and examined in relation to the market price of gold. For
example, if the current market price is 2036.15, the resistance and support levels are
2055.73 and 2020.58, respectively. These prices are set on a short-term basis and based on
the current market price. The graph and displayed support and resistance levels almost
guarantee that prices will not cross these barriers unless a dramatic crash occurs.
PIVOT ANALYSIS FOR EUR/USD

The pivot points for defining our resistance and support levels for Gold Futures are
computed in the two figures above. To determine the suitable support and resistance levels,
as well as the entry price, we used the annexure formulas to draw the pivot point in red,
three resistance points in yellow, and three support points in lime. These points serve as a
price restriction, and they are set and examined in relation to the market price of gold. For
example, if the current market price is 1.1788, the resistance and support levels are 1.18239
and 1.17715, respectively. These prices are set on a short-term basis and based on the
current market price. The graph and displayed support and resistance levels almost
guarantee that prices will not cross these barriers unless a dramatic crash occurs. We can
set a buy or sell call or limit using these resistance and support levels, as well as some other
technical indications.

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RSI (Relative Strength Index)
The RSI is a technical instrument used to measure the momentum (direction) of currencies
and commodities. It computes the magnitude of the most recent change in currency or
commodity price so that traders can determine whether the investment is overbought or
oversold. One of the most essential characteristics of the RSI is that it provides different
types of traders with trading signals based on whether the price movement of a security is
bullish or bearish. 17th page of 33 RSI is always restricted to a range of 0 to 100, with an
interpretation over 70 indicating that the security is overbought and an interpretation below
30 indicating that the security is oversold. The RSI helps traders determine if the price of
a security is moving sideways (as expected) or not. The RSI is typically calculated on a 14-
trading-day basis, which can be changed. When trading durations are reduced, the RSI
becomes more dynamic and is used by traders who trade in the short term. To further
understand how the RSI (Relative Strength Index) is calculated, we will use two underlying
assets from the currency market (EUR/USD) and the commodities market (Gold Futures).

RELATIVE STRENGTH INDEX FOR GOLD FUTURES

The picture above depicts the relative strength index of Gold Futures over a 14-day trading
period. The RSI (14) is 47.54 in the image above, and we know that a level above 70
indicates that Gold Futures is overbought. According to the graph above, on May 4, 2023,
gold futures were extremely overbought, resulting in a reversal. The RSI is primarily used
to assess the amount of price movement; so, based on the RSI, we may conclude that
putting a sell call based on a daily trade would be the best selection.

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 RELATIVE STRENGTH INDEX FOR EUR/USD

The graphic above depicts the relative strength index of EUR/USD over a 14-day trading
period. The RSI (14) is 64.90 in the chart above, and we know that a level close to 70
indicates that the EUR/USD has not yet become overbought. The RSI is primarily used to
evaluate the magnitude of price movement; thus, we can see from the RSI that if we wait,
we may get a 100% accurate reading; however, if a forecast is to be made right now, the
RSI has high prospects of going high because the market RSI is 64.90, indicating that the
market is most likely to go on an uptrend.

Stochastic Oscillator
The stochastic oscillator is a popular momentum technical analysis approach used in price
predictions and analysis. The stochastic oscillator is used because when an upswing starts,
the security's price should always close near the low daily trading range, signalling a
reversal momentum. The Stochastic Oscillator is often mapped with a range of 0-100, with
overbought signals occurring when the oscillator rises above 80 and oversold signals
occurring when the oscillator falls below 20. Many traders prefer a two-line stochastic
oscillator because it provides more accurate information. The first is the major line, which
is the%K line, and it is used to illustrate the concept of price movement. The second line
is the support line, which is usually referred to as the slow-moving average of%K line.
Surprisingly, the support line is seen as more important than the resistance line in providing
reliable trading signals. The stochastic oscillator can be used in three different trading

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periods: 9 trading periods, 14 trading periods, and 20 trading periods (with%K and%D as
1 - providing only one Page 19 of 33 line) to judge the change in the security's price and
can be adjusted to the trader's comfort. To further understand how the Stochastic Oscillator
is calculated, we will use two underlying assets from the currency market (EUR/USD) and
the commodities market (Gold Futures).

STOCHASTIC OSCILLATOR FOR GOLD FUTURES

In the graphic above, we will look at how to use the stochastic oscillator for trading Gold
Futures, with a 5% K period, 3% D period, and SMA of 3. The main stochastic oscillator
is 81.32, and the support stochastic oscillator is 87.19, as shown in the graph above. We
know that any reading on the oscillator that is above 80 and close to the resistance point
indicates an overbought position, and the typical belief is that the market will be bearish in
the near future. When the primary and support stochastic oscillator lines cross below 80,
the best technical move is to put a short call.

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 STOCHASTIC OSCILLATOR FOR EUR/USD

In the graphic above, we will look at how to use the stochastic oscillator for trading
EUR/USD with a 20% K period, 1% D period, and SMA of 1. The main and support
stochastic oscillators are displayed in a single line as 76.15 in the graph above. We know
that any reading on the oscillator that is close to or above 80 and close to the resistance
point indicates an overbought position, and the typical belief is that the market will be
negative in the near future. Because the stochastic oscillator has recently dropped down
from an overbought state, we can forecast that the wisest call is to wait for better and more
accurate predictions. If time is of the essence, the best call would be to sell because it has
approached resistance and a downward drop is likely.

Bollinger Bands
Bollinger Bands is a technical instrument that forecasts the highest and lowest values for
any currency or commodity asset, as well as the direction in which the price will move.
The Bollinger bands are made up of the upper, middle, and lower bands. Under normal
market conditions, the Bollinger bands move in a same / synchronous pattern, however by
observing the amplitude of the Bollinger bands, one may easily measure the change in
market conditions. Clearly, the Bollinger bands are a useful technical analysis tool for
determining when a market asset should be positioned and what the trend will be. When
the exchange markets become very volatile, the Bollinger bands magnify (move further
away from the SMA), and when the markets are less volatile, the Bollinger bands shrivel
(move closer to the SMA). When the bands shrink, it signals to all traders that the market

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dynamics will change dramatically, either positively or negatively. This is one of the most
widely used and dependable technical analysis techniques. The closer the security prices
are to the upper Bollinger band, the more likely overbought market circumstances will
emerge, and the closer the security prices are to the lower Bollinger band, the more likely
oversold market conditions will emerge. To further understand how the Bollinger Bands
are calculated, we will use two underlying assets from the currency market (EUR/USD)
and the commodities market (Gold Futures).

BOLLINGER BANDS FOR GOLD FUTURES

In the graphic above, we will look at how to use Bollinger Bands to trade Gold Futures.
Bollinger bands, as we know, are used to forecast the daily highest and lowest price, as
well as to help determine the degree of the volatile present. The widening of the bands
indicates that the gold futures market is particularly volatile. We can also see that the gold
futures are overbought because the candlestick is so near to the top Bollinger band. Given
the foregoing, we can reasonably conclude that a sell call would be the best option for gold
futures.

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 BOLLINGER BANDS FOR EUR/USD

In the graphic above, we will look at how to use Bollinger Bands to trade EUR/USD. Since
we know that Bollinger bands are used to forecast the daily greatest and lowest price, they
can also help estimate the magnitude of volatility. The widening of the bands indicates that
the EUR/USD currency market is particularly active. We can also observe that there is a
possibility of a significant rally in the EUR/USD currency since the candlestick between
the upper and middle Bollinger bands. Given the aforementioned considerations, we can
fairly conclude that a buy call would be the best decision for EUR/USD.

Ichimoku Kinko Hyo

Ichimoku Kinko Hyo is a technical technique that is commonly used to estimate price
movement along zones that cover support and resistance levels. The tenkan-sen line
(conversion line), kijun-sen (base line), senkou span A (Leading Span A), senkou span B
(Leading Span B), and chikou span (lagging span) are the five essential lines that comprise
the Ichimoku Cloud. The advantage of Ichimoku is that traders may readily predict
movement, support and resistance, and trends in a single glance. Ichimoku may be tough
to understand at first, but once a trader discovers its secrets, the intricacy vanishes in an
instant.
1) Tenkan-sen: The tenkan-sen is the average of the previous nine periods' highest and
lowest currency and commodity prices. It is also the Ichimoku Cloud's fastest line. The
tenkan-sen closely tracks the security price while showing short-term price direction.

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2) Kijun-sen: The kijun-sen is the average of the highest and lowest currency and
commodity prices over the previous 26 periods. The kijun-sen line is actually utilised in
conjunction with all of the other indications under Ichimoku Kinko Hyo, rather than alone.
When the current market price is higher than the base line, it indicates that the price will
rise in the short term.
3)The cloud and shadow formations of Senkou Span A and Senkou Span B. Both of these
spans operate together to display price movement and provide correct advice based on
support and resistance levels. Senkou Spans A and B combine to form a kumo cloud
structure. Because their values are shown into the future, both spans employ historical data.
4) Chikou Span: The chikou span, also known as the lagging span, occurs after applying
the closing price for the previous 26 candlesticks in the chart. It is regularly / typically used
to measure price momentum and assist in the identification of possible trend changes. To
further understand how the Bollinger Bands are calculated, we will use two underlying
assets from the currency market (EUR/USD) and the commodities market (Gold Futures).

ICHI MOKU KINKO HYO OF GOLD FUTURES

We will be evaluating and utilising Ichimoku Kinko Hyo in the above figure to place the
optimal trade for Gold Futures. To accomplish so, we shall examine all four elements of
the Ichimoku Kink Hyo trend indicator. We can see from the graph that the tankan-sen and
kijunsen lines are both above the Ichimoku cloud, indicating a positive and rising trend.
Furthermore, the candlesticks are above the Ichimoku, indicating a substantial uptrend.

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Furthermore, as we can see, the leading span A is ascending the leading span B, indicating
that the uptrend is intensifying. Based on all of the Ichimoku Kinko Hyo elements
considered, we can conclude that a significant uptrend is predicted for the near future.

ICHI MOKU KINKO HYO OF EUR/USD

We will be evaluating and utilising Ichimoku Kinko Hyo in the above figure to place the
correct trade for EUR/USD. To accomplish so, we shall examine all four elements of the
Ichimoku Kink Hyo trend indicator. We can see from the graph that the tankan-sen and
kijun-sen lines are both above the Ichimoku cloud, indicating a positive and rising trend.
Furthermore, the candlesticks are above the Ichimoku, indicating a substantial uptrend.
Furthermore, as we can see, the leading span A is ascending the leading span B, indicating
that the uptrend is intensifying. We can also observe that the tenkan-sen line crosses the
kijun-sen line from above, while remaining above the cloud, indicating that EUR/USD is
a sure buy call. Based on all of the Ichimoku Kinko Hyo elements considered, we can
conclude that a significant uptrend is predicted for the near future.

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 PROJECT PART 2
When it comes to potential clients, the most significant goal of the clients / investors is to
minimize currency and commodities losses. In the secondary market, clients spend a
restricted amount of money. Each customer sets a purchase and sell limit for each
transaction to restrict the amount lost if the transaction goes wrong. Clients who trade
through brokers behave extremely differently; if one client is risk cautious, the other is a
high-risk taker. Before even thinking about brokering, it is a difficult effort to attract
potential clients. According to the training, the ideal method to attract clients is to
communicate with them about one's trading experiences, both positive and negative, and
how he or she overcame and changed that negative experience into a positive one.

DEMO ACCOUNT

The above screenshot is of demo account in meta trader used for training and practicing
different technical analysis strategies. We can set the limits in demo account for amount
and margin values. It is just like paper trading where we can test our strategies without
using real money.

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 LIVE ACCOUNT

The above screenshot gives the information about the trade history in the live account.

TRADE REPORT

This is the detailed trade report generated by meta trader. The line graph shows the value
of account from beginning to present. The above figure also tells us about our winning
(getting right trades) percentage.

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 PROJECT PART 3

Simple Python program for stock screener

Importing libraries

Data Information

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Nifty500 Sector Breakdown

Average of P/E, P/B and PEG

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 LEARNING OUTCOMES
Findings
The US dollar is clearly the most widely traded currency, followed by the Euro, while gold
and crude oil are the most commonly traded commodities, followed by Brent oil and silver.
Other currencies, such as GBP and JPY, are rarely used. Over-reliance on USD for
invoicing overseas commerce, backed up by excess income in the form of foreign currency
relative to cost, increases the likelihood of experiencing a larger degree of currency
vulnerability. Furthermore, OPEC's and the world's over-dependence on gold and Brent
oil, backed up by excessive trading and usage, increases the likelihood of a spill.
Different commodities and currencies, fluctuations in the parity value of all commodities
and each currency, import of raw materials and other resources, and the firm's competitive
status in international and domestic markets are significant factors considered by traders to
determine their currency and commodity exposure. Many technical analysts and traders
forecast currency and commodity movement before making currency exposure
management decisions, but they do it only infrequently. Regardless of their trading style
or behaviour, the majority of traders believe that their forecasts are rarely accurate.

Conclusion
It is very evident that the FOREX and Commodities Market is very volatile. There are days
where one wins and loses big. The biggest challenge that was faced while trading in both
the demo and live FOREX and commodity account is when I had lost nearly all of my
capital deposited, by making wrong decisions as seen above. To overcome this failure, I
have set buying and selling limits and made small trades in my demo and live account
allowing me to reach at a position to trade freely.

My own Thoughts on trading

Most expert traders hone their trading skills through several attempts and strict discipline.
Most pros conduct extensive research to determine what will consistently result in
profitable transactions and learn to keep fear and gluttony out of the equation. The
following are some fundamental characteristics that one must possess in order to become
a skilled FOREX and Commodities Trader.

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1)Always have a particular goal in mind before you begin trading, and ensure that the
chosen trading technique is relevant and will achieve the established objectives, and all of
these goals are dependent on one's trading mentality. For example, if you cannot stomach
holding an open trade in the market 24 hours a day, you might explore intra-day trading;
otherwise, position trading is the ideal alternative to consider if he or she believes the initial
equity would appreciate over a medium or long length of time.
2) Before entering the market as a full-time trader, one must consider how the trade will be
executed and which method will be used. Some people rely on underlying economic facts
(from forexfactory.com or babypips.com) while others exclusively use technical analysis.
Whatever approach is adopted, it is important to be consistent and to ensure that the
methodology is appropriate.
3) Most traders are thrown off by contradicting information from charts at different periods.
What seems as a buy call on the weekly chart may appear as a sell call on the daily or
hourly chart. If you choose trade momentum from weekly charts and daily charts as your
entry point, you may have to wait until both charts display the same position to maintain
your timing in sync. If one is unable to maintain concentrate and trade on a single period
rather than analysing two timeframes.
4) Once the account / capital has been funded, the most important thing to remember is that
the invested money is restricted; consider trading capital to be business capital. This
mentality will equip anyone to incur and tolerate little losses, which is essential for risk
management. A tiny tip: Always concentrate on your trades and tolerate modest losses
rather than counting your equity (this is based on personal experience).
5) Studying weekly and monthly charts on weekends when the market is closed to examine
candlestick patterns that could affect one's trade or that one could employ on your next
trade. A candlestick pattern, for example, is forming an engulfing bullish harami, and the
news suggests a market reversal. A tiny tip: You will make the best plans when you are
relaxed. Be patient and wait for your window of opportunity.

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REFERENCES:
[1] www.moneycontrol.com
[2] www.starfing.com
[3] http://starnetfx.com/
[4] Forex Factory (Fundamental Reference): www.forexfactory.com
[5] “Trading in the Foreign Exchange Market (Forex): A Study on Purchase Intention” by
Masoud Nassimi, Yasha Sazmand Asfaranjan, Alireza Keshvarsima and Fatemeh Baradari
[6] “A STUDY ON THE FORMATION OF CANDLESTICK PATTERNS WITH
REFERENCE TO NIFTY INDEX FOR THE PAST FIVE YEARS”.
[7] www.tradingview.com

Annexure
Metatrader platform

Forex Factory platform

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Tradingview

Candlestick patterns

Support and resistance

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RSI

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