introduction to forex market & managing risks in forex business

7/31/2019 Introduction to forex market & managing risks in forex business

1/52


2/52

Ie|cmhg As||cga} Jaaesgtq

Geqt|e Jaaesgtes| jaaesgt xmtb }es

@} ljgfq jaaesgt mg tbc imgjgamjo acgtc| ei tbc IA mq ajoocd tbc

Geqt|e jaaesgt

Mgdmjg Ljgf ajg bjyc j SQD jaaesgt xmtb Ljgf ei J`c|maj mg

Gcx ]e|f/ j ABI jaaesgt xmtb SLQ mg Hcgcyj e| j JSD jaaesgtxmtb GJL jt Q}dgc}

Joo ie|cr t|jgqjatmegq j|c |estcd tb|eshb geqt|e jaaesgtq

Yeqt|e Jaaesgt}es| jaaesgt xmtb sq

Oe|e Jaaesgttbcm| jaaesgt xmtb }es


11/52

Crabjghc \jtc J|mtb`ctma


12/52

Crabjghc \jtc

Mt |ciocatq bex `sab j as||cga} yjoscq te jgetbc| as||cga}' Mt mqtbc |jtc jt xbmab egc as||cga} mq aegyc|tcd mg te jgetbc|as||cga}'

Crabjghc |jtc aedcq j|c cr~|cqqcd mg 9 octtc| as||cga} aedcq'

c' h'6 SQD%ABI 6 HL %SQD6 SQD% MG\

Mg tbc im|qt ~ojac ; mt mq ljqc as||cga} aedc jgd zsetjtmegq j|ccr~|cqqcd mg sgmtq ei tbc qcaegd as||cga} jhjmgqt egc sgmt ei

tbc im|qt as||cga}'

8%:3%:> 0 8>'>8

8%:3%:

Ksgc 0 8'>>%2'>>

Yjosc Djtc M`~e|t Trg Cr~e|t Trg

>1'>9':< 33'89 33'83>>

1>'>9':< 33'24 33'2>>

>:'>9':< 33'84 33'8

8%:3%:>

CS\Ksgc0 "->'>>>:%"->'>>>'>9'::

Ie| m`~e|t t|jgqjatmeg;

":''>>>:- + "33'89&>'>2- 0 8>'8- 0 8>'42

8%:3%:9

ocyco ei 48'>4 te

1='8

Oeqt l} 11# i|e`

Icl>2 ocyco ei

1='11 te 3


26/52

SQD 9-@ OMLE\


27/52

MG\QCGQCR


28/52

MG\-GMIT]


29/52

XB] DE TBC] @EYC

Ajsqcq ie| Yeojtmomt} Gjts|c Ei @j|fct

Qm{c/ @j|fct ojac/ \chsojte|} Aegt|eo/Tcabgmajo Jgjo}qmq @edcoq

Caege`ma Ijate|q

Djtj/ Cycgtq/ Isgdj`cgtjoq

Mgtc|cqt \jtcq6 Aj||} T|jdcq

Oeajo Ijate|q " $%MG\-

Dc`jgd ) Qs~~o}6 Aj~mtjo Ioexq

\LM/ eomtmajo Aom`jtc


30/52

DC\MYJTMYCQ

CRABJGHC T\JDCDJ- AS\\CGA] ISTS\CQ

EYC\ TBC AESGTC\"ETA-

J- IE\CR IXDQE^TMEGQQXJ^Q

L- A\CDMTADQ

DC\MYJTMYC ^\EDSATQ


31/52

BCDHMGH ^\EDSATQ

Ae`èg Dc|myjtmyc ^|edsatq

Ie|xj|dq

SQD%MG\/ A|eqq/

E~tmegq

^st/ Ajoo ) Ae`lmgjtmegq

Qxj~q

^|mgam~jo/ Mgtc|cqt ) Letb

Ists|cq

As||cga}/ Czsmt}

A|cdmt Dc|myjtmycq

ADQ

Ae`èg Sgdc|o}mgh Jqqctq

Ae`èdmtmcq/ Czsmt} Qbj|cq

Ie|cmhg Crabjghc \cycgsc Ioexq

" M`~e|tq/ Cr~e|tq -

Jqqctq ) Omjlmomtmcq " Ie|cmhg

As||cga} Oejgq ) Dc~eqmtq-

Mgtc|cqt \jtc Cr~eqs|cq " Ie|cmhg

As||cga} Oejgq ) Dc~eqmtq-


32/52

ETA ^\EDSATQ

J' IE\XJ\D AEGT\JATQ

L' E^TMEGQ

A' QXJ^Q

D' YJ\MESQ AE@LMGJTMEGQ

IE\XJ\D AEGT\JATQ


33/52

IE\XJ\D AEGT\JATQ

J AEGT\JAT TE LS] E\ QCOO J Q^CAMIMCD J@ESGT EI AS\\CGA] JT J Q^CAMIMCD

^\MAC IE\ J Q^CAMIMA ISTS\C DJTC' LETB J \MHBT JGD JG ELOMHJTMEG TE LS] E\ QCOO

JDYJGTJHC;

QM@ÔC / OMZSMD / T\JGQ^J\CGT

\CZSM\CQ GE ESTOJ] EI ISGDQ SÎ\EGT'

XMGDEX E^TMEG EI 1> DJ]Q

DMQJDYJGTJHC; GE ^J\TMAM^JTMEG MG @J\FCT YEOJTMOMT]

^\EIMT JGD OEQQ EGO] A\]QTJOOM[CD EG DSC DJTC

E^Ê\TSGMT] ^\EIMT % E^Ê\TSGMT] OEQQ SGOM@MTCD


34/52

IE\XJ\D AEGT\JATQ

48'3> 3

CRÊ\TC\; QÊT; 3>'>> & 1@ IXD >'3> ^q

\MHBT;

^\ETCATCD \JGHC

ELOMHJTMEG;

E^Ê\TSGMT] OEQQ \JGHC


35/52

\jtc Ajoasojtmeg; Cr~e|tq%M`~e|tq Lmd % Jqf

Ajqb%Te`%Q~et

Ie|xj|d \jtcq

Crj`~oc; Q~et \jtc;3>'>>%>:

IE\XJ\D AEGT\JATQ

^C\MED ^\C@MS@ IXD' \JTC

: @EGTB >'1>%>'1: 3>'1>%3>'1'4>%>'4: 3>'4>%3>'4'3>%>'3: 3>'3>%3>'3>

\MHBT;

^\ETCATCD \JGHC

GE ELOMHJTMEG;E^Ê\TSGMT] \EIMT \JGHC

CRÊ\TC\; QÊT; 3>'>> & 1@ IXD >'3> ^q


39/52

E^TMEGQ HOEQQJ\]

AJOO E^TMEG

^ST E^TMEG

E^TMEG LS]C\

E^TMEG QCOOC\

CR^M\JTMEG

QT\MFC \JTC

MG TBC @EGC]

EST EI @EGC]

JT TBC @EGC]

J@C\MAJG E^TMEG

CS\E^CJG E^TMEG

^\C@MS@


40/52

BEX TE ABEEQC5

Aegimdcgac Bmhb Oex

Ymcx Ls}c| ei SQD Qcooc| ei SQD Ls}c| ei SQD Qcooc| ei SQD

SQD%MG\ im|`mghFcc~ cr~eqs|c

e~cgLeef ie|xj|d Ls} j Ajoo Ls} j ^st

SQD%MG\

xcjfcgmghLeef ie|xj|d

Fcc~cr~eqs|c

e~cg

Ls} j Ajoo Ls} j ^st


41/52

\JGHC IE\XJ\D E^TMEG IE\ M@^E\TC\Q

44'3>43'2< 42'3>48'93

\JGHC IE\XJ\D

43'13

Q~et

Qcoo ~st

Ls} ajoo


42/52

Qacgj|me Jgjo}qmq ; Mi/ eg `jts|mt} djtc

SQD%MG\ mq lctxccg 43'13 jgd 48'93 / Asqte`c| ls}q

SQD jt `j|fct |jtcq'

SQD%MG\ mq jleyc 48'93/ Asqte`c| bjq tbc |mhbt te ls}

tbc SQD getmegjo jt 48'93SQD%MG\ mq lcoex 43'13/ Asqte`c| bjq te ls} tbc SQD

getmegjo jt 43'13


43/52

QXJ^Q

Crabjghc ei ists|c ajqb ioexq jt ~|cdctc|`mgcd |jtcq

Ljgf `cctq Asqte`c|q elomhjtmegq ei ~|mgam~jo ) % e|mgtc|cqt mg tbc dcqmhgjtcd as||cga} jq ~c| j`e|tm{jtmeg

Asqte`c| ~j}q tbc Ljgf mg MG\ ie| tbc elomhjtmegq jt j~|cdctc|`mgcd |jtc jgd tbsq mq bcdhcd jhjmgqt |mqfq

Ae``eg Qxj~; IAGL oejgq/ xbc|c asqte`c| mqcrabjghmgh bmq MG\ ajqb ioexq te Ie|cmhg As||cga}ajqb ioexq

"Jqqs`cq IA |mqf jgd mi bcdhcd crabjghmgh SQDajqb ioexq te MG\ ajqb ioexq-


44/52

Ljgf J

SQD Ajqb Ioexq

Ae|~e|jtc

SQDOmjlmomt}

MG\ Ajqb Ioexq N q~et"~j}q ~|c`ms` #-

^\MGAM^JO EGO] QXJ^


45/52

Ljgf

Ljgf ^j}qIoejtmgh Mgtc|cqt \jtc

9`O":'-&1>>

Ae|~ ^j}qImrcd $ Mgtc|cqt \jtc

3'>>#

Ae|~e|jtc

MGTC\CQT \JTC QXJ^


46/52

SQD Ajqb Ioexq

SQD Omjlmomt}"IAO-

MG\ Ajqb Ioexq N q~et

AM\Q

^j}q Ioejtmgh Mgtc|cqt \jtc "O&43>-

Ae|~ ^j}q\q Imrcd Mgtc|cqt \jtc

='3>#

LJGFAE\^E\JTC

SQD oejg aegyc|tcd mgte j MG\ oejg q}gtbctmajoo}


47/52

A\CDMT DC\MYJTMYCQA\CDMT DCIJSOT QXJ^Q;

DCIJSOT

^\ETCATMEG

LS]C\

DCIJSOT

^\ETCATMEG

QCOOC\

^\C@MS@

^J]@CGT MG AJQC EI DCIJSOT L]\CIC\CGAC CGTMT]

BCDHMGH JHJMGQT \MQF EI DCIJSOT L] J AE@^JG]

LS]C\ EI ADQ HCTQ \MHBT TE QCOO LEGDQ TE ADQ QCOOC\ JT IJAC YJOSC

MI TBC LEGD MQQSMGH AE\^E\JTC" \CIC\CGAC CGTMT]- DCIJSOTQ

"A\CDMT CYCGT-

\CIC\CGAC CGTMT] "LEGD MQQSC\-

LEGDQ MQQSCLEGDQ

QSLQA\M^TMEG

Abjghcq mg tbc |chsojte|} hsmdcomgcq


48/52

Abjghcq mg tbc |chsojte|} hsmdcomgcq

IE\XJ\DQ; \LM am|asoj| dt :3tb Dcac`lc| :: Aegt|jatcd cr~eqs|c ; Ie|xj|d aegt|jatq leefcd l} |cqmdcgtq m||cq~catmyc ei tbc t}~c jgd tcge|

ei tbc sgdc|o}mgh cr~eqs|c/ egac ajgacoocd/ ajgget lc |cleefcd'

ICDJM AOJ\MIMAJTMEG

j- Ego} j~~omajloc te IAq mgyeoymgh \s~cc jq egc ei tbc as||cgamcq

l- \eooeyc| "qm`sotjgcesq ajgacoojtmeg jgd |cleefmgh- jooexcd qslkcat te `jts|mt} ei bcdhc ajgget

craccd `jts|mt} ei sgdc|o}mgh

a- Jg} sgbcdhcd ~eqmtmeg jq eg tbc djtc ei tbc am|asoj| mq jooexcd te lc bcdhcd lst egac ajgacoocd/ mtajgget lc |cleefcd

^|eljloc Cr~eqs|c;

Joo IAq leefcd xmoo lc eg isoo} dcomyc|jloc ljqmq' Mg ajqc ei ajgacoojtmegq/ crabjghc hjmg / mi jg}/

qbesod get lc ~jqqcd eg te tbc asqte`c|'

Ie| m`~e|tc|q jyjmomgh ^^ ijamomt}/ tbc ijamomt} qtjgdq |cdsacd te


49/52

h h } h

DC\MYJTMYCQ; Ae`~|cbcgqmyc Hsmdcomgcq eg Dc|myjtmycq xjq `edmimcd

l} \LM eg


50/52

Lcie|c eiic|mgh jg} dc|myjtmyc ~|edsat te aomcgtq/ ljgfq qbesod eltjmg Lej|d

|cqeostmeg i|e` tbc ae|~e|jtc xbmab

j- cr~omamto} `cgtmegq tbc om`mt jqqmhgcd l} tbc ae|~e|jtc te tbc ljgf' Xbmoc

`egmte|mgh tbmq om`mt/ ljgf xesod tjfc mgte jaaesgt jlqeostc getmegjo j`esgtei joo estqtjgdmgh dc|myjtmyc aegt|jatq cgtc|cd mgte l} tbc ae|~e|jtc xmtb tbc

ljgf' Mg etbc| xe|dq/ getmegjoq ei oegh jgd qbe|t ~eqmtmegq xmoo get lc gcttcd

ie| tbc ~s|~eqc ei ae`~omjgac xmtb tbc om`mt'

l- `cgtmegq tbc gj`cq jgd dcqmhgjtmeg ei tbc eiimamjoq ei tbc ae`~jg}

jstbe|mqcd te sgdc|tjfc ~j|tmasoj| dc|myjtmyc t|jgqjatmegq eg lcbjoi ei tbc

ae`~jg}'

a- q~camimcq tbc gj`cq ei tbc ~ce~oc te xbe` t|jgqjatmegq qbesod lc |c~e|tcd l}

tbc ljgf' Tbcqc ~c|qeggco qbesod lc dmqtmgat i|e` tbeqc jstbe|m{cd te

sgdc|tjfc tbc t|jgqjatmegq'

d- `cgtmegq tbc gj`cq jgd dcqmhgjtmeg ei ~c|qeg"q- jstbe|mqcd te qmhg tbc MQDJ

jgd qm`moj| jh|cc`cgtq6c- `cgtmegq q~camima ~|edsatq tbjt ajg lc t|jgqjatcd l} tbc dcqmhgjtcd eiimamjoq

gj`cd tbc|cmg'

Mt qbesod lc cgqs|cd tbjt tbc Lej|d |cqeostmeg qsl`mttcd l} tbc ae`~jg} mq

qmhgcd l} j ~c|qeg etbc| tbjg tbc ~c|qegq jstbe|m{cd te sgdc|tjfc tbc

t|jgqjatmegq'3>

f m d l m d o m i b bm b d o


51/52

Ljgfq j|c |czsm|cd te eltjmg Lej|d |cqeostmeg i|e` tbc ae|~e|jtc xbmab xjgtq te dcjo

mg qt|sats|cd dc|myjtmycq ~|edsatq tbjt qtjtcq tbc ieooexmgh;

m- Tbc ae|~e|jtc bjq mg ~ojac j \mqf @jgjhc`cgt ^eoma} j~~|eycd l} mtq Lej|d xbmab

aegtjmgq tbc ieooexmgh;

Hsmdcomgcq eg |mqf mdcgtmimajtmeg/ `cjqs|c`cgt jgd aegt|eo Hsmdcomgcq jgd ~|eacds|cq te lc ieooexcd xmtb |cq~cat te |cyjosjtmeg jgd

`egmte|mgh ei ~eqmtmegq

Dcqmhgjtmeg ei eiimamjoq jstbe|m{cd te sgdc|tjfc t|jgqjatmegq jgd om`mtq ~c|

t|jgqjatmeg jqqmhgcd te tbc` jgd j |czsm|c`cgt tbjt tbc jqqmhg`cgt ei om`mtq te

jg eiimamjo xesod lc eg ~c| t|jgqjatmeg ljqmq

Jaaesgtmgh ~eoma} jgd dmqaoeqs|c ge|`q te lc ieooexcd mg |cq~cat ei dc|myjtmyc

t|jgqjatmegq

J |czsm|c`cgt te dmqaoeqc tbc @T@ yjosjtmegq j~~|e~|mjtco}

J |czsm|c`cgt te cgqs|c qc~j|jtmeg ei dstmcq lctxccg i|egt/ `mddoc jgd ljaf

eiimac

@cabjgmq` |chj|dmgh |c~e|tmgh ei djtj te tbc Lej|d mgaosdmgh imgjgamjo ~eqmtmeg ei

t|jgqjatmeg cta

mm- Tbc ae|~e|jtc bjq ojmd dexg aocj| hsmdcomgcq ie| aegdsatmgh tbc t|jgqjatmegq jgd

mgqtmtstmegjomqcd tbc j||jghc`cgtq ie| j ~c|medmajo |cymcx ei e~c|jtmegq jgd

jggsjo jsdmt ei t|jgqjatmegq te yc|mi} ae`~omjgac xmtb tbc |chsojtmegq'3:


52/52

TBJGF ]ES

3

introduction to forex market & managing risks in forex business

Documents