Cross Currency Triangulation: A Means to Trade and Profit
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Code : INB0015
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Region : -
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Introduction:Six months ago, Vaibhav joined a foreign exchange trading firm "AlgoFX Trading Company" in London. He had completed his masters in international business from a top rated B-school in the UK. During his internship project, Vaibhav received a lot of exposure trading in the forex market and this enriched his understanding in this area. He also came to know about the various issues related to the foreign exchange market. His internship motivated him further to choose a challenging career in foreign exchange trading. Vaibhav found that his company provided investment consultation services to various clients interested in forex markets across the globe. Last week, Vaibhav completed the six-month mandatory training period and on the same day, he was given independent responsibility of the portfolio of client accounts. After going through the list of clients, he came to know that most of the clients were profit motivated and took investment decisions for short periods, sometimes for even a day. The minimum cash requirement for a client to open an account with AlgoFX firm was $100,000. As a trading agent for such clients, it was a challenge for him to take a decision on behalf of the clients based on the intraday market patterns. Vaibhav’s past work experience came as a blessing... |
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