FX MONEY LAB PRIVATE LIMITED is a leading global provider of online Forex managed fund trading services to Indian institutional and retail customers. FX Money Lab offer their investor regular monthly income as well as provide long-term capital growth with managed forex accounts that utilize a time tested trading system and stringent money management which is completely unique & specific.
As experts,Fx Money Lab can assure you that Forex market can be the safest and highest yielding of all trading and investment options if done professionally.
The foreign exchange (forex) market is a financial market for trading currencies. Trades are made in currency pairs, such as United States dollar and the euro, in which equivalent amounts of money are exchanged. The forex market has several purposes. For instance, when a company in the United States needs products from a supplier in England, they need to exchange dollars to pounds to pay for their goods, and this is a forex transaction. In addition, hedge funds and investors may choose to trade in the forex market for profit, as speculators, as the values of currency pairs change.
The forex market is rapidly growing, and an important contributor to this is the retail investor– the individual speculator who trades currency pairs for profit, either as a full-time job or for supplementary income. Technology and computers play a key role in bringing these individuals to the forex market. For example, technological improvements drove transaction costs down, allowing the benefits of trading in the forex market to be realized.
We decided to scientifically approach the foreign exchange market, and to evaluate whether we could develop a strategy that could automatically trade in the market successfully and could outperform. We wished to evaluate new potential opportunities for individual traders. Using the MT4 trading platform, we developed strategies in programming language, to autonomously execute buy and sell orders in the forex spot market based on a set of trading rules.
After familiarizing ourselves with the forex market, MT4 platform, we looked at the different market types (trending, directionless, and volatile), and the basic strategies which are ideal for each type. After deciding to trade the Euro – United States dollar pair at one minute bars, we began developing some strategies. We tested a Double Moving Average,Cross strategy, a Bollinger Band/ Keltner Channel counter-trending strategy, and a Commodity Channel Index (CCI) counter-trending strategy. These strategies have varying levels of success and are unstable over long periods of time. As a final strategy, we took the CCI counter-trending strategy, added trade volume, and turned it into a breakout strategy. This strategy works on the basis that if the currency is overbought with high volume, indicating high bullish support, there would likely be a bullish breakout. This strategy, incorporating several elements of our previous strategies, has the best performance.
With this strategy, retail investors in the forex market have a new tool they can use. As it is, this strategy exhibits great potential, and with some further tuning, it could yield even greater results. Furthermore, we showed that retail investors in the forex market can greatly benefit by taking a scientific approach to trading through the development of carefully formulated and thoroughly tested strategies.
After optimizing these systems, we discovered the best approach to develop our own system, incorporating the most successful features from several strategies, and come up with a strategy that greatly outperformed.
After a 4 years of research & development and testing of our automated trading system in nov 2010 we started a company Fx money Lab, Who offers their investor regular monthly income as well as provide long-term capital growth with managed forex accounts that utilize a time tested trading system and stringent money management which is completely unique & specific.
Lately incorporated under the Indian Companies Act 1956 (CIN/CRN U67120MP2011PTC026841) in sep 2011 with main objective :-To carry on in India or elsewhere the business to promote,establish,organise,undertake, manage in India or abroad the business of all types of consultancy services like, providing services on all the financial sector including forex and portfolio management, to become a member of any recognised Stock Exchange in India, to advice on global financial markets, all types of investment consultancy, all type of equity and mutual fund consultancy, advising on all financial instruments, insurance, research, financial marketing and to act as an agent, sub-broker, advisor, franchiser, consultants in India or abroad and become Fx Money Lab Pvt. Ltd.
FX MONEY LAB PSYCHOLOGY OF TRADING
We Trade with a DISCIPLINED Plan:
The problem with many traders is that they take shopping more seriously than trading. The average shopper would not spend $400 without serious research and examination of the product he is about to purchase, yet the average trader would make a trade that could easily cost him $400 based on little more than a “feeling” or “hunch.” Be sure that you have a plan in place before you start to trade. The plan must include stop and limit levels for the trade, as your analysis should encompass the expected downside as well as the expected upside.
We Cut your losses early and Let the Profits Run:
This simple concept is one of the most difficult to implement and is the cause of most trader’s demise. Most traders violate their predetermined plan and take their profits before reaching their profit target because they feel uncomfortable sitting on a profitable position. These same people will easily sit on losing positions, allowing the market to move against them for hundreds of points in hopes that the market will come back. In addition, traders who have had their stops hit a few times only to see the market go back in their favor once they are out, are quick to remove stops from their trading on the belief that this will always be the case. Stops are there to be hit, and to stop you from losing more than a predetermined amount! The mistaken belief is that every trade should be profitable. If you can get 3 out of 6trades to be profitable then you are doing well. How then do you make money with only half of your trades being winners? You simply allow your profits on the winners to run and make sure that your losses are minimal
We Do not marry our trades:
The reason trading with a plan is the #1 tip is because most objective analysis is done before the trade is executed. Once a trader is in a position he/she tends to analyze the market differently in the “hopes” that the market will move in a favorable direction rather than objectively looking at the changing factors that may have turned against your original analysis. This is especially true of losses. Traders with a losing position tend to marry their position, which causes them to disregard the fact that all signs point towards continued losses.
We Do not bet the farm:
Do not over trade. One of the most common mistakes that traders make is leveraging their account too high by trading much larger sizes than their account should prudently trade. Leverage is a double-edged sword. Just because one lot (100,000 units) of currency only requires $1000 as a minimum margin deposit, it does not mean that a trader with$5000 in his account should be able to trade 5 lots. One lot is $100,000 and should be treated as a $100,000 investment and not the $1000 put up as margin. Most traders analyze the charts correctly and place sensible trades, yet they tend to over leverage themselves. As a consequence of this, they are often forced to exit a position at the wrong time. A good rule of thumb is to trade with 1-10 leverage or never use more than10% of your account at any given time. Trading currencies is not easy (if it was, everyone would be a millionaire!).
FX Money Lab mission is to consistently deliver above average trading generated returns from the international forex market, while managing all risk control parameters,through a combination of technical and fundamental analysis and with our unique trading system.
Forex Managed Account is the online managed account service which is specializing in managing the assets of clients on Forex Market.
Investing into Forex market has become an alternative tool for modern investors who are looking to expand their activity from the traditional investment opportunities like stock market, mutual funds and bonds.
Forex investing can be used for diversification of investment portfolio of any investor.
Forex managed accounts service from FX Money Lab allows any investor to participate in Forex trading and save time on doing the routine trading job.
You do not need to trade yourself, track the news and digest different sources of financial information. Moreover, you cannot do that properly, if you do not have special education and vast experience. The solution is to hire a trader to do this routine……
Because we work with currency exchange trading on a daily basis in the Forex currency market, we clearly understand how difficult and time consuming it would be for an investor who wants to take advantage of the potential opportunities in the 24-hour foreign currency market and lacks both the time and experience to trade on their own. And at the same time conduct important technical analysis and hourly price chart studies including important economic data.
The two main priorities of our Managed Forex Service account are Prudent Money Management and Capital Preservation. For that reason, FX Money Lab provides a Managed Forex Service Account traded under professional monitored conditions. Our aim is to provide our clientele with well thought out trading ideas and strong emphasis on risk management techniques utilizing sell stop loss and limit orders to optimize capital preservation.
Our approach to trading is based entirely on Technical, Fundamental Analysis with full attention focused on the spot cash currency market and price action of the different major currency pairs applying our system with greater emphasis on hourly price chart studies in our attempt to generate good entry and exit signals.
Fx Money Lab endeavors to provide good service and assistance to our client’s success and satisfaction as our top priority. We invite you to consider a relationship with a firm based on clarity, honesty, and hard work.