Intro to myself and this blog
Hi,
I am Karthik N S from India. I have been trading currency and shares for the past 5 yrs. I suppose very few people from India trade in currencies but i have been fascinated by them. I like taking huge risks and currencies are a place where you can make huge amount of money if you trade it right. If you have enough money in your account, you could easily make a living out of trading currencies.
Like all people who start off trading, i have had my share of losses but i have always taken them as a learning process. I feel that i have learnt a lot more than what i have when i started out. Now the idea is to put whatever we have learnt to good use.
I started off trading a lot of currency pairs but now i stick to the 3 main JPY crosses i.e. EURJPY, GBPJPY and USDJPY. The reason is that it is much easier to study 2-3 currency pairs and if you concentrate on these, then it is easier to know about their behaviour rather than trying to trade 15-20 currency pairs. Moreover, these pairs have a lot of volatility which means that the chances of making good profit (and loss as well!!) is huge.
I will use this blog to post my calls on the support and resistances of these pairs on a daily basis and also post my thoughts whenever i feel appropriate. Depending on the response, i can also use this blog to teach how to do currency trading for newbies. Let us see how this blog takes us. All depends on the feedback from the users. Good Luck!!!