Also i feel that it's not a free flowing market where you can catch long term trends. They are usually intervened by RBI if the price goes beyond a certain psychological extent. So you can't catch bigger trends or moves. You can catch only small ups/downs.
Like in stocks you can ride a wave until it rises let's say 20-50-100% in price but you can't expect to ride on USDINR for say even a 10% increment in price. You will get stopped out countless times before it goes significantly higher.
This is what i have observed in USDINR in the past few months but others can correct me if i am wrong about this.
Like in stocks you can ride a wave until it rises let's say 20-50-100% in price but you can't expect to ride on USDINR for say even a 10% increment in price. You will get stopped out countless times before it goes significantly higher.
This is what i have observed in USDINR in the past few months but others can correct me if i am wrong about this.
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