INDUSTRY INTERNSHIP REPORT ON

FOREX MARKET AT J WINGS MANIFEST WEALTH

By
BAALRAJ.S AU1854
For partial fulfilment of the requirements of first year MBA curriculum of Two
years Full time MBA (Industry Integrated) Programme.

Submitted to

Under the Guidance of

Prof. Murali

Through

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 STUDENT DECLARATION

I hereby solemnly affirm, declare and state that organization study

conducted at “JWING MANIFEST WEALTH” was done by me
with due diligence and sincerity and this report based on that study
is a bonafied work by me and submitted to ANNAMALAI UNIVERSITY
through RAMAIAH INSTITUTE OF MANAGEMENT SCIENCES,
Bangalore under the guidance and supervision of PROF.MURALI ,
Faculty RIMS is my original work and not submitted for the award of
any other degree, diploma, fellowship or other similar title or prizes.

PLACE: BANGALORE Signature:

DATE: (BAALRAJ S.)
AU1854

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 CERTIFICATE FROM THE GUIDE

This is to certify that the organization study report undertaken at

“JWINGS MNIFEST WEALTH”
by
BAALRAJ.S, AU1854 carried out in partial fulfilment for the award of
degree of MBA (Industry Integrated) program of Annamalai
University at RIMS, Bangalore under my guidance and direction.
This study report is an original work and not submitted earlier to any
University/Institute as per my knowledge and belief.

PLACE: BANGALORE Signature:

DATE: PROF.MURALI

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 AKNOWLEDGEMENT

This is to acknowledge the persons who gave me their valuable guidance and support in
completing this report successfully and shared their innovative ideas with me to enhance my
internship.
First and foremost, I am thankful to my company guide “Mr. Megesh. G Manager at
JWINGS” for giving me such an opportunity to experience corporate exposure.

I would like to mention the unconditional and spontaneous help put forth by Mr. Gopal
Krishna (Fund manager & Trainer)

I also like to express my gratitude to my faculty guide “Professor, of RIMS Bangalore Mr.
MURALI for his support and guidance which is one of the best inputs for me in successful
completion of this project.

Thanking you
BAALRAJ.S

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 CONTENT
SI.N PARTICULARS PAGE.NO
O
1. EXECUTIVE SUMMARY

2. CHAPTER-1: INTRODUCTION 7 to 8

3. CHAPTER-2: INDUSTRY PROFILE 9 to 15

4. CHAPTER-3: ORGANISATION PROFILE 16 to 22

5. CHAPTER-4: STUDY ON DEPARMENTS 23 to 28

6. CHAPTER-5: WORK DONE 29 to 37

7. CHAPTER-6: CONCLUSION 38

8. BIBLIOGRAPHY 39

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 A Report on Internship at J wings Manifest Wealth

THE REPORT ON FOREX MARKET

EXECUTIVE SUMMARY

The foreign exchange market is the buying, selling and exchanging of currencies at the
current price or the determined price, it is also called as OTC (over the counter). And the
international commodity market deal with Gold, Silver, Crude oil, Natural Gas etc.

This market is open 24/5 throughout the year except for particular country holidays, the
market opens on early morning Monday 2:30 am and the market closes on early morning
Saturday 2:30 am.

This is a spot market, so it does not have any expiry, but the Indian market has expiry date. It
is a two-way market where we can both buy and sell.

As an investment firm I had to deal with different clients, setting of appointments and making
sure the deal goes through and managing their portfolio’s once their account is opened.

I have successfully managed to bring in clients to the company’s network, this in turn
achieved my target of client acquisition. As far as the training which was given to me for the
first 15 days helped me confidently talk to the clients and make them invest and also the
training helped me in managing the portfolios of the client effectively and the training helped
me get the first-hand knowledge about the forex and commodity market.

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 PART-I

CHAPTER-1: INTRODUCTION:
Financial services are the economic services provided by the finance industry, which
encompasses a broad range of businesses that manage money, including credit unions, banks,
credit card companies, insurance companies, accountancy companies, consumer finance
companies, stock brokerages, investment funds and some government –sponsored enterprises.
Foreign exchange services are provided by many banks and specialist foreign exchange
brokers around the world. Foreign exchange services include:

 Currency exchange - where clients can purchase and sell foreign currency banknotes.

 Wire transfer - where clients can send funds to international banks abroad.

 Remittance - where clients that are migrant workers send money back to their home
country.

 We can also predict the market using Analysis

 Analysis is an examination of the changes in the market that are used by a trader to
determine whether to buy or sell a currency pair or commodity at any one time.
 Forex analysis could be technical in nature, using charting tools, or fundamental,
using economic indicators and/or news-based events.

There are three types Analysis

1. Technical analysis
2. Fundamental analysis
3. Sentimental analysis

TECHNICAL ANALYSIS:
Technical analysis is the study of historical price action in order to identify patterns and
determine probabilities of future movements in the market through the use
of technical studies, indicators, and other analysis tools.
There are several technical indicators that can be used to analyse the trend, some of them are
as follows

 Candlestick

 Pivot Point

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  Moving Average

 Bollinger Bands

 Relative Strength Index

FUNDAMENTAL ANALYSIS:
Fundamental analysis is a method of analysing financial markets with the purpose of price
forecasting. Forex fundamental analysis focuses on the overall state of the economy, and
researches various factors including interest rates, employment, GDP, international trade and
manufacturing, as well as their relative impact on the value of the national currency they
relate to.

SENTIMENTAL ANALYSIS:
Each trader has his or her own opinion of why the market is acting the way it does.

PESTEL ANALYSIS:

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CHAPTER-2: INDUSTRY PROFILE:

CONCEPT OF FOREX MARKET:

The Forex market is the market in which participants are able to buy, sell, exchange and
speculate on currencies. The forex markets is made up of banks, commercial companies,
central banks, investment management firms, hedge funds, and retail forex brokers and
investors. The currency market considered to be the largest financial market in the world,
processing trillions of dollars’ worth of transactions each day.

And in commodity market they deal with Gold and Silver

Silver

Gold

The some of the competitors for J wings are

 Religare

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  Share khan

 ICICI DIRECT

 INDIABULLS

Political factors:
In general, FX markets are lightly political because developed nations want to release
restrictions on the flow of global capital. For example, if UK would join euro zone then the
global forex trade would decline only 2%. I think in next five years the political intervention
to the forex market fundamentals will continually diminish.
Economic factors:
Forex market is global borderless and liquid financial market that operates 24 hours a day.
According to Keynes macroeconomic uncertainty lead people to stay or invest in more liquid
instruments. Because of its high liquidity, growth and profit potential, easy entry and exit.
Forex retail market is continuously attractive market in next five years. As a zero-sum game,
trading needs discipline and comprehensive market context analysis and therefore the service
of proprietary trading will have significant role in growth potential.
Social factors:
Retail forex trades are not guaranteed by a clearing organization and forex market has not
been the safest for participant. Over the last few years there has been a sharp rise in foreign
currency scams. This ethical issue has alerted governments to regulate the market. Although
in U.S NFA tries to regulate it, the global openness has enabled them to regulate many but
not all forex firms. Despite additional regulation will most probably appear in next five years,
the ‘increased legitimacy and transparency should fuel forex’s continued growth’

Technological factors:
Trading in the FX spot market is typically commission-free when done over electronic
trading systems, and the spread has fallen dramatically over the last five years as a result of
improved technology. Trading systems have been so far the collection of indicators and chart
patterns that one examines to determine when to enter or exit a particular market.
The speculative nature of the market is interested in relative movements of currencies. It
depends on large amount of information and variables, winners are those who can interpret
them quicker and more accurately. I believe that in the future computerized analysing tools
will play very significant role.

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Legal factors:
Forex has so far been largely unregulated marketplace. I think low transparency and
legitimacy will lead to additional regulation in order to protect newcomers and relatively
small participants in forex trading industry. Especially it will take place in proprietary trading
where traders collect customers’ money for speculation on behalf of customers over their
own account. This trend will result in higher regulatory and capital need barriers to entry the
market. For example, in U.S you have to apply for membership in NFA and obey their
regulation in the market, e.g. net capital has to equal at least $20,000,000

Environment:
These factors include all that influence the surrounding environment. Factors of a business
environmental analysis include but are not limited to climate, weather, geographical location,
global changes in climate, environmental offsets etc.

 Weather

 Climate change

 Laws regulating environment pollution

In conclusion the PESTEL analysis shows that the market should stay attractive during next
five years. The continued growth potential and fierce cost competition will lead to attaching
value added services to trading systems. Proper information synthesis of the currency market
impacts customer profitability which will become the driver of scaling the volume of trading.
Higher needs for comprehensive market knowledge and professional approach increase
customers demand for proprietary service.
This is how the account looks in real time

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In the above diagram we are having the new order option where we can take the new buy or
sell calls, and in the file option we can login to trade account, where in the view option we
can see the market watch of different symbols and in the indicator list we can select the
different types of oscillators and trends and in the above we can select the bar chart,
candlesticks and line charts.

Different currencies traded in the market

TYPES OF TRADERS
Intraday: It is a market where trader buys and sells the securities/currencies
within a day.
Short – term: It is market where trader takes a position less than 365 days.

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 Long – term: It is market where trader takes a position for more than 365 days.
Swing Trader: It is market where trader holds the position for 1 day to 15 days
TYPES OF CANDLE STICK PATTERNS

1. Hammer Candlestick & Hanging man candlestick:

Hammer candlestick pattern is a bullish reversal pattern in technical analysis. The pattern
looks like a hammer. The pattern has one candle. It forms a downtrend and considered as a
market bottom/support. Hanging man Candlestick pattern is a bearish reversal pattern, which
forms uptrend and considered as market top or a resistance price.

2. Piercing candle stick patterns:

Piercing candlestick serve as an indicator that it is time to either buy a stock or close out short
positions because the stock may be trending upward soon. As per the piercing candle, the
new candle (green candle) should be low and should close down 50% of the previous candle.
If the significant down trend follows, it is Bearish or otherwise bullish.

3. Engulfing:
Is a bullish reversal pattern, usually occurring at the bottom of a downtrend? The pattern
consists of two candlesticks. When a significant downtrend (red candle) is followed, the new
candle should make a new low and high simultaneously, but the previous candle should cover
inside the body. If the bullish is formed (green candle), note that market will shoot up.

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Is considered a bearish reversal pattern, usually occurring at the top of an uptrend. The
pattern consists of two candlesticks. When a significant uptrend (green candle), new candle is
formed which makes new high and low simultaneously, but the previous candle should cover
inside the body. If the bearish is formed (red candle), note that market will shoot downwards.

4. Morning star:
The morning star is a reversal pattern of technical analysis. The pattern has three candles
forming at a bottom of the downtrend. The first candle is long and bearish. The second candle
is small and indecisive candlestick. The third candle is longs and bullish candle.

5. Evening star:
The evening star candlestick pattern is also a reversal pattern. This pattern has three
candles. It forms at a top of an uptrend. The first candle is any long and bullish
candle. The second candle is a small and indecisive candlestick. The third candle is
any long and bearish candle.

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SUPPORT & RESISTANCE:

From the above diagram, the zigzag pattern is making its way up (bull or buy market). When
the forex market moves up and pulls back, the highest point reached before it pulled back is
call ‘Resistance’. As the market continues goes up again, the lowest point reached before it,
started back called ‘Support’.

SKILLS REQUIRED
Skills can be actual skills and competencies of the employees working in the company.

The skills of this company are:

o Strong analytical skills
o Forecasting skills
o Focus
o Record keeping

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 o Excellent communication and interpersonal skills (internally and externally).
CHAPTER-3: ORGANIZATION PROFILE

DETAILS:

Type : Proprietor

Headquarters : Bangalore, Karnataka

Industry : Financial Services

Year Founded : 2015

Corporate Office : 960/1, 5th cross, DM complex,

Opposite to VV Convention Hall
Babu sabpaalya, Kalyan Nagar
Bangalore-560043

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Business Activities: Advisory services, Stock market,
Investment planning and Training

Proprietor : Megesh M

Business Head : Gopal Krishna

Company contact info:

Website : http://www.jwings.in/

E-mail : info@jwings.in

Telephone : 080-48507952

The company deals in the following

 Investment Planning

 Investment Products

 Training and Education

 The company deals in Forex market, International commodity market.

 In the forex market the company mainly deals with following currencies

ABOUT THE COMPANY:

J Wings Company was registered in 2015 in India. J wings focuses in training and educating
individuals about global market and to sharpen their skills to participate in the financial
world. J wings came alive with the intention to provide support and guidance to new comers
to the trading world.
With our knowledge and years of experience in trading we have customized the training
programmed and made it simple for a layman to understand the financial market. Our courses
are targeted for individual investors or traders, novice or experienced, who want to learn how
to use the same tools and techniques as the professional traders. These courses offer a

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complete education and training experience focusing on trading fundamentals, technical
analysis, risk management, and highly- developed skills of execution for virtually any trading
instrument.

Nature of business carried:

J wings is a financial service providing company it operates globally. It has various business
activities like
1. Training
2. Stock Market
3. Health Insurance
4. Advisory Services
5. Investment Planning

Company’s Mission:
To develop meaningful and life long relationship with the clients by providing the
highest quality services and address every aspect of their financial related issues.

Company’s Vision:

To be the most trusted & respected professional services firm recognized by our
clients delivering excellent services, which is value for money & more than their
expectations.

Company’s Values:

Integrity, accountability, collaboration, passion.

Service provided by Company:

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J wings is a financial service provider. It provides the various services as follows.
1. Financial Planning: To achieve your dreams and fulfil your future obligations, you
need to carefully plan your finances. This can be done via sound financial planning
that considers your current and future needs, your individual risk profile and your
income to chart out a roadmap to meet these anticipated needs.
2. Investment Planning: Placing of funds into the proper investment vehicles based on
the investor’s future goals, time horizon and priorities. This also considers the safety
of the investments as well as liquidity and level of return. Ideally, proper investment
planning will allow the investor’s funds to produce financial rewards over time.
3. Risk Management: Risk management is the continuing process to identify, analyse,
evaluate, and treat loss exposures and monitor risk control to mitigate the adverse
effects of loss. While a variety of different strategies can mitigate or eliminate risk,
the process for identifying and managing the risk is fairly standard First, threats or
risks are identified. And then the vulnerability of key assets like information to the
identified threats is assessed.
4. Risk Control Techniques:
a) Avoidance of activities which cause loss
b) Reduction of the frequency of loss-risk prevention
c) Reduction of the severity of loss-risk reduction.

Company’s portfolio:

1. Commodity Trading
2. Currency Trading
3. Health Insurance
4. Mutual Fund
5. Credit Card
6. Loan
7. Stock sip
8. Wealth Management

Methodology:

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  Primary data is collected from live market i.e. Meta4 platform for trading currency in
J Wings company
 Secondary data: Data from J wings company website, from database available with
the company and from the platform used by the company
 Other relevant data required for the purpose of study was gathered from various
websites and TV channels such as
 Economic Times
 Forexfactory.com
 NDTV Profit (News Channel).

AREA OF OPERATION:
Investment guidance:
The placing of funds into the proper investment vehicles based on the investor’s future goals,
time horizon, and priorities, this also considers of safety of the investor as well as liquidity
and level of return. Ideally proper investment planning will allow the investor for to produce
financial rewards over time. The company allocated 3 types of services for 3 different types
of investors
1. Do it for me – Advisory referral services,

2. Help me out – Professional portfolio management,

3. Do it myself – Independent investors.

Training and Education:

The company provides a comprehensive, interactive and practical investor education for
market participants would be equity investors and the public in general. The company
believes that the most important asset an investor can have is knowledge; they provide their
clients with an exceptional education experience using innovative interactive resources.
Consulting:
They say, “From our knowledgeable guidance to power on the right track to do what you’re
in passionate.”

SWOT ANALYSIS:
SWOT analysis (alternatively SWOT Matrix) is a structured planning method used to
evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a
business venture. A SWOT analysis can be carried out for a product, place, industry or
person. It involves specifying the objective of the business venture or project and identifying

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the internal and external factors that are favourable and unfavourable to achieving that
objective.
Strengths are characteristics of the business that give it an advantage over others
Weaknesses are characteristics that place the team at a disadvantage relative to others
Opportunities are elements that the project could exploit to its advantage

Threats are elements in the environment that could cause trouble for the business

Identification of SWOTs is important because they can inform later steps in planning to
achieve the objective.
Users of SWOT analysis need to ask and answer questions that generate meaningful
information for each category (strengths, weaknesses, opportunities, and threats) to make the
analysis useful and find their competitive advantage.

Jwings Manifest Wealth is a company functioning since 2015 in training and educating
individuals about global market and to sharpen their skills to participate in the financial
world.
The strengths, weaknesses, opportunities and threats that Jwings Manifest Wealth faces and
has at present can be represented in a better way with the help of a SWOT table as follows.

Strengths Weakness
• High liquidity for investors
• Emphasis on building stronger bond • Newly established in India.
With customers i.e. (less brokerage • Growth and Expansion
Compared to others).
• Training and consulting
• PMS services

Opportunities Threats

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 • Growing Forex market • Highly competitive environment
• Emerging stock markets • Govt policies and global financial
• Expansion in untapped market crises
• Expansion in emerging economies

The some of the competitors for J wings are

 Religare

 Share khan

 ICICI DIRECT

 INDIABULLS

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CHAPTER-4: STUDY ON DEPARTMENTS
There are 3 major departments of the company they are as follows:
1. FINANCE DEPARTMENT
2. HUMAN RESOURCE MANAGEMENGT DEPATMENT
3. MARKETING DEPARTMENT
FINANCE DEPARTMENT:
The major part of an organization is that manage its money. The business functions of
a finance department typically include planning, organizing, auditing, accounting for and
controlling its company's finances. The finance department also usually produces the
company's financial statements.
Finance is a broad term that describes two related activities: the study of how money is
managed and the actual process of acquiring needed funds. It encompasses the oversight,
creation and study of money, banking, credit, investments, assets and liabilities that make
up financial systems.
AREAS OF WORK:
Analysing Indian stocks, commodity, derivative, currency, and global market. Analysing
based on fundamentals and technical with the available data in the markets. Engaging in live
trading with research analyst. Assisting research calls for long-term trading, short-term
trading and intra-day trading. Generating lead and closing portfolios.

Financial Products:
Advisory: The advisors assess the financial needs of individuals and help them with
investments (such as stocks and bonds), tax laws, and insurance decisions. They help clients
plan for short-term and long-term goals, they recommend investments to match the clients'
goals.

Health Insurance:
Health Insurance is a kind of insurance that provides coverage for medical expenses to the
policy holder. Depending on the health insurance plan chosen the policy holder can get
coverage for critical illness expenses, surgical expenses, hospital expenses etc. They advise
them to take insurance which suits their budget.
General Insurance:

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General insurance or non-life insurance policies, including automobile and homeowners’
policies, provide payments depending on the loss from a financial event. General insurance is
typically defined as any insurance that is not determined to be life insurance.
Stock market:
They give the better investment option to trade in the stock market to establish your goals,
risk tolerance, a stable stock portfolio goal, and a knowledge baseline for stock market
trading success, to know metrics, stock market orders, investment account type and where to
buy stocks
Financial Services:
Jwings Manifest Wealth is a financial service provider. It provides the various services as
follows.
Financial Planning:
To achieve your dreams and fulfil your future obligations, you need to carefully plan your
finances. This can be done via sound financial planning that considers your current and future
needs, your individual risk profile and your income to chart out a roadmap to meet these
anticipated needs.
Investment Planning:
Placing of funds into the proper investment vehicles based on the investor’s future goals, time
horizon and priorities. This also considers the safety of the investments as well as liquidity
and level of return. Ideally, proper investment planning will allow the investor’s funds to
produce financial rewards over time

Risk Management:
Risk management is the continuing process to identify, analyse, evaluate, and treat loss
exposures and monitor risk control to mitigate the adverse effects of loss. While a variety of
different strategies can mitigate or eliminate risk, the process for identifying and managing
the risk is standard First, threats or risks are identified. And then the vulnerability of key
assets like information to the identified threats is assessed.
The some of the competitors for J wings are

 Religare

 Share khan

 ICICI DIRECT

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  INDIABULLS

HUMAN RESOURCE MANAGEMENGT DEPATMENT:

HR is primarily concerned with the management of people within organizations, focusing on
policies and on systems. HR departments are responsible for overseeing employee-benefits
design, employee recruitment, training and development, performance appraisal, and
rewarding (e.g., managing pay and benefit systems).
Training is provided to every new batch of interns for few days and the learnt techniques
were examined on demo accounts which will be opened by each intern. Once the training is
done for certain period real accounts will be opened. And training services will also be
provided to customers that will be for 2 days if they want to trade on their own or else the
company staff will help the clients in handling over their accounts.
During the internship first month they will be taught briefly about the FOREX and STOCK
MARKET and later on will be provided with demo account to avoid huge losses and later on
will be provided with live account to trade they will go through the live account for 2-3
months upon that they will decide whether or not to give the PPO (pre placement offer letter)
METHODS OF APPOINTMENT
There are 2 types of appointment procedures allotted which are:

 Through Intern Shala

 Through Personal interview

1. Through intern Shala- The suitable candidates are been found through intern Shala
application and are been approached for the process of telephonic interview. Upon being
qualified in the interview will be contacted for personal interview by clearing it they will get
the offer letter for the internship.

2. Through personal interview- During the personal interview the candidates will be
requested to come to the company for the interview. In this process candidates will be
explained about the company profile and will be asked for the purpose of internship after
clearing all this they will get the appointment order. During the internship first month they
will be taught briefly about the FOREX and STOCK MARKET and later on will be provided
with demo account to avoid huge losses and later on will be provided with live account to
trade they will go through the live account for 2-3 months upon that they will decide whether
or not to give the PPO (pre placement offer letter)

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SALARY OR STIPEND ALLOTMENT:
The salary or stipend is allotted to all the interns based on monthly term, it is based on their
work the more they work the more they earn. For stipend it is fixed from 2000-10000. For the
employees it is in the form of commission the more they trade the more they get.

ALLOCATION OF LEAVE:
Leave allotment is a lengthy process as you must get permission from the HR prior itself with
a reasonable information then only your leave will be granted. Putting leave without prior
information or any reasonable information will be marked as absent which will get reflected
in your certification. Monthly only 2 leave are granted in the company.

NATURE OF THE JOB ASSSIGNED:

 Assignment portfolio management was the job assigned, so initially they provided
training for 5 weeks regarding forex market, technical tools which are used to predict
the market movements, like pure point calculations, which helps in knowing the
support and resistance level, moving average and Bollinger bands helps in predicting
or forecasting the trend.
 And Relative strength index and stochastic oscillator which will helps in knowing
direction of market when there is no trend.
 Later we were asked to work with marketing team, which includes making calls to
company given database contacts, explaining them about the various investment
options available with the company.
 Next few weeks we were assigned to do research analysis, i.e., we were asked to look
after the technical tools on one currency and related fundamental information which
will help to forecast the future movements of the market. Later we asked to monitor
client

JOB DESCRIPTION:
• To educate and advise individuals on investment decisions.

• An individual to generate the leads of HNI investors.

• An individual to fix up appointments with HNI investors, make presentations, follow up

and Close the deals.

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• Handling the portfolios and setting up guidelines.

• Learning the importance of relationship between traders, market makers and Clients.

• Good understanding of international commodity market and understanding of economic

data and Interest in financial markets.

• Ability to work under time pressure while keeping accuracy as a high priority.

• Should increase the knowledge of financial markets.

• Should have excellent time management, technical skills and analytical skills.

MARKETING DEPARTMENT:

A marketing department promotes your business and drives sales of its products or services.
It provides the necessary research to identify your target customers and other audiences.
Depending on the company's hierarchical organization, a marketing director, manager or vice
president of marketing might be at the helm.
The marketing interns where asked to promote the company product among their peers and
assist them with quires. Promoting the company by using their digital marketing skills.
Conduct seminars in colleges to promote company products.
MARKET ANALYSIS:
In this process we analyse the market from our point of view and decide whether the platform
that we have chosen is the right one will it withstand and help us out in the future. During this
process I have noticed that people now a days are afraid to invest their saving into stock
market that’s the main reason why market goes up and down now a days.

FOCUS ON CUSTOMERS:
First, the product which we sell in our company is a service or a knowledge about the stock
market and the FOREX market. Customers and important for every company now coming to
our company we attract customers by providing them online videos about stock market and
FOREX market to those people who doesn’t have any knowledge about it and help them in
understanding the market and strategies. By doing this most of the people in the country will
get the knowledge about it by not coming to the company or any other place but by just
checking the videos which are uploaded in the company website.

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HOW SERVICE IS PROMOTED:
1. Promoting company products among your peers and assist them with queries: This is
the place where we get lot of candidates who will be willing to learn about the company who
is into the stock market or the FOREX market. We did spread out the information as much as
possible and found out that people where interested in this field and where keen to find out
how things proceed. During my internship I also appointed some interns during my internship
I got a positive feedback on stock market.

2.Promoting company by using digital marketing strategies: Our services were also
promoted digitally by uploading videos to the company website where interested people can
opt for it by paying some amount and getting subscribed to it which will help them to learn
all the strategies of market.

3. Conduct seminars in college to promote company products: We also promoted our

service by visiting to the nearby college and giving seminar about stock market and FOREX
market and spread awareness about how important it is now a days to invest your saving into
these things other than FDs.

Approach to bring clients:

 To understand the policy which the Company offers to the client.

 To determine the legitimate prospects covered with in the brochure.

 To build the target lists and develop the strategy to develop them.

 To be ready with the supporting documents like Aadhar card or PAN for opening
account.

 To measure and decide for presentations of the schemes with ready reference of
current trends in the market economic.

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CHAPTER-5: WORK DONE
Task assigned: Training on forex market
First week of first month we had Introduction to Forex Market (foreign exchange market)
FOREX, FOREIGN EXCHANGE, foreign exchange market is a cash interbank market
established in 1971. The FOREX is a group of approximately 4500currency trading
institutions including international banks, government central banks and commercial
companies.
FOREX is a 24hrs market and trading begins each day in Sydney and moves around globe as
the business day begins in each financial centre, first in Tokyo, then in London and then New
York. 75% of the trading will happen in dollar and 25%
transactions will happen with other currencies. So, US dollar is called as King of market.
The forex market is larger than all other financial markets combined. It is two ways market
were both buying and selling can be done. FOREX market is the largest financial market in
the world with a daily average turnover of $4 trillion – it is 30 times larger than the combined
volume of all us equity market.
The most traded currencies in forex market are US dollars, Euro, Japanese Yen, Pound
sterling, Australian Dollar, Swiss franc, Canadian Dollar, Hong Kong Dollar, Swedish Koran,
and New Zealand Dollar.
We were asked to use trading platforms at the time of training
TRADING PLATFORM:
A currency trading platform is a type of trading platform used to help currency traders with
forex trading analysis and trade execution.

 
METATRADER 5: MetaTrader 5 is an institutional multi-asset platform offering
outstanding trading possibilities and technical analysis tools, as well as enabling the use of
automated trading systems (trading robots) and copy trading. MetaTrader 5 is an all-in-one
platform for trading Forex, Stocks and Futures.

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Advantages of using MT5

 It supports complete price charting system.

 It gives almost all technical tools require for analysis.

 It helps in locating the chart pattern and expected future price of currency.

 It helps to execute Buy and Sale call options with a support and resistance.

 It gives the opportunity to access trades through gadgets or smartphones with enable
database
Disadvantages of using MT5
 The commission is more compared to other trading format.
 The MT5 trading pattern is slow.
 The spread is more compared to other trading pattern.
PIP:
It is usually the last decimal place of a quotation. Most pairs go out 4 decimal places, but
there are some exceptions like Japanese Yen pairs (they go out to two decimal places.)

Lot:
In the past, spot forex was only traded in specific amounts called lots, or basically the
number of currency units you will buy or sell. The standard size for a lot is 1, 00,000 units of
currency, and now, there also mini, micro, and lot sizes that are 10,000, and 100 units
respectively.

Leverage:
It is the amount which will hold the investor but not necessarily keep, this is how small
investors can trade in such large amounts of money. The amount of leverage depends on the
broker, typically they require trade deposit, which is also known as account margin. Once the
amount is deposited the investor will be able to trade, and the broker will also specify how
much they require per position (lot) traded. For e.g., if the leverage is 100:1 it means if you
want to trade at $100,000 but you have only $5000, at this time the broker would set aside
$1000 as down payment, or the margin, and let you borrow the rest. Any losses or gains will
add up to remaining balance.

Types of orders

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Market order: It is an order to buy or sell at the best available price. Or it is the exact price
at which you could click and buy or sell instantly on your trading platform.

Limit entry order: It is an order placed to either buy below the market or sell above the
market at a certain price. 2 types:

• Buy limit: order placed below price and price then goes up.

• Sell limit: order placed above price and price then goes down.

Stop entry order: It is an order placed to buy above the market or sell below the market at a
certain price. 2 types:

• Buy stop: order placed above price and price keeps going up.

• Sell stop: order placed below price and price keeps going down.

Stop loss order: It is a type of linked for the purpose of preventing additional losses if the
price goes against you. If you are in a long position, it is a sell stop order. And if you are in a
short position, it is a buy stop order.
Task assigned: Training on forex market
The first week in second month continued with training on forex market
There are two main things that every trader should consider and be aware of, where they must
enter and exit,
They are:
Take profit and Stop loss

Take Profit: Take profit is the amount of money you intend to make in a trade. In your order,
you specify a price at which you will close your trade. The take profit is also called as “Profit
target”.

Stop Loss: Stop loss relating to an order to sell a security or commodity at a specified price in
order to limit a loss.

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Task assigned: Training on technical indicators
Third month they trained on technical indicators Technical indicators that use the same scale
as prices are plotted over the top of the prices on a stock chart. Oscillators - Technical
indicators that oscillate between a local minimum and maximum are plotted above or below a
price chart.
The technical indicators help in knowing the direction of the markets or the trend followed by
the markets and oscillators which helps when there is no trend in the market.
Under trend there are: Moving average and Bollinger bands.
Moving average: it is one of the important mathematical indicators, which is used to show
the average price movements of a security over a period. These are used to highlight the
direction of a trend. It should be noted that the period doesn’t always need to be in days. It
can also be calculated using minutes, hours, weeks, months, quarters, yearly etc.
There are 2 types of moving averages:
Simple moving average and Exponential moving average.
Simple moving average: This is the most common method which is used to calculate the
moving averages of prices. It can be calculated simply by taking the sum of all past closing
prices over the time and divides the result by the number of prices used in the calculation.
Exponential moving average: This is more effective than SMA because it uses a
smoothening factor to place a higher weight on recent data points. And, EMA is more
responsive to new information compared to SMA. This is the reason why technical analysts
prefer more EMA than any other types of moving averages. It is calculated by using the
following formula.
EMA= (current closing price *factor) + (previous day closing price*(1-factor))
Where factor = 2/n+1.

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Bollinger bands:
This helps in knowing market volatility through support and resistance level. This indicator
includes 3 bands (lines) which means when the close price is near to the upper band it shows
over bought in market and similarly when the close price is near the lower band it shows
signal for over sold in market and this is what most of the traders believes.

Task assigned: Training on technical indicators and Indian market

Third month they continued with training on technical indicators and Indian market

Under oscillators there are: Relative strength Index and Stochastic oscillator.

Relative strength index: It is one of the powerful and popular indicators, which indicates
overbought and oversold market conditions along with the signals of buying and selling
opportunities in the market. If the RSI is rising in the overbought zone, it would indicate the
downfall of the price, if RSI falls in the overbought zone it gives clear signal of selling. The
term overbought describes the price level at which momentums can be no longer be

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maintained and the prices must fall down. The term oversold describes that a security or
market that has declined to an unreasonably low level.

Stochastic oscillator:
It refers to a point of current price in relation to its price range over a period. This indicator
uses a support and resistance level. And this contains two lines red and blue where blue
indicates demand and red indicates supply and the curves will be moving between 20-80%. In
this when blue curve cuts red curve from below it means the prices are moving up and gives
buy signal, vice versa when red cuts blue from below.

Introduction on Indian Stock Exchange

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'Stock Market’: It is a place where shares of pubic listed companies are traded. In India, the
secondary and primary markets are governed by the Security and Exchange Board of India
(SEBI). A stock exchange facilitates stock brokers to trade company stocks and other
securities.
They mainly trade in NSE and BSE
NSE (National stock exchange):
The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India,
located in Mumbai. NSE was established in 1992 as the first demutualized electronic
exchange in the country. NSE was the first exchange in the country to provide a modern,
fully automated screen-based electronic trading system which offered easy trading facility to
the investors spread across the length and breadth of the country. It offers trading and
investment in equities, derivatives, debt, interest rate futures and many.

BSE (Bombay stock exchange):

Established in 1875, BSE (formerly known as Bombay Stock Exchange Ltd.), is Asia's first
& the Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India's
leading exchange groups. Over the past 140 years, BSE has facilitated the growth of the
Indian corporate sector by providing it an efficient capital-raising platform. More than 5500
companies are listed on BSE making it world's No. 1 exchange in terms of listed companies.
BSE's popular equity index - the S&P BSE SENSEX – is India's most widely tracked stock
market benchmark in MCX: Multi Commodity Exchange of India Ltd is an independent
commodity exchange based in India. It was established in 2003 and is based in Mumbai. It is
India's largest commodity futures exchange where the clearance and settlements of the
exchange. In 2015, MCX was sixth among the global commodity bourses in terms of the
number of futures contracts traded.
LEARNING OUTCOME:

• Brief knowledge on forex market (foreign exchange market).

• Types of currencies involved in markets like Major currencies, Minor, Cross and
Exotic.

• Resistance and support level which helps in knowing the buying and selling option
this can be done by applying pure point calculation.

• We started demo account for currency trade where we applied all pure point
calculation and starting trading in small volumes.

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 • We learnt how to trade in different currencies like US dollars and with cross
currencies.

• Here take profit and stop loss are two main things which is very important to every
trader in order to know the where to enter and exit.

• Application of these two options in demo accounts in each and every trade I execute
and checking which ratio would be better, usually 2:1 works better.

• Stop loss and take profit is very important in stock market when we apply this there is
a less chances of losing money and more chances of gaining.

• So, every trader should apply stop loss and take profit.

• The relative strength index and stochastic oscillator helps in knowing the present
movements on hourly, daily, weekly and monthly basis, based on which the trader
gives a buy and sell call for the currency.

• The difference between the RSI and Stochastic oscillator was RSI will only have one
trend line and Stochastic has 2 lines which is, red line indicates supply and blue line
indicates demand.

• So, when blue cuts red from below it means price will go up and it is a buy signal and
vice versa sell signal.

• sell signal.

• And this is experienced practically by applying them in demo account.

• Brief knowledge on Indian stock exchange fundamental analysis.

• There are number of listed companies to trade.

• The Indian market opens at morning 9:15AM where the high low previous day’s
values will be there.

• Based on the market value we trade in de-mat account.

• Fundamental analysis helps in forecasting the price movements.

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 • when we do marketing for the company, we get an opportunity to interact with clients

• Which helps in knowing customers better and suggest them suitable investment
option according to their financial goals.

• As an intern we had given only 3 investment options where we convinced customers

to invest based on their income or whichever is suitable to them. Based on the options
we suggest clients to invest.

• Research analysis was helpful to know the market movements we were able to
suggest the existing clients to take up calls.

• And not all customers will take the suggestion for buy and call options but maximum
clients whom I suggested took the buy and sell option.

• We learnt how research is helpful in stock marketing field.

• Customers took up the calls provided by me.

• Portfolio management helps to make better decisions as we are monitoring the client’s
portfolio.

• With market movements and fundamental analysis helps in knowing actual position
of the particular currency to trade.

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 CONCLUSION

Forex market is a very volatile market that’s why some people choose either to stay away or
invest very less. Some invest without even analysing the market. But if we have proper
knowledge then an investor can gain a lot. Investing without knowledge will give us nothing.
So, if we even think to invest in currency and commodity market, we should do proper
analysis. Fundamental as the word suggests will give us basic knowledge of the happening in
the economy. This acts a very powerful indicator because the economy of a nation is the first
thing a person should analyse while investing. Technical is the statistical measure that gives
us the analysis. We should check all the technical indicators before investing. If more that
50% of our indicators suggests buy, then we should go for it.
In currency and commodity market, if our technical are giving us a positive sign and we have
a negative fundamental then things might not go as though. There could be a negative impact.
So, a person should invest with proper analysis, by analysing both fundamental and technical
as both go hand in hand.

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 BIBLIOGRAPHY
The organisation references are taken by the head manager of organisation and
from the below web site
 http://babypips.com
 http://forexfactory.com
 http://gbcfx.com

https://www.metatrader4.com/en
 https://www.investing.com/
 http://www.actionforex.com/
 http://www.shubhlaxmicommodi
ty.com/
 https://www.ibef.org/industry/fin
ancial-services-india.aspx
 http://www.jwings.in/

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