Forex Trading Tracker
Advanced trading tools designed specifically for Indian forex traders with real-time analytics, risk management, and tax calculation
Trading Metrics
Risk Calculator
Real-time INR Forex Rates
Tax Calculator
Performance Analytics
Trade History
| Date | Pair | Type | Size | Risk (R) | P&L | Status |
|---|---|---|---|---|---|---|
| 24 Jun, 10:30 | USD/INR | Long | $5,000 | 1.0 | +₹3,200 | Win |
| 23 Jun, 14:15 | EUR/INR | Short | $3,000 | 1.0 | -₹1,800 | Loss |
| 21 Jun, 09:45 | GBP/INR | Long | $4,500 | 1.5 | +₹5,750 | Win |
| 19 Jun, 11:20 | JPY/INR | Short | $2,500 | 0.8 | +₹2,100 | Win |
| 17 Jun, 16:30 | USD/INR | Short | $6,000 | 1.0 | ₹0 | Break Even |
Trading Journal
24 Jun 2023 - USD/INR (Confident)
Setup: Price bounced off key support at 82.15 with bullish RSI divergence and increasing volume. Daily chart showed this was the third test of support.
Execution: Entered long at 82.20 with stop at 82.05 (15 pip risk). Position size was $5,000 (1% risk). Took 1/2 profit at 82.40 and let remainder run to 82.45.
Result: Trade hit final TP for +25 pips (₹3,200 profit). First target was at previous resistance level.
Lesson: Good patience waiting for confirmation. Could have scaled out 1/4 at 82.30 where minor resistance was.
23 Jun 2023 - EUR/INR (Anxious)
Setup: Price was overbought on H1 chart near resistance at 89.80 after a strong rally. Looked for mean reversion short.
Execution: Entered short at 89.75 with stop at 89.95 (20 pip risk). Position size $3,000 (1% risk).
Result: ECB speech caused unexpected volatility. Price spiked to 89.98 before reversing. Stopped out for -20 pips (₹1,800 loss).
Lesson: Need to check economic calendar more carefully. Avoid trading during major news events. Could have waited for the news to pass.
Forex Education for Indian Traders
Trading Basics
Essential knowledge for Indian forex traders:
- Forex Market Hours: 9:00 AM - 5:00 PM IST (for INR pairs)
- Legal Framework: RBI guidelines for forex trading in India
- Currency Pairs: Focus on USD/INR, EUR/INR, GBP/INR
- Pip Value: Calculating pip value for INR pairs
Technical Analysis
Strategies tailored for INR markets:
- Support/Resistance: Key levels for INR pairs
- Indicators: RSI, MACD, Bollinger Bands for forex
- Chart Patterns: Recognizing patterns in currency movements
- Risk Management: Position sizing for Indian traders
Latest Forex News
RBI Intervenes to Stabilize Rupee
The Reserve Bank of India has stepped in to prevent excessive volatility in the USD/INR pair as the rupee approaches 83.50 levels.
Euro Weakens Against Major Currencies
ECB hints at slower rate hikes, causing EUR/INR to drop 0.8% in today's session.
UK Inflation Data Boosts GBP/INR
Stronger-than-expected inflation figures from the UK have pushed GBP/INR to a 3-week high of 102.25.