Rakesh Kumar
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  • Victoria
  • Australia
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Rakesh Kumar's Page

Profile Information

About Myself
I am 29 years old and an engineer by profession. I have been working as a sales and marketing manager for the past 7 years and trading forex at the same time. I have been making enough profits and have learnt all about forex from news,websites and experience.
Trading style
Traditional and News trading
Current Broker
Etoro and FXCM

Rakesh Kumar's Blog

What we expect from the next week?

Posted on March 17, 2013 at 1:12pm 0 Comments

Hi Everyone



Last week has been relatively quite. I will try to cover in the coming weeks and make the most out of it.



Coming week will be active and I am expecting it to be more profitable than the previous week. FOMC meeting and statement on thursday will be interesting to watch. Australian Monetary policy meeting on tuesday will be interesting to but for AUD pairs only. AUDUSD is likely to get stronger in the coming weeks. So will be the…

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USD Weakening Is Own Its Way!!!!

Posted on March 6, 2013 at 1:03am 0 Comments

Good Afternoon Everyone!



I have been missing trading and you guys for the past 5-6 days. I couldn't put my blog because I was travelling and doing lot of other stuff. Let's talk about the Market now.



Last week we saw a strengthening in USD which was somewhat you can say was due to Bernanke speech 3 times in a week. Bernanke Generally doesn't give speeches 3 times in a week so investors and market got…

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Bernanke Has done it again!!!!

Posted on February 28, 2013 at 1:02am 0 Comments

Good Morning everyone!

Last night Ben Bernanke has done it again. He had done in the past and once again he did what Draghi or any other politician couldn't do.

The committee threw some hard questions and questioned his credibility about the future forecast but he answered the questions in his fashion and defended his QE very strongly. He was also suggested that he should take other members in the FOMC seriously. His defence against QE took USD down against all currencies and…

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Beware: NZD is not a one bet says Governor Wheeler

Posted on February 20, 2013 at 3:04am 0 Comments

Good Afternoon everyone

It has been relatively quite for me for the past 2 days but today I say an opportunity and ripped some quick pips. I was expecting NZ governor to give some hawkish news because there has been hawkish statements from the New Zealand politician regarding high NZD. So it happened New Zealand Governor gave hawkish statement and I took quick 56 pips profits on my NZDUSD. NewZealand Governor warned the investors that kiwi is not a one way bet which means whatever…

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