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BOMBAY STOCK EXCHANGE BROKERS' FORUM (BBF) | MUMBAI, INDIA

MARCH 2023 | VOLUME: 11 • ISSUE NO. 12 •

ARNAUD

DELESTIENNE

Luxembourg Stock Exchange

Luxembourg -

paving the way

for India’s green

transition

NICOLAS

MACKEL

Luxembourg for Finance

Finance must

continue to

go global to

benefit all

TYLER

WOOD

CMT Association, Inc.

Avoiding

analysis

paralysis

PANDIT

DASA

Work Mindful Corp.

Mindfulness &

Mental Health

in the workplace

FIONA

ENGLISH

Fiona English

Making

purpose

real

RAJKO

DOLINSEK

Informa Echo Agency

Personal

development

is a lifelong

challenge

KRISHNA

KANHAIYA

Mirae Asset Financial Services

Lending

against

shares and

mutual fund

ALEXANDRA

GRAPA

Oia Properties

UAE real

estate

market

BHAIRAV

KOTHARI

SuperCFO Advisory

Startup

& finance

NAMRATA

JAIN

Out Aloud

Mindful

trading

AVNISH

ANAND

CaratLane - A Tanishq Partnership

Digital

transformation

de-mystified

RIDIMA

WALI

Nyra Leadership Consulting

Why

Listening =

Leading?

DR. AKHIL

SHAHANI

The Shahani Group

Future

of

education

INDIAN 2023 BUDGET - THEME OF 7 IDEOLOGIES

FUND MANAGEMENT ENTITY IN IFSC

IFSC GIFT - ESG SCHEMES IN INDIA

AVOIDANCE OF PREFRENTIAL AND FRADULENT TRANSACTIONS

10 QUESTIONS TO FACILITATE YOUR VIRTUAL TEAM NORMING SESSION

WAYS TO EMBRACE EQUITY - INTERNATIONAL WOMEN’S DAY 2023

Inside:

EXECUTIVE COMMITTEE

GOVERNING BOARD MEMBERS

BOMBAY STOCK EXCHANGE BROKERS’ FORUM (BBF)

GOVERNING BOARD 2022 - 23

Anup Gupta

Sykes & Ray

Equities India Ltd.

Cyrus Khambata

Paytm

Money Ltd.

Madhavi Vora

ULJK Securities

Pvt. Ltd.

Naresh Rana

Vishwas Fincap

Services Pvt. Ltd.

Neeraj Choksi

NJ India

Invest Pvt. Ltd.

Nirav Gandhi

JM Financial

Services Ltd.

Nithin Kamath

Zerodha

Securities Pvt. Ltd.

Ajit Sanghvi

MSS Securities

Pvt. Ltd.

Parth Nyati

Swastika

Investmart Ltd.

S. P. Toshniwal

Sunlight

Broking LLP

HEMANT MAJETHIA

Vice Chairman | BBF

Ventura

Securities Ltd.

LALIT MUNDRA

Chairman | BBF

Suresh Rathi

Securities Pvt. Ltd.

HARIN MEHTA

Treasurer | BBF

M/S. V. C.

Mehta

KUSHAL A. SHAH

Jt. Secretary | BBF

Ratnakar

Securities Pvt. Ltd.

KISHOR KANSAGRA

Secretary | BBF

Pragya

Securities Pvt. Ltd.

Anurag Bansal

SMC Global

Securities Ltd.

Ashish Rathi

HDFC

Securities Ltd.

Dr. Pravin Bathe

Angel One Ltd.

Purav Fozdar

Axiom Share

Broking Pvt. Ltd.

Vivek Gupta

GEPL Capital

Pvt. Ltd.

Virender Mansukhani

Mansukh Securities

and Finance Ltd.

Uttam Bagri

BCB Brokerage

Pvt. Ltd.

Tejas Khoday

Fyers Securities

Pvt. Ltd.

Saurabh Jain

SSJ Finance &

Securities Pvt. Ltd.

Roopkishor Bhootra

Anand Rathi Shares &

Stock Brokers Ltd.

Santosh Jayaram

GROWW

Disclaimer: This magazine is meant for information purposes only and does not constitute any opinion or guidelines or recommendation on

any course of action to be followed by the reader(s). It is not intended to be used as trading or investment advice by anybody and should not

in any way be treated as a recommendation. The information contained in this magazine does not constitute or form part of and should not be

construed as, any offer for purchase or sale of any product or service. While the information in the magazine has been compiled from sources

believed to be reliable and in good faith, readers may note that the contents thereof including text, graphics, links or other items are provided

without warranties of any kind. Bombay Stock Exchange Brokers' Forum (BBF) expressly disclaims any warranty as to the accuracy,

correctness, reliability, timeliness, merchantability or fitness for any particular purpose, of this magazine. Bombay Stock Exchange Brokers'

Forum (BBF) shall also not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the

information or data contained in this magazine. Any alteration, transmission, photocopied distribution in part or in whole or reproduction of

any form of this magazine or any part thereof without prior consent of Bombay Stock Exchange Brokers' Forum (BBF) is prohibited.

Printed, Published and Edited by Dr. VISPI RUSI BHATHENA, PhD (h.c.)

& Dr. V. ADITYA SRINIVAS on behalf of Bombay Stock Exchange Brokers' Forum (BBF),

printed at KSHITIJ PRINTERS, 49, Parsi Panchayat Road, Ashok Ind. Estate, 1st, Floor,

Andheri (East) Mumbai - 400 069. and published from Bombay Stock Exchange Brokers'

Forum (BBF), 808 A,P. J. TOWERS, DALAL STREET, FORT, MUMBAI - 400 001.

Editor: Dr. V. ADITYA SRINIVAS | Design by: Harshad Gajera | Photographer: Sanjeev Dubey

Write to us: We would be happy to hear

from you! Do send in your suggestions,

feedback and comments via email to

contact@brokersforumofindia.com

Visit us: www.brokersforumofindia.com

BBF Steering Committee

(Chairman)

(Vice-Chairman)

(Secretary)

(Treasurer)

(Jt. Secretary)

Lalit Mundra

Hemant Majethia

Kishor Kansagra

Harin Mehta

Kushal A. Shah

Follow us on:

@bbfindia

/bbfindia

/Bsebrokersforum

/bbfindia

FORUM VIEWS - MARCH 2023

06

Global

Insights

LUXEMBOURG - PAVING THE WAY

FOR INDIA’S GREEN TRANSITION

FINANCE MUST CONTINUE TO

GO GLOBAL TO BENEFIT ALL

AVOIDING ANALYSIS PARALYSIS

PERSONAL DEVELOPMENT IS A

LIFELONG CHALLENGE

MINDFULNESS AND MENTAL

HEALTH IN THE WORKPLACE

FUTURE OF UAE REAL

ESTATE MARKET

MAKING PURPOSE REAL

10 QUESTIONS TO

FACILITATE YOUR VIRTUAL

TEAM NORMING SESSION

26

Your

Questions

Answered

BREAKING TRADITIONAL WAYS

OF LENDING AGAINST SHARES

AND MUTUAL FUND

FUND MANAGEMENT

ENTITY IN IFSC

AVOIDANCE OF PREFRENTIAL

AND FRADULENT TRANSACTIONS

UNDER THE INSOLVENCY AND

BANKRUPTCY CODE, 2016

32 Insights

WHO IS TO BE BLAMED - YOUNG TECHIE MR. A OR THE STARTUP?

IFSC GIFT - ESG SCHEMES IN INDIA

AGRICULTURE AND

ECONOMIC DEVELOPMENT:

FOOD FOR THOUGHT

37

Economy

& Society

40 Feature

INDIAN 2023 BUDGET

REACHING ITS

INVINCIBLE AND

PINNACLE MOMENTS

ACROSS THE GLOBE

MINDFUL TRADING

DIGITAL

TRANSFORMATION

DE-MYSTIFIED

THE FUTURE

OF EDUCATION

WAYS TO EMBRACE

EQUITY - INTERNATIONAL

WOMEN’S DAY 2023

SECTION 148 IN

THE INDIAN CONTRACT

ACT, 1872

COMPLIANCE CALENDAR

53

Regulatory

Compliance

ADDRESSING THE BURDEN OF

SICKLE CELL ANEMIA IN INDIA

54

Living

Health

Matters

Nurturing

Lifestyle

55

CHALLENGES ARE A BLESSING

WHY LISTENING = LEADING?

COMMUNICATION

THE ONLY WAY TO REDUCE

EMOTIONAL PAIN TOMORROW

IS TO CONFRONT IT TODAY

Dr. Vispi Rusi Bhathena | PhD (h.c.)

Chief Executive Officer

Dr. V. Aditya Srinivas

Chief Operating Officer

and Chief Economist

FORUM VIEWS, MARCH 2023 edition

INDIAN ECONOMY STRONG AMONG GLOBAL HEADWINDS: The numbers that are coming

from the macroeconomic front clearly show that the Indian economy is far stronger as compared to

the global economies. The Budget projected that our GDP would be 7% which is one of the highest

in the current times as the world GDP is likely to be 2.9%. The US Economy is growing at 1.9% and

China GDP is at 3.9%.

F R O M

THE

BBF SECRETARIAT

Globally all major central banks have increased interest rates near the terminal rates. The US Fed

Reserve has already reached it around 5% and the UK Bank of England is at 4%. The possibility of

now aggressive rate hikes is very less. Inflation globally has been coming down. The US inflation has

come down from 9% to 6.5%. Indian inflation CPI has increased to 6.52% which is above the 6%

mark of RBI.

RBI has also increased the Repo rate by 25 basis point to 6.5% in the latest monetary policy meet.

The repo rate has been increased from 4% to 6.5% which is 250 basis point like in last one year. This

has also made the cost of capital more and can affect the demand and consumption in negative way.

India's IIP growth declines to 4.3% in December from 7.3% in November. Industrial growth in

December 2021 was 1 percent. The manufacturing sector also signals slight slowdown and hence

the cost of capital is vital for the industry to gain momentum. The stock markets have witnessed

huge volatility even as the FIIs have been net sellers to the tune of Rs. 30,000 crores while the mutual

funds have been buyers to the tune of Rs. 17000 crores. This has been some support to the markets.

The SIP flows have been more than Rs. 10,000 crores monthly, which is the main flow from the retail

investors. This shows the strength of the retail investor and their faith in the Indian economy.

From

to You...

BBF

We wish you all the joy

and happiness in the world

today and forever.

I N T E R N A T I O N A L

WOMEN’S

day

H A P P Y

Global

FORUM VIEWS - MARCH 2023

cross the world, a growing number of

governments are introducing net zero

Acommitments, in response to the alarming rate of

climate change and the potential impact it could have on

our societies in decades to come. India is no exception to

this rule and is looking to become a driver of change in

south Asia, having set its first net zero pledge at COP26 in

Glasgow at the end of 2021.

Ranking fourth in the list of the biggest carbon dioxide

emitters behind China, the US and the EU, the country is

aiming to reach carbon neutrality by 2070 and source half

of its energy from renewable resources by 2030.

Following on from its initial pledge, India submitted its

Long-Term Low Emission Development Strategy to the

United Nations Framework Convention on Climate

Change (UNFCCC) at COP27 last November, underlying

yet again the country’s ambition to spur a wave of change,

and join the growing list of countries that are taking action

against climate change.

Luxembourg - a longstanding economic ally

With diplomatic relations dating all the way back to 1947

and longstanding economic and commercial ties spanning

different sectors, Luxembourg and India have long enjoyed

a fruitful and close relationship marked by sustained

investment activities between the two countries.

The close ties between India and Luxembourg have also

translated into a growing number of Indian citizens

relocating to Luxembourg in recent years. In 2020, Indian

citizens represented the 5th biggest diaspora outside the

EU living and working in Luxembourg and 14th amongst the

foreign citizens living in the Grand Duchy, compared to 27th

in 2015.

Insights

LUXEMBOURG - PAVING THE WAY FOR

INDIA’S GREEN TRANSITION

Arnaud Delestienne

Director of International Capital

Markets, Member of the

Executive Committee

Luxembourg Stock Exchange

(LuxSE)

Ranked the most international financial centre in the world

and second biggest hub for investment funds in the world

according to New Financial, Luxembourg is also home to

the Luxembourg Stock Exchange (LuxSE), the world's

leading venue for the listing of international debt securities,

and the second stock exchange in the world to ever list a

Masala bond. Historically, LuxSE has been trusted by some

of the top Indian corporates and financial institutions for

listing their global depositary receipts (GDRs) to gain

exposure to international investors and today, LuxSE has

more than 35 active Indian GDRs listed and traded on its

markets.

More recently in November 2020, LuxSE entered into two

memoranda of understanding (MoUs) to further strengthen

the ties between India and Luxembourg and expand Indian

Strengthening ties between India and Luxembourg

Ranked the most international

financial centre in the world and

second biggest hub for investment

funds in the world according to

New Financial, Luxembourg is also

home to the Luxembourg Stock

Exchange (LuxSE), the world's

leading venue for the listing of

international debt securities, and

the second stock exchange in the

world to ever list a Masala bond.

(Luxembourg)

FORUM VIEWS - MARCH 2023

corporate issuers’ access to international investors. Signed

with the State Bank of India (SBI) and the India International

Exchange (IFSC) Limited (India INX) respectively, these

MoUs - which were aimed at promoting green finance in

India - marked the first two agreements ever to be signed by

LuxSE with Indian institutions.

In recent years, LGX has placed a strong emphasis on

helping issuers across emerging economies break into the

realm of sustainable finance, introducing a number of new

initiatives and services in the process.

In May 2020, LuxSE established the LGX Academy, which

offers sustainable finance courses to financial

professionals across developed and emerging markets,

providing a hands-on pragmatic tool to navigate the

market’s complexities.

Later that year, the LGX DataHub was launched. A

centralised database providing investors and asset

managers with granular and structured sustainability data,

it covers close to the entire universe of the world’s listed

sustainable debt securities, helping users to understand

and compare the green and social impact of different GSSS

bonds.

In 2021, LuxSE also established the LGX Assistance

Services to support potential issuers that are eager to enter

the sustainable bond market. Through this service,

sustainable finance experts assist issuers in the pre-

issuance process in a number of ways, such as providing

technical support with the structuring and review of the

framework, peer comparison, as well as guidance on the

post-issuance allocation and impact reporting best

practices.

Debates around sustainability and India’s net zero

commitments will undoubtedly continue to impact the

country's rapidly evolving financial landscape over the

coming years - and in LuxSE, Indian market participants

have a strong and well-versed ally that could play an

important role in helping accelerate this much-needed

transition.

Transparency and education to broaden the reach of

sustainable finance

In May 2020, LuxSE established

the LGX Academy, which offers

sustainable finance courses to

financial professionals across

developed and emerging

markets, providing a hands-on

pragmatic tool to navigate the

market’s complexities.

Building on these MoUs, in June 2022 India INX and LuxSE

took another important step by signing a first cooperation

agreement to enhance the visibility of listed Indian

securities towards international investors by facilitating the

admission of such securities on LuxSE.

During the ceremony held in India’s Gujarat International

Finance Tec (GIFT) city, the parties also announced the

admission on LuxSE of a green bond issued by the Indian

company Power Finance Corporation. The EUR 300 million

green bond, which was already listed on India INX, is now

also registered on LuxSE’s Securities Official List and

displayed on the Luxembourg Green Exchange (LGX),

LuxSE’s sustainable finance platform. This is the second

Indian green bond to be displayed on LGX, the first one

being a USD 650 million green bond from the State Bank of

India that was listed at LuxSE and displayed on LGX in

November 2020.

Ever since the emergence of sustainable finance, LuxSE has

been a driving force in bringing sustainable investment

opportunities to the market through LGX, the platform

recognised by the United Nations for its leading role in

advancing the sustainable finance agenda.

Today, LGX displays over 1,600 sustainable bonds from 260

issuers in 50 countries, raising a total of EUR 840 billion for

sustainable development across the world, and making it

the world’s leading platform for green, social, sustainability

and sustainability-linked (GSSS) bonds.

LuxSE and LGX - helping pave the way towards net zero

Arnaud Delestienne, Director of International Capital Markets, Member of the

Executive Committee

He is the Director of International Capital Markets and a member of the Executive

Committee of the Luxembourg Stock Exchange (LuxSE) where he leads the firm’s

overall commercial strategies and its international primary market activities.

Before joining LuxSE, Arnaud spent 23 years at Clearstream, where he honed his

expertise in network management and product development while holding

positions as Executive Vice-President and head of its Eurobonds business line.

Over the past two decades, he has experienced and contributed first-hand to the

transformation of the Eurobond issuance process with its implication for post-

trade activities. He was also appointed to various international trade

associations and industry working groups, including the International

Organisation for Standardisation (ISO), the Association of National Numbering

Agencies (ANNA) and the International Capital Market Association (ICMA).

Global

FORUM VIEWS - MARCH 2023

ust over a year ago very few of us could have imagined

the turn the global geopolitical environment would have

Jtaken over the course of 2022. Emerging from the

pandemic many of us had high hopes for a return to

geopolitical and macroeconomic normality. Unfortunately, this

was not to hold true - central banks efforts to keep economies

afloat during lockdowns naturally had consequences which

have now come to roost, most notably inflation. Additionally,

Russia’s invasion of Ukraine cast lives, geopolitical order, and

global energy and stock markets into disarray.

As we look forward, reigniting economic growth across the

world is critical. In this sense, we cannot allow the seeds of the

current crisis to grow into roots that run contrary to the trend of

globalisation that has uplifted so many and brought many

economies forward. India has already contributed significantly

to the global economy, bringing much needed growth to the

South-East Asian continent and the world. Furthermore, much

of the leading talent and innovation stems from the country.

Today we face two challenges, namely the fragmentation of a

geopolitical system from which globalisation has originated

and the transformation of our economies and society towards

climate neutrality. Both are having a significant effect on

financial services.

Despite the pressures that have emerged from both the

pandemic and geopolitical tensions, the global system of trade

and investment flows have, thus far, remained resilient. The

world’s largest markets have continued to collaborate to

ensure economic resilience and growth in many areas. This

news is heartening given the important role that global finance

plays - it is not only necessary, but also beneficial for all

countries. Much like the businesses they often finance,

financial services must be allowed to continue operating

across jurisdictions to live up to its full potential.

Insights

FINANCE MUST CONTINUE

TO GO GLOBAL TO BENEFIT ALL

Nicolas Mackel

Chief Executive Officer

Luxembourg for Finance

Globalised finance requires financial centres, such as Mumbai,

London, Dubai, New York, and Luxembourg. They play a crucial

role in bringing together various elements of financial services

to assist investors in channelling capital into projects and

companies, as well as helping firms in raising funds via the

capital markets. In the case of India and Luxembourg,

collaboration started many years ago, however there is

undoubtedly still room to grow as India is set to play a much

larger role in the global economy in the coming years.

As an investment structuring, and the world’s leading cross-

border investment funds hub, the Grand Duchy’s expertise

helps investors from across the world navigate cross-border

complexities via the structuring of international investments.

With funds distributed in 83 countries across the world it is an

ideal onshore EU hub to assist Indian investors in channelling

their money into projects and companies worldwide, as well

as directing global investors’ money into India. Additionally,

Luxembourg has, for many years, set a high standard for

Globalised finance requires financial

centres, such as Mumbai, London,

Dubai, New York, and Luxembourg.

They play a crucial role in bringing

together various elements of financial

services to assist investors in

channelling capital into projects and

companies, as well as helping firms in

raising funds via the capital markets. In

the case of India and Luxembourg,

collaboration started many years ago,

however there is undoubtedly still

room to grow as India is set to play a

much larger role in the global economy

in the coming years.

(Luxembourg)

FORUM VIEWS - MARCH 2023

regulatory transparency, financial and legal stability, as well as

openness to foreign institutions. It is therefore uniquely

positioned to act as a gateway to both the EU and abroad for

Indian investors.

Within the capital markets space, Luxembourg is well

positioned to help Indian firms active globally raise funds to

finance their activities internationally. The country brings

together various elements to create an ecosystem ideal for

these activities, from the necessary talent and institutions to

responsive regulators, tax authorities, and a sophisticated

legal framework.

These qualities also make the Grand Duchy an ideal location for

Indian financial services firms looking to establish a base

within the EU to serve the single market.

The global shift towards sustainability will only compound

Luxembourg’s appeal for international firms. As a leading

sustainable finance centre, the country is well set up to help

companies raise sustainable capital, via the Luxembourg

Green Exchange for example, and to help investors support

sustainable growth. Indian firms should leverage on the

already existing, and growing, expertise in Luxembourg to

propel their sustainability agenda forward.

Already, structures in Luxembourg help provide investments

not only into tech-savvy and innovative companies in India,

but also help to finance much needed ESG projects.

Increasingly, these projects go beyond the Environmental

factor and are also focusing on the Social aspect.

A strong financial system supports the entire economic value

chain, integrating players from across the world. This opens

up expertise that is often not available in local markets, and

facilitates foreign institutions’ access to developing markets,

helping to address significant capital shortages. With the

awareness and demand for sustainable investments and

With the awareness and demand

for sustainable investments and

financing growing, it will take the

engagement and interaction

between players located in all

four corners of the world to

ensure a green and global

financial system - one which

benefits everyone, from Mumbai

to Luxembourg and beyond.

financing growing, it will take the engagement and interaction

between players located in all four corners of the world to

ensure a green and global financial system - one which

benefits everyone, from Mumbai to Luxembourg and beyond.

Nicolas Mackel is CEO of Luxembourg for Finance, the Agency for the

Development of the Financial Centre, since July 2013.

He is a career diplomat. He has graduated with a law degree from the University

of Aix-en-Provence, and holds two post-graduate diplomas in European law from

the Sorbonne University, respectively the College of Europe in Bruges where he

then also served as a teaching assistant in the Law Department. He worked as a

legal clerk at the European Court of Justice before joining the Ministry of Foreign

Affairs in 1999. His assignments focused on the successive EU Treaty

negotiations (Amsterdam, Nice, Constitution, Lisbon).

He was consecutively posted at Luxembourg’s Permanent Representation to the

EU (2002-07), as Deputy Chief of Mission at Luxembourg’s Embassy in

Washington DC (2007-11) and as Consul General in Shanghai (2011-13) where

he was in charge of promoting Luxembourg’s economic interests throughout

China as the Executive Director of the Luxembourg Trade and Investment Office.

Global

10

FORUM VIEWS - MARCH 2023

s a trader or investor, it is essential to develop a

process. Using the same checklist or rules by which

Ayou determine position entry and exit creates a

repeatable discipline for trading that helps avoid behavioral

pitfalls. Technical Analysis provides a broad toolkit of

indicators that, when used in combination, give the trader a

weight of the evidence perspective that can be used across

timeframes and in any market regime. While the composite

blend of information is powerful, the complexity of a price

chart can lead to Analysis Paralysis.

As a metaphor for portfolio management, imagine you are a

young person learning to drive. Safety (risk management) and

efficiency (profitability) require that you master many different

functions of the vehicle and be able to interpret in real time the

many challenges that await you on the roadways (markets).

Driving can be fun, but involves inherent risk, and the many

functions of the car can be overwhelming. As a young adult

you learn that every single time you get into your vehicle it is

not only sensible but potentially lifesaving to follow a "new

driver checklist". It could look like this:

• Adjust the seat and steering wheel positions to reach gas,

brake, clutch

Developing a Process

• Fasten seat belt

• Adjust mirrors and check for obstacles at the rear and

sides of the vehicle

• Check all lights are functional

• Engage brake when starting engine

• Signal before driving off

And, while driving there is a myriad of information to process

and react to in real-time, speed, distance from other cars,

navigation, fuel levels, gear shifting, etc…

The disciplined approach to driving makes one a more

responsible and importantly, a safer driver. We all have a

checklist to follow even though it may be largely subconscious

for experienced drivers.

Insights

AVOIDING ANALYSIS PARALYSIS

Tyler Wood, CMT

Managing Director

CMT Association

The same approach applies to using technical analysis for

investing in markets. A disciplined process that applies the

same checklist to every trade ensures we don’t make irrational

decisions based on our own fear or greed. A diversified blend

of technical indicators adds probabilistic rigor to identifying

trends and their reversals. As investors, we seek to participate

in the majority of a security’s price move while avoiding the

hazards of the financial markets. We seek an intelligent

framework in which to invest; one where we can make fast,

effective decisions based on objective information. A

technical analysis checklist might include the use of:

• Trend lines

• Moving averages

• Momentum analysis

• Volume analysis

• Price patterns

• Dow Theory

Sophisticated traders and portfolio managers develop their

individual technical checklist over time. They have faith in their

As a trader or investor, it is essential to

develop a process. Using the same

checklist or rules by which you

determine position entry and exit

creates a repeatable discipline for

trading that helps avoid behavioral

pitfalls. Technical Analysis provides a

broad toolkit of indicators that, when

used in combination, give the trader a

weight of the evidence perspective

that can be used across timeframes

and in any market regime.

(New York, United States)

“We are what we repeatedly do”

- Aristotle.

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