Myforexeye provides Transaction Forex Risk Advisory service under the name Dr. Forex. Myforexeye is the pioneer to introduce Transaction Forex Risk Advisory on its mobile application, a forex risk mitigating process for a specific forex transaction. In a nutshell, it is forex risk management for a particular forex transaction. The user can input his requirement on the Myforexeye mobile application and a research report will be generated within 2 hours. The research report is based on fundamental analysis as well as technical analysis and will generate specific hedge recommendations to manage forex risk.

Myforexeye educates corporates to manage their forex risk knowledge sharing is a key component. The primary objective is to manage risk rather than speculate on forex. The forex advisory services are focused on protecting business budgets rather than targeting market peaks and bottoms. Forex consultants usually take semi-annual/annual fee to manage forex risk whereas Myforexeye provides Transaction Forex Risk Advisory where the user can avail this service as and when needed without having to pay retainer/consultant charges for a longer duration

Myforexeye offers customized forex research reports in response to specific queries on forex risk management/market views. These reports are followed up with an explanatory phone call or Skype call. These are charged at Rs. 5000 per report.

All the paid users of Myforexeye reports will have an explanatory discussion with the Research Analyst. The analyst will describe the report in detail and will also answer all the queries related to hedge/trading requirements. Such discussions are usually done through a Skype call or a Phone call.

Forex rate volatility is uncertain and can get extremely volatile at times. Unhedged or open positions are bound to give jitters and nightmares. There are established best industry practices on forex risk management, and such systems and processes can be used to hedge forex risk and avoid nightmarish forex volatility.

It is the analysis of economic fundamentals of a nation/currency/commodity/stock comprising of economic and socio-political factors. Such a study analyses the fundamental or primary health of the nation/currency/commodity/stock. Myforexeye undertakes extensive research of economic data releases for forecasting future currency volatility.

It is the analysis of the historical price charts of a currency/stock/commodity. The historical prices form certain established patterns and formations that have immense forecasting value. Myforexeye does extensive research on historical technical patterns with over 30 indicators to gauge currency movements likely to happen in the future.

Myforexeye tracks and advises on the following currency pairs:

USD/INR, EUR/USD, EUR/INR, GBP/USD, GBP/INR, USD/JPY, JPY/INR, USD/CHF, CHF/INR

Myforexeye also does research on Asian currencies like USD/CNY, USD/THB, USD/SGD, USD/MYR, USD/KRW, etc.

Myforexeye can do research on other currencies as well depending upon the forex requirements of the client.

Yes. The Management team at Myforexeye has an extensive experience in formulating corporate forex risk management policies. As such, Myforexeye assists companies to build Forex Risk Management Policies incorporating globally established industry best practices.

Myforexeye uses the following ideas:
1. Fundamental Analysis
2. Technical Analysis
3. Hedge whenever market rates are better than business budgets, completely respecting the set benchmarks. This also ensures that the corporate objective remains as forex risk management rather than indulging in forex speculative gains.

Small clients Rate Check, Transaction Process Outsourcing (TPO), Transaction Forex Risk Advisory (TFRA)

Medium clients Rate Check, TPO, Need-based Forex Risk Advisory

Large clients TPO, Portfolio Management Services, Forex Risk Management Policy Framework

Myforexeye helps exporters/importers in devising data formats/management information systems for quick and effective forex decision making and hedge selections. Myforexeye incorporates the industry best practices in devising such data formats/information systems

Currency risk management is a complex science which needs a focused and dedicated approach. A professional advisor can manage this risk better. Currency rates are extremely volatile and slightest of miscalculations can lead to nightmarish situations.

USDINR is stable at times but can get enormously volatile and unpredictable on some occasions. From 64.70 to 68.80 in 4 months (October 2015 to February 2016) and from 68.30 to 64.30 in 3 months (January 2017 to April 2017) are adequate evidences to demonstrate its volatility. A forex advisor is needed to manage the forex risk using appropriate risk hedging instruments.

Any exporter or importer or individual who is exposed to forex risk can avail the TFRA service offered by Myforexeye. Any trader in forex markets can also take assistance from Myforexeye for trade initiations as well as trade exits.

For managing forex risk, Myforexeye never predicts forex movements.