AfrAsia Bank continues to sharpen its Forex Trading expertise with two more employees, Aassan Deedarun, Senior Trader - Forex and Derivatives and Arveeseck Sharma Seewoolall, Senior Credit Analyst, being awarded the “Certified Elliott Wave Analyst” (CEWA) designation from Elliott Wave International, one of the largest market-forecasting firms in the world. Commenting on this success, Jen Ramanah, Head of Treasury at AfrAsia Bank, said “With the dynamic volatility in the FX market, we strive to remain at the forefront of our technical excellence. We are proud to form part of the 50 certified analysts worldwide whereby 3 out of 4 are from our Bank. This certification assists us in consolidating our in-house FX Trading Academy with unique competences such that we are better equipped to provide the best Forex management and Forex services to our niche clientele in Mauritius and the region.”
The Elliott Wave Principle is a technical analysis tool used by traders worldwide to analyse market cycles and forecast market trends, by looking at different pattern formations. Considering the psychological aspect of traders’ behaviour in this rapidly changing environment, this tool is a real game-changer in better understanding the formulation of a more accurate expected loss on any trade resulting in a competent and resourceful risk management device to more efficiently manage Forex trading. “This certification not only enables us to provide better relevant and pertinent forex updates to our clients but also be used as a hedging tool against fluctuations of global financial markets,” explained Aassan.
The Bank continues to promote cross-breeding talent enabling staff to acquire skills beyond their current job function to later reinforce its in-house technical expertise. “Over the years, I started developing a passion for forex, commodity and stock trading. Despite, not holding any treasury background and being in the Credit arena, the Elliott Wave Principle piqued my interest even more and I decided to live my passion and master this certification. That required a lot of sacrifices but I was determined to become a fully-fledged Elliotician and grasp the concepts at my fingertips,” commented Arveeseck.
Elliot Wave international offers timely analysis of every major world market (stocks, currencies, bonds, energy, metals, commodities), 24 hours a day on ElliottWave.com and proprietary web systems like Bloomberg. Their subscriber base includes the world's major banks, money managers, hedge funds, insurance companies and pension funds as well as tens of thousands of individual investors. Since Elliott Wave International is not affiliated with any brokers, money managers or other institutions and collects no brokerage or money management fees, this independence allows the firm to remain dedicated to unbiased market analysis.