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FXNX Journal · Author

Raj Krishnamurthy

Raj Krishnamurthy serves as Head of Market Research at FXNX, bringing over 12 years of trading floor experience across Mumbai and Singapore. He has worked at some of Asia's most prestigious investment banks and specializes in Asian currency markets, carry trade strategies, and central bank policy analysis. Raj holds a degree in Economics from the Indian Institute of Technology (IIT) Delhi and a CFA charter. His articles are valued for their deep institutional insight and forward-looking market analysis.

About the author
Raj Krishnamurthy

Raj Krishnamurthy

head-research

Raj Krishnamurthy serves as Head of Market Research at FXNX, bringing over 12 years of trading floor experience across Mumbai and Singapore. He has worked at some of Asia's most prestigious investment banks and specializes in Asian currency markets, carry trade strategies, and central bank policy analysis. Raj holds a degree in Economics from the Indian Institute of Technology (IIT) Delhi and a CFA charter. His articles are valued for their deep institutional insight and forward-looking market analysis.

30 articles published

The desk behind the words

Written by people who trade the same conditions you do.

0.0
Raw spread
pips
1:500
Leverage
150+
Instruments
30
NX AI tools included
By this author

Articles

Forex South Africa: FSCA, ZAR & Trading Guide 2026
Market Analysis

Forex South Africa: FSCA, ZAR & Trading Guide 2026

This comprehensive guide cuts through the noise, empowering you with the insights and actionable steps needed to confidently trade the ZAR in 2026 and beyond, transforming local challenges into your next big opportunity.

Raj Krishnamurthy· 19 min
Vietnam Forex 2026: SBV, VND & Trader's Guide
Market Analysis

Vietnam Forex 2026: SBV, VND & Trader's Guide

Vietnam's economy is booming, but trading its currency, the Dong (VND), is complex. This guide breaks down the State Bank of Vietnam's control, capital restrictions, and how intermediate traders can gain exposure safely.

Raj Krishnamurthy· 17 min
Ichimoku + MACD: Confluence for Confident FX Trades
Trading Strategies

Ichimoku + MACD: Confluence for Confident FX Trades

Stop chasing false signals. This guide details a powerful confluence strategy combining Ichimoku's trend insights with MACD's momentum signals for higher-probability forex trades.

Raj Krishnamurthy· 16 min
Best Prop Firms 2026: Brutal Honest Comparison 🥊
Platform & Tools

Best Prop Firms 2026: Brutal Honest Comparison 🥊

The prop firm landscape is a minefield. This brutally honest comparison for 2026 dissects the hidden rules, drawdown traps, and evolving regulations to help you choose a partner for long-term success.

Raj Krishnamurthy· 18 min
5-Min Gold Scalping: Order Block Precision
Trading Strategies

5-Min Gold Scalping: Order Block Precision

Ditch the guesswork in Gold scalping. This guide reveals how to use order blocks on the 5-minute chart to identify high-probability setups, align with institutional traders, and navigate XAUUSD's volatility with confidence.

Raj Krishnamurthy· 16 min
ICT MMSM Decoded: Unmasking Market Maker Sell Traps
Trading Strategies

ICT MMSM Decoded: Unmasking Market Maker Sell Traps

Unmask the institutional playbook behind frustrating stop hunts. This guide decodes the ICT Market Maker Sell Model (MMSM), teaching you to spot liquidity grabs, identify high-probability entries, and trade alongside the smart money.

Raj Krishnamurthy· 16 min
London Sweep: Profit from Asian Range Liquidity
Trading Strategies

London Sweep: Profit from Asian Range Liquidity

Tired of getting stopped out at the London open? This guide unmasks the London Sweep, a powerful pattern where institutions hunt liquidity from the Asian session before the real move. Learn to identify, confirm, and trade it.

Raj Krishnamurthy· 16 min
Gold Trading Prop Firms 2026: XAU/USD Success
Platform & Tools

Gold Trading Prop Firms 2026: XAU/USD Success

Gold trading with prop firms offers huge potential but comes with unique risks. This guide provides a future-proof framework for intermediate traders to master XAU/USD, choose the best firms, and achieve sustainable profitability by 2026.

Raj Krishnamurthy· 16 min
Master Gold's 90-Min Profit Windows with ICT Killzones
Trading Strategies

Master Gold's 90-Min Profit Windows with ICT Killzones

Tired of Gold's unpredictable moves? This guide unveils the ICT Killzone strategy, showing you how to pinpoint 90-minute windows where institutional players reveal their hand, creating high-probability setups.

Raj Krishnamurthy· 17 min
HVN/LVN Bounce: A Volume Profile Reversal Strategy
Trading Strategies

HVN/LVN Bounce: A Volume Profile Reversal Strategy

Tired of arbitrary support and resistance? The HVN/LVN Bounce strategy uses Volume Profile to reveal where smart money has committed, helping you pinpoint high-probability reversal zones with precision.

Raj Krishnamurthy· 17 min
Footprint Reversals: Spotting Order Flow
Trading Strategies

Footprint Reversals: Spotting Order Flow

Tired of surprise reversals? This guide unlocks the Footprint Reversal Strategy. Learn to read real-time order flow imbalances, spot institutional exhaustion and absorption, and pinpoint high-probability turning points before they happen.

Raj Krishnamurthy· 15 min
10 AM Power Hour: FX Reversal Strategy
Trading Strategies

10 AM Power Hour: FX Reversal Strategy

Unlock the secrets of the 10 AM Power Hour. This guide reveals a high-probability reversal strategy for the London-NY forex overlap, teaching you how to anticipate institutional profit-taking and new order flow for powerful entry opportunities.

Raj Krishnamurthy· 16 min
Trade the NY Lunch Reversal: A 12-1 PM Edge
Trading Strategies

Trade the NY Lunch Reversal: A 12-1 PM Edge

Ever notice the market shift around midday? That's the NY Lunch Reversal. This guide teaches intermediate traders how to exploit this predictable dip in institutional activity for short-term gains.

Raj Krishnamurthy· 17 min
Centaur Setup: AI Confirms Your Forex Trades
Trading Strategies

Centaur Setup: AI Confirms Your Forex Trades

Doubting your manual trade setups? The Centaur Setup blends your intuition with AI's analytical power. Learn how to use AI as a co-pilot to confirm entries, reduce emotional bias, and trade with more confidence.

Raj Krishnamurthy· 16 min
Prop Firm Payout Proof: Verify Before You Trade
Risk Management

Prop Firm Payout Proof: Verify Before You Trade

Passed a prop firm challenge but worried about getting paid? This guide cuts through the noise of fake testimonials and screenshots. Learn a step-by-step framework to verify prop firm payout proof and protect your profits.

Raj Krishnamurthy· 16 min
GBP/USD Scalping: London Open Liquidity Grabs
Trading Strategies

GBP/USD Scalping: London Open Liquidity Grabs

Ever felt the market was playing tricks on you, spiking just past your stop loss before reversing? That's 'smart money' hunting liquidity. This guide shows you how to systematically identify and profit from these moments on GBP/USD during the London Open.

Raj Krishnamurthy· 16 min
Kill FOMO: Your Trading Checklist
Trading Psychology

Kill FOMO: Your Trading Checklist

Stop letting the Fear Of Missing Out derail your strategy. This guide shows you how to build a powerful, personalized trading checklist to enforce discipline, integrate your ICT knowledge, and turn impulsive reactions into profitable actions.

Raj Krishnamurthy· 14 min
ICT Rebalance: The Forgotten Setup That Prints
Trading Strategies

ICT Rebalance: The Forgotten Setup That Prints

Tired of complex indicators? Uncover the ICT Rebalance, a powerful setup rooted in institutional price imbalances. This guide teaches you to spot and trade Fair Value Gaps (FVGs) for consistent results.

Raj Krishnamurthy· 15 min
Trade XTIUSD: A Guide to Crude Oil CFDs on MT5
Market Analysis

Trade XTIUSD: A Guide to Crude Oil CFDs on MT5

Ready to trade crude oil? This guide demystifies XTIUSD CFDs on MT5, covering everything from global market drivers and contract specs to advanced risk management for taming oil's notorious volatility.

Raj Krishnamurthy· 16 min
Unlock Forex Value: AMT & POC Trading Secrets
Trading Strategies

Unlock Forex Value: AMT & POC Trading Secrets

Tired of guessing price direction? This guide demystifies Auction Market Theory for forex traders. Discover how to use Value Area (VA) and Point of Control (POC) to understand market sentiment, identify key levels, and find higher-probability entries.

Raj Krishnamurthy· 16 min
XAUUSD 5-Min Scalping Strategy for Prop Firms
Trading Strategies

XAUUSD 5-Min Scalping Strategy for Prop Firms

Tired of Gold's volatility wrecking your prop firm challenge? This guide delivers a complete 5-minute XAUUSD scalping strategy with precise entry, exit, and risk management rules designed to turn quick moves into consistent profits.

Raj Krishnamurthy· 14 min
XAUUSD Order Blocks: A Gold Trading ICT Guide
Trading Strategies

XAUUSD Order Blocks: A Gold Trading ICT Guide

Tired of gold's volatility? Master ICT Order Blocks to decode institutional footprints on XAUUSD charts. This guide provides a step-by-step framework for identifying high-value setups.

Raj Krishnamurthy· 18 min
FTMO vs The5ers 2026: Which is Your Best Fit?
Platform & Tools

FTMO vs The5ers 2026: Which is Your Best Fit?

For intermediate traders, the choice between FTMO and The5ers isn't just about rules; it's about finding a strategic partner for 2026. We cut through the noise to help you find the optimal environment for your trading style and long-term success.

Raj Krishnamurthy· 16 min
1-Hour Swing Trading: A Simple Setup
Trading Strategies

1-Hour Swing Trading: A Simple Setup

Tired of day trading stress but want faster results than daily charts? This guide unveils a powerful 1-hour swing trading strategy with a 'set-and-forget' approach, perfect for intermediate traders.

Raj Krishnamurthy· 16 min
Mastering Back-to-Breakeven: When to Move Your Stop
Risk Management

Mastering Back-to-Breakeven: When to Move Your Stop

Moving your stop to breakeven can eliminate risk, but timing is everything. This guide teaches intermediate traders when to make the move, how to avoid common blunders, and how to integrate this powerful technique into a complete trade management plan.

Raj Krishnamurthy· 15 min
Ghana Forex: Regulations & Safe Trading Guide
Education & Basics

Ghana Forex: Regulations & Safe Trading Guide

Unsure about forex trading regulations in Ghana? This guide clarifies the roles of the Bank of Ghana and SEC, explains the legal 'grey area', and shows you how to choose a safe offshore broker.

Raj Krishnamurthy· 16 min
Copy Trading Platforms 2026: A Future-Proof Guide
Platform & Tools

Copy Trading Platforms 2026: A Future-Proof Guide

As 2026 approaches, copy trading is evolving. This guide reveals how to navigate AI-driven analytics, new regulations, and advanced risk tools to future-proof your copy trading portfolio and achieve sustainable success.

Raj Krishnamurthy· 15 min
Zero Spread Forex: Unmasking the True Cost
Platform & Tools

Zero Spread Forex: Unmasking the True Cost

The promise of '0.0 spread' forex trading is alluring, but it's rarely free. This guide unmasks the true cost, revealing how brokers profit through commissions and execution models. We'll give you a simple formula to calculate your actual trading fees and show you the critical red flags to avoid, so you can trade smarter, not just 'cheaper'.

Raj Krishnamurthy· 14 min
Tariffs & Forex 2026: Trade-War-Proof Your Portfolio
Trading Strategies

Tariffs & Forex 2026: Trade-War-Proof Your Portfolio

With global trade tensions simmering, is your forex portfolio ready for 2026? This guide moves beyond speculation to give you actionable strategies for diversification, hedging, and risk management to protect and grow your capital amidst tariff-induced volatility.

Raj Krishnamurthy· 16 min
MT5 Expert Advisors: Best EAs for 2026
Platform & Tools

MT5 Expert Advisors: Best EAs for 2026

Discover how to identify, evaluate, and optimize MT5 Expert Advisors that can thrive in the evolving forex landscape of 2026. This guide moves beyond basic backtests to help you build an intelligent, automated trading future.

Raj Krishnamurthy· 16 min
Coverage

What this desk writes about.

Broker-first reporting. Real conditions, real tools, no hype.

FXNX AI Agents

How traders build agents in plain English — informer alerts and permissioned execution on MT5, with the full reasoning at every step.

Markets & macro

Sessions, levels, and the macro context behind the moves across 150+ instruments.

Gold & metals

XAU/USD flow, vault mechanics, and how metals trade through the broker.

Risk & psychology

Position sizing, loss caps, and the discipline that survives drawdowns.

NX Copy & marketplace

Following agents and strategists, and how the top of the marketplace earns funded slots.

Platform & execution

MT5, NX Terminal, and what 0.0-pip raw spreads actually feel like in a live ticket.

Editorial standard

How the desk publishes.

Every article clears the same bar before it goes live.

01

Trade it first

Nothing gets written about a setup the desk hasn't actually traded on a live or demo account.

02

Pressure-test the claim

Numbers are checked against real FXNX conditions — spreads, leverage, and execution — never invented.

03

Review on the desk

A second trader reviews the logic and the risk framing before sign-off.

04

Publish with the disclaimer

Educational, never advice. Risk is stated up front, not buried in a footer.

From journal to platform

Read it here. Build it in the dashboard.

What the desk writes about is what you can ship — describe a rule in plain English and FXNX builds an agent that follows it.

Plain-English agents

"Alert me when gold breaks the daily high." The builder turns that sentence into a rule-following agent.

Informer alerts

Read-only agents ping you on Telegram or in-app the moment your rules fire — with the reasoning.

Permissioned execution

Trader agents place and manage trades inside your limits on MT5. You stay in control.

Plain-English agentsgold > $2,000
Informer alerts1H close confirmed
Permissioned executionAlert via Telegram + suggest
Why readers trust it

Clear, honest, and from people who actually trade.

A broker blog that explains the move instead of selling a signal. No predictions, no hype — just the reasoning.
ReaderSwing trader, UAE
Verified reader
The risk framing is the part I keep coming back to. They state the downside before the upside, every time.
ReaderDay trader, KSA
Verified reader
Reading about an agent here, then building the same thing in the dashboard ten minutes later — that loop is the whole point.
ReaderAlgo trader, Egypt
Verified reader
About the Journal

Good to know.

No. The FXNX Journal is educational. Nothing here is a recommendation to trade. Trading carries risk and you can lose more than you intend.
When there's something worth saying. We don't pad a content calendar — an article ships when a setup, tool, or market shift earns it.
Yes. This page collects every article from this contributor. Bookmark it, or open the full FXNX Journal for everyone on the desk.
Yes. Any numbers map to live broker conditions — 0.0-pip raw spreads, 1:500 leverage, 150+ instruments — under our MISA license BFX2025082.
Trade with FXNX

Read the desk. Then trade the conditions.

MISA-regulated. Raw spreads from 0.0 pips, 1:500 leverage, 150+ instruments, and FXNX AI Agents included with every account.

CFDs carry risk. Capital at risk. MISA regulated. 18+ · MISA License BFX2025082 · Saint Lucia 2025-00128