Forex trading in india 2919

​ What is Forex Trading? - The Economic Times

 

forex trading in india 2919

Jun 25,  · The Basics Of Currency Trading. The currency market, or forex (FX), is the largest investment market in the world, and continues to grow annually. On April , the forex market reached $4 trillion in daily average turnover, an increase of 20% since In comparison, there is only $25 billion of daily volume on the New York Stock Exchange (NYSE). In India, forex trading is legal only when it is done through registered Indian brokers. The National Stock Exchange (NSE) and Metropolitan Stock Exchange of India (MSE) are most commonly used stock exchanges in India. The Reserve Bank of India and Securities Exchange Board of India regulate the forex trading in India. Forex trading is one of the very new investment concepts in India that was popularized by several brokers promising massive returns with minimal investments. An increasing number of broker scams and financial malpractices, along with the risky nature of Forex trading, has forced the Indian Government to put severe restrictions on the way Indian citizens are allowed to trade in the Forex markets.


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Forex trading in simple terms is the trading in currencies from different countries against each other; for example the US Dollar against the Euro. Updated: Aug 19, The colors, the pictures, the name and sign of the currency — it would transport me to a different world — a place where I saw myself traveling to different countries around the world.

As I grew, I did travel to many different countries and my collection of coins and bank notes of different currencies kept growing. This interest in collecting different currencies soon developed into studying the connection between one currency with another and very soon into the world of trading foreign currency or FOREX as it is called.

My interest led me to www. Last week, as I was sorting through my collection of coins; my daughter forex trading in india 2919 me to explain to her what Forex Trading was all about. I have absolutely no idea about this but would like to know and understand why it fascinates you so much. What is Forex Trading? Anyone who deals with a foreign country — be it a holiday there, or wanting to purchase something from forex trading in india 2919 country or pay for a service, generally requires the currency of that country to do so.

Of course, I could pay in US Dollars too, as it is accepted almost everywhere, but that is a different story. One of the most fascinating things about this market — there is no brick and mortar marketplace for Forex trading. Every transaction is done electronically over-the-counter. Unlike the stock exchange, the Forex market remains open round the clock with currencies traded across every time zone, five days every week. I selected one from ForexSQ and have been trading since then.

However, Forex trading is different from exchanging money at the Foreign Exchange outlets. There is much more to Forex trading than just exchanging one currency for another. The two currencies that have the highest trading volume on the Forex market are the US Dollar and the Euro — but, other currencies are traded as well.

Unlike the stock market or the futures market, where my broker offers me a leverage of and respectively, my Forex trading broker offers leverages of ; and even depending on the size of my trade. Now, a leverage of sounds risky — what if I made a loss? The price of any currency is always versus anther currency — for example the US Dollar versus the Euro. So buying and selling a currency pair is based on whether you think the base currency will appreciate or depreciate against the counter currency.

One interesting aspect — forex trading in india 2919 will find most currency pairs quoted to 5 decimal points. Now, obviously, you do not deal in such small denominations when using money to buy something, forex trading in india 2919. That roughly covers the basics of Forex terms that are used in the market.

Actually, there are three ways in which individuals, corporate and institutions trade Forex — the spot market, the forwards market and the futures market. The spot market witnesses the largest quantum of trades — that is because both the futures and forward markets are based on the underlying real asset i. However, this was not always the case, forex trading in india 2919. The futures market was more favored in the past because it was available for a longer period of time for individual investors.

But, forex trading in india 2919, now with electronic trading, the spot market surpasses all others. However, companies and institutions prefer the futures and forward markets more than individual investors, as they need to hedge their foreign exchange risks.

Oh, sorry, forex trading in india 2919, I need to tell you the difference between spot, forward and future trades. The spot market is where I buy or sell currencies according to the current price — which is determined by the demand and supply for that particular currency.

The biggest difference between the spot and the forward and futures trade is that while the spot trade deals in actual currencies, the future and forwards trade do not. The futures contracts have specific details, such as, settlement and delivery dates, number of units, minimum price increments etc. These are traded on public commodities markets with the exchange acting as a counterpart to the trader, i.

Actually, when you asked me to tell you about Forex, I was going to suggest that you go through the site yourself.

Not only does the site contain basic information for those who have absolutely no idea or knowledge about Forex and Forex trading, it also features detailed information on Forex trading, knowledge and information based articles, news from the Forex, Equity and Commodity markets, information and links to brokers, analysis of the various markets forex trading in india 2919 financial news from around the world.

After spending a few weeks reading all I could about Forex trading, I signed up with a broker from their list and opened a Demo trading account. This actually helped me a lot, allowing me to practice Forex trading without any risk.

Once I was confident that I could manage a few small trades without risking too much, I opted for a live mini account with the same broker. The process itself is rather simple and everything is online. I deposited some money into the account and started trading — and have been doing so ever since. Oh, they also have a list of the top Forex managed account service companies that lets you to invest forex trading in india 2919 the Forex market — even if you have absolutely no knowledge about Forex.

Forex trading in india 2919 you need to do is put up a small amount of margin money in your account and the broker takes care of all the trading and managing of the account for you, forex trading in india 2919.

I opened two accounts — one where I am trading on my own with the mini account and one where the broker trades and manages the mini account — sort of like spreading my risk. In a nut shell, this is one complete site for learning and trading — and I too have been recommending it to those who ask me. My daughter looked at me for a few seconds and walked away, leaving me wondering as to what happened here.

I saved this over the last one year from my pocket money, forex trading in india 2919. And I did make her some profits from the first trade that I did yesterday. Like father, like daughter — she too has started collecting currency — except that her collection is for spending.

 

The Basics Of Currency Trading

 

forex trading in india 2919

 

Jun 25,  · The Basics Of Currency Trading. The currency market, or forex (FX), is the largest investment market in the world, and continues to grow annually. On April , the forex market reached $4 trillion in daily average turnover, an increase of 20% since In comparison, there is only $25 billion of daily volume on the New York Stock Exchange (NYSE). Fundamentals Of Forex/Currency Trading: Beginners/Simple Guide to Forex/Currency Trading in India, Currency trading basics, Forex Basics - Forex Trading Basics, latest currency prices, indian. In India, forex trading is legal only when it is done through registered Indian brokers. The National Stock Exchange (NSE) and Metropolitan Stock Exchange of India (MSE) are most commonly used stock exchanges in India. The Reserve Bank of India and Securities Exchange Board of India regulate the forex trading in India.