A Beginner's Guide to Forex Trading in
India
Forex Trading
Forex trading is the conversion of one currency into another for profit. It carries around
$6.6
trillion worth of transactions every day.
Features
Exposure to a
large & global market
.
Low transaction charges.
Highly liquid
Who Regulates It?
The Forex market is regulated by both
SEBI & RBI
.
Who Can Trade?
Governments & central banks
Commercial banks
Companies
Brokerage firms
Hedge funds
Retail forex traders
Speculators
Currencies Traded in India
Indian Rupee (INR)
US Dollar (USD)
Euro (EUR)
Japanese Yen (JPY)
Great Britain Pound(GBP)
Currency Pairs
It means buying & selling two currencies.
Permitted currencies
are USD/INR, EUR/INR, JPY/INR, GBP/INR, EUR/USD, GBP/USD, & USD/JPY.
Base Currency & Quote Currency
The first listed currency of a currency pair is called the base currency, & the second currency is called the quote currency.
Where do Currency Trades Occur?
In India, currency trading occurs through the derivatives segment. Currency F&O is traded on exchanges like the
NSE, BSE, & the MCX-SX
.
How to Trade?
Open a Currency Trading Account
Submit KYC Documents
Choose a Currency Pair
Read the Quote
Pick a Position
Risks Involve
d
Interest Rate Risk Transaction Risk Country Risk Leverage Risk
Learn more
Sign Up
Earn 9 - 11%
Fixed Returns
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