A Beginner's Guide to Forex Trading in
Forex trading is the conversion of one currency into another for profit. It carries around
trillion worth of transactions every day.
Exposure to a
large & global market
Low transaction charges.
Who Regulates It?
The Forex market is regulated by both
SEBI & RBI
Who Can Trade?
Governments & central banks
Retail forex traders
Currencies Traded in India
Indian Rupee (INR)
US Dollar (USD)
Japanese Yen (JPY)
Great Britain Pound(GBP)
It means buying & selling two 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
Interest Rate Risk Transaction Risk Country Risk Leverage Risk
Earn 9 - 11%
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