Trading in foreign currency is known as Forex Trading. You might have noticed that the value of the dollar is going up every day. Dollar exchange rate was Rs.
Investors willing to take advantage of this appreciation in short and medium term can participate in currency trading. As per RBI guideline, all Indian resident including banks and financial institutions can do forex trading in currency pairs. So, if you are trading with brokers who have membership in mention exchange it is absolutely legal. Forex Trading is same as that of equity trading. In equity trading rate of share matters while in forex trading exchange rate matters.
You can buy or sell currency pair as per your expectation of movement in currencies. Please refer to the example given below for better understanding. Forex Trading can be done with register Indian brokers. Best Brokers offering Forex Trading services in India are —. Trading in forex carries a high level of risk and it may not suits everyone.
Before deciding to do forex you should consider your investment objectives, risk carrying capacity and level of experience.
If you have any queries related to Forex trading it is advisable to take advice from an independent financial advisor. Hi, I am Raviraj. I am passionate about money matters and finance. If you like my efforts kindly subscribe to this blog and also let your friends know about this website by sharing. Enter your email address to subscribe to this blog and receive notifications of new posts by email.
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