Currency
The currency market is the largest and most liquid financial
market in the world. You can trade in currencies listed or authorized by your
exchange to trade.
Advantages of Currency Trading in India
Easy Accessible to small traders, the minimum size of the
GBPINR futures contract is GBP 1,000. Similarly, EURINR's future contract is
EURO 1000, USDINR future contract is USD 1000 and JPYINR's future contract is
YEN 1,00,000. These are well within the reach of most small traders. As the
Losses or profits in the futures contracts market are also paid or collected on
a daily basis, so the scope of accumulation of losses for investors gets
limited. In India, Trading is done in the four 4 currency mainly That's
are
USDINR - Dollar & Rupee
EURINR - EURO & Rupee
GBPINR - British pond & Rupee
JPYINR - Yen & Rupee
Benefits of Currency Trading
Low Cost
Higher Leverage in the Lower margin
Direct interaction between traders on the exchange platform
Opportunity to Hedge foreign currency exposure risk
No Middlemen
Low Brokerage, Lower taxation ( No need to pay Securities
Transaction Tax)
Currency Trading has minimum insider trading risk due to the
large size of the CURRENCY market and its decentralized nature
Safer rather than other investments.
In India both the RBI & SEBI govern it.
Currency Futures are cash-settled thus providing convenience
to the traders.
