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Welcome to Forex Trading in India
The Foreign Exchange Market also known as Forex or Fx or Currency market is the Largest and the most active Market in the World. Largest because of the volume (More than 2 Trillion Dollars per day!) and active because it's a 24 hours market. Most of the trading takes place through Electronic Broking System also called as 'Robot' At any given time, in some part of the world, foreign exchange is traded.
Few years ago foreign exchange trading was limited to banks and other Large Financial Institutions. In this electronic age, any individual can do online trading with the help of computer and Internet. Almost all Banks, Hedge funds, Pensions funds, Mutual funds are involved in foreign exchange trading. Money can be made whether a currency is gaining in value or loosing it's value.
Indian goverment allowed trading in Rupee Futures 2 years ago. Now one can trade in USD / INR , EURO / INR , JPY / INR and GBP / INR One does not require permission from RBI (Reserve Bank of India) to trade in Rupee futures. One can open a forex trading account with any SEBI regulated Forex Broker and start trading in forex. However there are hardly any forex advisors and fund managers in India who have good experience. It is good to take a training in International forex trading and then get in to Indian Rupee trading. CEO of Forexveda India Limited who is perhaps the most expereinced forex trader in India conducts online training in Forex Trading. One can also get more details about forex trading by reading the book 'Rich Richer Richest with Online Currency Trading' written by Kiran Kumar.
Risk Warning
Forex Trading is considered as High Risk / High Reward Business. The investments in the forex Trading is exposed to high risks and should be traded only with Risk Capital. There is no system which can guarantee profits in forex trading.