Forex is a currency exchange market. It is the most affordable yet rewarding segment of the financial market trading. Millions of traders throughout the globe benefit from the highest liquidity and trading volumes in the world. Forex has been one of the World's most revolutionary and innovative financial markets so far.
Daily turnover of conversion transactions in the world is estimated at over $ 4.5 trillion. Most of the transactions are speculative transactions with intention to derive profit from jobbing on the exchange rate differences. Jobbing attracts numerous participants, both financial institutions and individual investors.
With the highest rates of information technologies and communications in the past two decades, the market itself has changed beyond recognition. An important feature of the Forex market, however strange it may seem is its stability. Everyone knows that one of the properties of the stock market - its sudden falls, which has been proved very clearly during the recent crisis. Unlike the stock market, Forex is not falling. If the shares become worthless - it's a catastrophe for the both - issuer and investors. If one currency collapses, it only means that another one gets stronger. Initial cost of getting into the business is extremely low. One needs to undergo a Basic training, to open an account with us, make a deposit and start earning
Money. You will never ever be able to start up any other business with such money.
Forex Market trading In India:
India has a rather strict foreign currency exchange policy. It's still an economically highly protected country. Indian currency - rupee, is highly regulated by the national banking authority - Reserve Bank of India, and so Indian citizens still cannot freely exchange rupee to other currencies, they have to prove their need and there are annual limits for different needs, residents can only receive money, but not send.
However, because of the globalization there is a definite need to open the economy, so Reserve Bank of India has been soften rules and regulations, and has finally allowed currency futures trading on NSE India.
Forex Trading is now available in India since 29th August 2008. It is now the 16th largest Forex Market in the world with daily turnover of around 50,000 Crores. It has been operated through NSE & MCX-SX (MCX Stock Exchange Ltd.) which are registered with SEBI and under RBI Guidelines.
Four pairs of currency trading are available for trading. 1) USD/INR 2) EUR/INR 3) GBP/INR 4) JPY/INR. Trading hours are 9 a.m. to 5 p.m. from Monday To Friday.