Forex Write for Us
Foreign exchange is changing currency for various reasons, usually commerce, trading, or tourism. It is a combination of the words foreign [money] and exchange
Forex Trading for Beginners
The foreign exchange and forex markets are the world’s most traded financial markets. We’re committed to ensuring our clients have the best education, tool, platform, and account to navigate this market and trade forex. You’re in the right place if you’re unsure where to start regarding forex. What it is, how it works, and how to start trading. You’ll find everything you need to know about forex trading.
Is Forex Profitable in India?
Forex trading in India can be profitable in India. Success depends on a trader’s experience, risk management strategy, market knowledge, and ability to handle volatility. Yet, it also carries a high risk level due to the currency markets’ unpredictable nature.
What is the Forex Market?
The forex market is the most significant and liquid financial market globally. Just a few years ago, with an estimated average. Global daily turnover is more than US$6.5 trillion, rising from $5 trillion.
One critical feature of forex market is as all trading is completed electronically via the computer network, there is no central marketplace or exchange in a central location. It is known as an over-the-counter (OTC) market.
Who handles Forex in India?
The FEDAI is the self-regulating organization (SRO) that formulate rules around Indian interbank forex dealing. Some core functions of FEDAI include advising and supporting member banks, representing member bank on the Reserve Bank of India (RBI), and announcing rate to member banks.
What is the limit of Forex in India?
On the other hand, one can purchase an equivalent maximum of US $2,50,000 as a forex card. US $2,50,000 is the overall limit for the Resident Individuals under the RBI Liberalized Remittance Scheme (LRS)
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