You might think that the Foreign Exchange market is very easy to handle. How Does The Forex Market Operate on a Global Level? The first occurrence is termed as long position and the later one is termed as a short position in the forex market. And when you are selling the currency pair, you end up buying the dollar against the Euro. So, when you buy EUR/USD, in simple words, you are making a purchase of European currency against the American Dollar. Here, we will consider EUR as the base currency and USD as the quote currency against which the units are measured. Basically, the currency pair gives the relative value of a specific currency unit aligned with another currency unit. It is a term which is mainly used in the Foreign Exchange market. In the start, you need to understand the currency pairs and how they work in the market.

Due to the profit level of the market, buying and selling of an individual’s holdings are done on the same day and the traders earn a big amount of profit.ĭeal with IQ Option and Get around Forex What is Forex Trading? Just one blink of an eye and a huge amount of currency is transferred from one place to another. The traders can earn trillions of dollars daily. Deal with IQ Option and Get around Forex: So, you have to look for some catch that will allow you to bypass the restrictions and get involved in Forex Trading market in India. But therein lies another problem as trading overseas is also illegal as per RBI guidelines. It includes:Īlong with this, Indian traders also have the freedom to invest in equity markets. where only 4 pairs of currency can be exchanged. Nonetheless of you are dealing with international brokers, the Indian government has no authority over international trading services.Īs an exception, the Government has provided legality to trade forex with NSE, BSE, etc. In case the government receives the information about you being involved in foreign exchange within the country, then you will be charged against the law. It is very important to find an authorized broker and use its service for trading purposes. So, being an Indian trader, it is also possible to get involved with the Overseas Forex Trading market. In India, Forex Trading is banned, but that there is no authority which monitors the online trading market. However, for Indians the market is still lagging behind due to RBI restrictions. The whole world has seen firsthand how much the Forex Trading market has grown over the years.

How to start forex trading in india