Forex Course :
Currency Derivatives (NSE) And
International Markets (MT4)

Learn Forex course, Become a currency derivatives professional trader on NSE and International market (MT4)

Currency Derivatives on NSE

You can trade currency derivatives on NSE in India. There are two types of exchange traded currency derivatives: Currency Futures and Currency Options.
Currency Futures started in Aug’2008 and currency options in Oct’2010. iPlan Education was the first private Institute in India to start teaching currency options in Feb-2011.
NSE introduced three cross currency derivatives EURUSD, GBPUSD and USDJPY in Feb’2018. So, you can now locally trade in cross currency derivatives on NSE.

Trading Hours: Mon-Fri (9:00 AM – 5:00 PM)

How to open currency derivatives trading account on NSE?

You need to open a currency derivatives trading account with any stock broker to trade currency futures and currency options on NSE. You can open free trading account here. Use Discount code: STXFREE
Basic Requirements to open a currency derivatives trading account:

  • Any one ID Proof : AAdhar, Driving Licence, Voter ID, Passport
  • PAN Card
  • Income Proof: 6 Months Bank statement or ITR copy
  • 1 Cancelled Cheque
  • 1 Photo
  • Must be above 18 year old
  • Must be an Indian resident

How much investment in required to trade in currency derivatives.

Currency futures are traded in lots. Minimum lot size is 1000 units. So, for example:
Price for USDINR : INR 70 per dollar
Total Value: 70 x 1000 = INR 70,000
Margin Required: 70,000×3% = Rs. 2100

Here, you only have to pay only margin money. The current margin requirement is 3% of total value. So, you have to pay only 70,000 x 3% = Rs. 2,100 only to buy a currency futures contract on NSE.

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Forex Course : International Markets

You can trade in international forex market after this forex course. You can do forex trading through a forex dealer or ECN. These are over the counter (OTC) trades, So, no stock exchange is involved and it is open 24 hours a day. You can find a lot of registered foreign forex dealers with foreign marker regulators. Most of them offer trading on Meta Trader 4 (MT4) or Meta trader 5 trading app.

Trading Hours: Mon-Fri ( 24 hours)

Currency Derivatives in Forex Course
Dollar Index With Six Major Currency Derivatives

How to open a Forex trading account in International Markets?

You can open a forex trading account in international market through a forex dealer or ECN. In this forex course we’ll teach you, It is simple and easy, you only need a credit card or international debit card and ID proof.

However, if you are an Indian resident as per FEMA guideline and RBI Notification, it is not legal to send or receive rupee/dollar transaction overseas for online forex trading.
So, if any family or friend is residing outside India or a non-resident can only trade in international forex market.

How much investment is required for forex trading?

If you are trading in international forex market through dealers or ECN. You can start as low as $100 only.

Every forex dealer gives you flexible lot size. Which be 100 to 100,000 units per lot. Margin is only 0.25%, which is extremely low. For example you are buying lot of 1000 units:

Price for USDINR : INR 70 per dollar
Total Value: 70×1000 = INR 70,000
Margin Required: 70,000 x 0.25% = Rs. 175 only.

Here, just by investing Rs 175 you can by a lot. This low margin requirement makes it very attractive for a forex course trader.

Which One Is Better?

Here, is a detailed comparison between trading on NSE and Internation Markets. The only negative point in find with trading on NSE is limited trade timing, it closes when rest of the world market opens.

Account OpeningFull KYC NeededQuick n Easy
Trading Hours9 AM – 5 PM24 Hours
Lot SizeFixedFlexible
Currency Pairs4 INR Pairs / 3 Cross PairsAll Currency Pairs
SoftwareLimited IndicatorsUnlimited Indicators
LiquidityLowVery High
Default RiskNOYES
Legal in IndiaYESNO

Factors Affecting Forex Prices

Mostly economic factors affect forex prices in international markets. However, it also depend on which type of currency float you dealing.
Few government control their currency prices and fix them. Few government apply managed float, so they control volatility of their domestic currency. India manages INR volatility, it’s managed against dollar.
However, all major currency in world market like USD, EUR, JYP, CHF, AUD, CAD are Free floated and there is almost no intervention.

Interest Rates: This one of the most important factor affecting currency movement.
Export-Import: This affect demand and supply of currency in world market.
Economic Factors: Unemployment, industrial production, GDP, natural resources and more.
Political Conditions: Political stability, War, and policies also greatly affects currency prices.
Commodities Prices: Gold, crude oil and other commodities deeply affect dollar.
Market Making: International banks, hedge funds and big dealers also bring volatility to currency prices.

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