Learn Forex Trading in India
Learn forex trading in India, There are two option trading on NSE and trading through a forex dealer in international markets.
Learn Forex Trading in India From The Pioneers, Since 2010
NSE Started forex trading in India (currency options) in Oct’2010 and we are delivering forex trading course in India since Feb’2011.
Forex Trading in India
As an Indian you can trade in forex derivative on NSE. Mainly currency futures and currency options. These are different then CFD traded through a Forex dealer in International markets. Forex trading in India is not too old. It start with currency futures trading on NSE in Aug-2008 with only USDINR currency pair.
Later in Oct-2010 three more currency futures were introduced EURINR, GBPINR, JPYINR. Same, month USDINR currency option trading also started. However, forex trading in India was still lagging behind as there was no cross currency pair.
Finally, in Feb-2018 NSE introduced three cross currency futures and options – EURUSD, GBPUSD, USDJPY. So, now it’s time to learn forex trading and trade as we have few currency pairs to trade.
Trading Hours on NSE: Mon-Fri (9:00 AM – 5:00 PM)
How to open a forex trading account in India?
You need to open a currency derivative account with any stock broker. Also, you can open a free forex account here. Use Discount Code: STXFREE
You’ll need following documents:
- Pan Card
- One ID Proof: Aadhar/DL/Voter Id/Passport
- One Cancelled Cheque
- 6 month bank statement or ITR copy
- 1 photo
- Must be at least 18 years old.
- Must an Indian Resident.
Problems with Forex trading in India
NSE has introduced cross currency pairs and pairs with INR. However, there are still serious problems. I’m trying to list few below:
Forex Trading in International Markets
Other option to trade forex is trading through international forex dealers or ECN. There are more flexible, almost all currency pairs. Traded over the counter, so no liquidity risk.
You can trade Mon-Fri 24 hours open. Mostly, traded on meta trader 4 or meta trader 5.
However, it is not legal for resident Indians to trade in overseas market as per FEMA and RBI guidelines. So, if your friend or family are living outside India or any non resident can trade forex in International markets.
Learn Forex Trading in India From The Best
Over nine modules to learn in International markets and forex trading in India. Here is a complete list. In case any query fill the form below.
Why iPlan Education to learn Forex trading course.
Forex Trading Course Features and Facilities
Few companies where our students are placed
It all happened because of 10 years of strong alumni relations
Learn Forex Trading – Your Options Are Below
Select any of these courses for forex trading in India, if any query fill the form below.
Advance Certificate in Indian + International Forex Markets
Duration : 5 M
Advance Certificate in International Forex Market
Duration : 3 M
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