FOREX TRAINING COACHING COURSE IN CHENNAI

FOREX TRAINING COACHING COURSE IN CHENNAI - Forex Trading In Tamil

        Phone : +91 9841234504 / +91 735 82 82 82 0.
 Arvind's Forex Trading Training Academy Chennai Velachery, The Best Forex Trading Market Training Institute in Tamil  Chennai, Velachery

Cross Forex Trading Course

Forex Market Training in Chennai

Join hands with our Currency/Forex Market Training course, one of the best forex trading training institutes in Chennai. As of now, RBI ( Reserve Bank Of India ) has approved very few pairs trading in India.

In India the following currency pairs are available to trade:

Trading Timings : 9 am to 5pm only.

CROSS CURRENCY PAIRS

EUR/USD

GBP/USD

USD/JPY

It is legally allowed to trade Forex within Indian Exchanges like NSE. As per RBI guideline, all Indian resident including banks and financial institutions can do forex trading in currency pairs. The main currency pairs are EUR/USD, GBP/USD, USD/JPY, USD/INR, EUR/INR, GBP/INR and JPYINR. So, if you are trading with brokers who have membership in mention exchange it is absolutely legal.

Course Duration 1 week. Call us for the course fee.

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.

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. Few of the list below:

Trading hours

Trading at NSE closes at 5:00 PM where as Europe and USA markets open after that. This brings overnight price change risk.

Liquidity Risk

There are not enough trading in cross currency pairs on NSE. So, it’s hard to find buyers and sellers.

INR is Not Free Float

RBI controls price of INR time to time, that makes it harder for a trader to speculate direction.

Fixed Lots

Lots are fixed on NSE, you don’t have flexibility to choose different lot sizes.

Fixed Expiry

Future and option contract expires. Also, we don’t have longer contracts. Where as, CFD in international markets don’t expire.