FOREX TRAINING COACHING COURSE IN CHENNAI - Forex Trading In Tamil

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Arvind's Forex Trading Training Academy Chennai Velachery, The Best Forex Trading Market Training Institute in Tamil Chennai, Velachery

Forex Currency Derivatives

Forex Trading in India

As an Indian you can trade in forex derivative on NSE ( National Stock Exchange ). Mainly currency futures and currency options. These are different than 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 USD/INR currency pair.

Later in Oct-2010 three more currency futures were introduced EUR/INR, GBP/INR, JPY/INR. Same, month USD/INR 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 ( National Stock Exchange ) introduced three cross currency futures and options – EUR/USD, GBP/USD, USD/JPY. 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)

Available Pairs as follows :

USD/INR

GBP/INR

JPY/INR

GBP/INR

NSE Started forex trading in India (currency options) in Oct’2010 and we are delivering forex trading course in India since Feb’2011

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.

DISCLAIMER :International Forex trading ( SPOT ) in india is not regulated by RBI, thus we do not practice it. We are an online coaching platform targeting only foreign clients. However, we are open to Indian clients for Domestic Forex Trading coaching and also for NRI's who may wish to train with us thus we strongly distance ourselves from any legal liability that may arise from their activities of Forex trading within India and they may only do so at their own risk. We are not a trading company nor a fund management company. Our key areas of operations are training for International & NRI traders, Domestic Forex Trading with INR, Cross Forex Trading such as EUR/USD, GBP/USD, USD/JPY ( Only 3 Pairs ) which is allowed to trade in NSE exchange in India, MCX Commodities, Stock Market. We are not Forex brokers nor do we carry any form of portfolio management services. Thus, clients must only hold us liable only to as far as training and content delivery is concerned. Kindly check RBI Rules For Forex Trading In India Is Legal Or Not which is clearly mentioned in our portal before you join the course.

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HIGH RISK WARNING : Commodities. Equity Futures, Forex, Currency, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Commodities, Equity futures, Forex, Currency and options and be willing to accept them in order to trade in these Markets. Commodity, Equity Forex, and Currency trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general Market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. )