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)