What is Forex Trading?

Forex Trading is the course of action to buy and sell the currencies of different countries in the foreign exchange market. Unlike equity and commodity market, forex trading doesn’t have any centralized exchange. In forex trading, all the transactions take place electronically over the counter (OTC), while equity and commodity trading take place on exchanges.

In electronic-based (OTC) trading all the transactions between the traders take place through computer networks globally. Instead of physical transactions in OTC, traders use the computer system or trading software connected to the internet.

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Benefits of Forex Trading

Round-the-Clock Trading

- One of the most interesting parts of forex trading is, you can trade anytime, from anywhere as it is open 24 hours. Though there are a lot of different trading hours, trading not stops globally and is open to all types of traders. However, in India, the market timing for OTC currency trades including forex derivatives is 9:00 am IST to 3:30 pm IST.

Highly Liquid Market

- Owing to access to a huge number of traders globally, the forex market is one of the most highly liquid financial markets in the world. Due to the regular and large volume of trades, the liquidity in the market is also very high making forex trading a highly liquid market. Moreover, traders have a wide range of trading options due to pairing with different currencies. Though all the currencies are not liquid, the combination of USD with other currencies is giving various options for the traders to make their positions.

High Leverages for Trading

Compare to other financial markets, forex trading gives the highest amount of leverage to traders. In the currency market, you have the opportunity to get high margins to trade many times you can say up to 20 or 30 times to trade in the market.

Low Transaction Fees - Trading in the forex market comes with another advantage of low-cost transaction fees. Yes compared to equity and commodity markets, the transaction cost of forex trading is much lower.

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Cheaper - Anything that makes life easier and less stressful is not always expensive. When people learn about the benefits of a service, the next thing they worry about is the cost of obtaining it. Physical securities cost far more than was originally estimated, both financially and mentally. Demat service alleviates all pain in exchange for a nominal fee.

Timely transactions – Demat accounts, as opposed to actual certificates, enable for the speedy and secure transfer of shares. As the Trades are executed, the shares immediately get credited to your account.

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•High Volatility

•Unpredictable Pricing

•Operational Risk

•High Leverage-High Risk

•Lack of Transparency

Why you should Start Trading Forex now?

If you are interested in forex trading you can start this trade-off journey now. As the currency of different countries always not remains the same, it keeps changing with the economic factors, foreign import-export policy and demand and supply of the currency in the market. And the fluctuation of currency prices gives an opportunity to trade and earn money.

How to Start Forex Trading in India?

Starting forex trading is not difficult just like other financial instruments. Here you all need a trading account, a bank account and the right platform to do online trading. And to have a trading account you have to find a broker providing the forex trading services along with a trading account and online trading platform facility for retail traders.

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