Opening a Currency Account

           It is been regulated through RBI+SBI authority & also you can open account to any of the registered broker. 
           The fees charged by broker in case of international market it is called as Spread, in case of Indian currency market it is called as brokerage. Now days it is about  Rs 18/lot.
           Trading plate-form offered by Indian currency trader is Odin Diet. 
It is 9.00am to 5.00pm market, whereas international currency market is 24 hour market. 

Doing currency trading in international 24 hour market is considered to be illegal because of RBI guidelines. So for new comer it is recommended to start with Indian currency trading and slowly go for International currency trading market. 

Dont forget to Share, and Like or Comment. Be SOCIAL ! 

What is mean by Leverage ?

 leverage is the ability to control a large amount of money by investing only small capital in your FOREX account. The level of risk increases if the leverage offered by your Forex trading broker is higher. The amount of leverage differs depending on the type of account. 

Although in most of the cases leverage is 50:1 but sometimes it can be as high as 250:1. Leverage of 50:1 means that you can control a trade worth $50 if you have $1 in your account. 

For example, if any Forex trader has $100 in his/her trading account then the broker will lend him/her $5,000 for trading. This leverage makes your margin very low. In equity market, the margin is at least 50% but the leverage of 50:1 makes the margin equivalent to 2%.

Leverage is considered as the main benefit of Forex trading because it allows a trader to make good profits with small investment. 

On the other hand, leverage can be negative if the trade moves against the trader because in such cases the trader’s losses are amplified by the leverage. With large leverage, there is a possibility that the trader can lose more than his/her invested money, although most of the trading firms put stop loss to protect the online trading account from going negative. Due to this reason, it is essential to consider the risk involved with the given leverage before opening an account.

We will teach you here !

The site is UNDER CONSTRUCTION !

Today's forex commentary

Today the day was of the RBI's mid-monetary policy. So the market was in consolidation till 11:00 o'clock. Due to negative sentiments it came down approzimately 15 Ps . But immidiatly it covered the move and captured the positive mood of the market because RBI didn't change its policy anymore. But, after that it again went in consolidation upto this time.

The way towards being a Successful Forex Trader

Forex Trader होण्यासाठी काय करावे ?

1 . सर्वप्रथम एखाद्या Nationalise बँकेत तुमचे saving Account काढा. त्यात किमान Rs.25,000/-- ठेवा. 
2 . स्वतःचे PAN Card आणि Election Card असावे 
3 . बँकेतून तुमच्या Account चे Pass book मिळावा 
4 . स्वतःचा Computer असावा. 
5 . Stock / Share / Equity मार्केटच्या
किंवा 
Commodity ( वायदे बाजार ) मार्केटच्या
किंवा 
Forex / Currency ( चलन बाजार ) मार्केटच्या एखाद्या ब्रोकर कडे तुमचे Dmat Account आणि Trading Account काढा. 
6. ब्रोकर तुमच्या Computer वर Trading software install करून देईल.

Thus the technical infrastructure is ready for you.

It is an Educational Firm in the field of Economic literacy, Forex Training & Trading .