RBI + SEBI provided you a platform.
- RBI ( Reserve bank of India) & SEBI ( Security
Exchange Board of India) has brought out the mechanism where you can
traded in the 4 currencies.
- Along
with shareholders they started a new stock exchange named MCX Stock Exchange (MCX-SX) started
there operations in Oct – 2008 with only one currency pair i.e USDINR &
then onward it has came up with other currencies i.e. EURINR, GBPINR,
JPYINR.
- Only
in these 4 currencies you can trade legally.
How to Start?
- Start you currency trading account from recommended share broker,
like – (SMC, Angle broking, Nirmal Bang, etc.)
- Please
verify their registration with SEBI before you start your investment.
Because if this brokers are not registered then there are highly changes
of scam.
Understand the Brokerage charges
- It is must to understand the brokerage charges &
how the currency future works?
- Because
all broker schemes looks lucrative but in reality it does not?
- If
possible get the previous traded data from there
client &
understand how the trading charges are divided (Actual + other Taxes)
Be with yourself when you start?
- One of the common mistake that we do is we start
trading for some-one else
- As your close friend asked you to start with or your
Investor suggest this is the best tool to start with & you
started.
- Money doesn’t come like this -> You need to give
your time & efforts to make it work for you
- Are you really ready for it? Please Ask Ask Ask
yourself before making this decision?
- As no doubt this opportunity has huge potential but
only when you have guts to stick on your decision?
·
No comments:
Post a Comment