Emerging Trend of Forex Trading in India

by

Andrew Hudson

On Indian soil, Stock market is not a novice. Many trading communities have established over the years lending growth to the Indian economy. Stock market regulators in the form of SEBI, control the regulations of the share and Forex trading. Foreign exchange currency trading market is the biggest and fastest growing trading market in the world. Even in India, economic reforms and policies by RBI enabled trading in foreign exchange.

The biggest stock exchange in India, the National Stock Exchange, started providing the currency trading platforms for the benefit of the common man. A currency trading platform provides a type of trading software used to help currency traders with Forex trading analysis and trade execution. Though Online Forex trading started in the 21st century, the Forex trading in India stands as 16th largest in terms of total daily turnover. However, common man is yet to get acclimatized with currency trading and particularly with the advantages it provides. More and more retail customers are getting themselves into the Forex trading with help from the Currency Trading Platforms provided by the national stock exchange. Though the trading platforms are being used by the agents who trade on behalf of the retail customers, the customers still have access through the Online Forex trading softwares. It is already a common pattern among the corporate houses to hedge the currency risks. It is a growing trend among the common people to trade foreign currencies. We have more and more Forex Traders in India in this decade because a large population in India earns lot of foreign exchange from overseas. There is awareness among the retail customers. Those people, who are available as Forex traders in India, are opting to join firms and helping manage the currency trading platforms for the retail customers. This is being made possible by the digitized and hassle free softwares. The agents will only guide and update about possible scenarios and the Forex market trend. However, the software available will give the short term and long term trend. These software tools will help being informed and help in reducing the risk. Above all the platforms available, the latest offer by the securities firms are to provide seminars and forums to the investors about the latest on Forex trading. Information, easy affordability, easy accessibility, low transaction costs, standardized contracts, etc. are few reasons why Forex traders in India are on a rise. Very deftly India is taking the steps to go up the ranking from being 16th now.

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