Tradebulls

Tradebulls Online Share Trading

Blog

Glimpse in to the currency trading markets

Equity | September 29

Many investors are fascinated with the possibilities of currency trading. It is an investment market that lets you make money by utilising the fluctuating currency prices across the world. With so many currencies circulating globally, there are opportunities in currency trading tapped by currency trading exchanges across the world.

India is a growing economy and currency trading is gaining the attention of Indian investors. To know more about foreign currency trading watch this Howcast video on “How to invest in foreign currencies?”: https://www.youtube.com/watch?v=y_r5ktFeSnY


Some of the notable facts related to leading currency trading are given below:

  • UK is the biggest forex trading country in the world with 41% in transactions of all the transactions around the world.
  • In 1973, free-floating currencies became available for trading. Prior to 1973, fixed exchange rates were placed on currencies. In a free-floating market, currency rates are decided based on the demand and supply of currencies around the world.
  • You do not buy physical currency during currency trading but gain value from buying/selling currencies of other countries in a virtual environment.gain value from buying/selling currencies of other countries in a virtual environment.
  • Currency trading exchange is the most liquid market in the world.


Here are few currency trading terms useful for beginners:

Pip – Any change in the rate of the currency pair is shown as its pip value.

Bid Price – It is the price at which you can sell the currency pair in the currency trading market. It tells you the price at which you can buy one unit of base currency using your quote currency.

Ask Price – It is the best price a trader can offer you for a currency pair at that particular time. Again, this is price you will receive in quote currency for one unit of base currency. 

Base Currency and Quote Currency – In a currency pair, the first listed currency is the base currency and the second listed currency is the quote currency. In a EUR/USD currency pair, EUR is the base currency and USD is the quote currency. EUR is the currency to be exchanged for USD at a particular price at a particular time (the current time) in the market. 

When you buy a currency pair at the currency trading market, you buy some units of both the currencies in the pair. To understand the market, practice forex trading through simulation games. If you want to dip your feet in real currency trading platforms, start by opening a trading account with a trusted service provider. Educate yourself by learning the terms related to the basics of currency trading. 

In the beginning, invest small amounts and focus on a single currency pair. With time you will understand how the forex market works. The currencies are also affected by the impact of local and global events. Try to understand how these events affect the currency pairs that you are interested in investing in. 

For investors who are new to currency trading, trading service providers conduct training sessions and share demo videos on how to go about your investments. Also, training is provided to currency traders on how to utilise the trading platform for performing trading actions and monitoring the changes in the forex markets. 

USD/INR, EUR/INR, GBP/INR and JPY/INR are the major currency pairs available for trading in India. If you want to diversify your investment portfolio by foraying into the currency trading market in India, then connect with a trustworthy currency trading service provider such as Tradebulls. To know more, visit https://www.tradebulls.in/currency-trading

Need more answers related to the currency trading market, post your queries in comments.

COMMENTS
sonal  | indore

great

leave your comment

ABOUT THE BLOGGERS

Aasif HiraniDirector Tradebulls

Aasif Hirani is the Director of Tradebulls Securities (P) Limited. Chartered Accountant (C.A.) by qualification, Mr. Aasif Hirani brings with him over 10 years of rich experience in the finance industry.

View Full Profile

OUR EXPERT BLOGGERS

636202619765216833_Dinesh_Thakkar_front_Face_100_px_x_100_px.pngDinesh ThakkarChairman & Managing Director
636202618488664609_Aasif_Hirani_front_Face_100_px_x_100_px.pngAasif HiraniDirector Tradebulls
636202618640303853_Dhruv_Desai_front_Face_100_px_x_100_px.pngDhruv DesaiDirector Tradebulls

Categories

Equity14Mutual Fund2Commodity6IPO1Demat Account8Forex1
Open your Demat and Trading Account with Tradebulls

Start Trading in Equity, Commodities and Currency Today!

Submit
  • attention investors
"Prevent Unauthorized transactions in your Trading/Demat Account --> Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/ Demat Account directly from Exchange/CDSL at the end of the day .......... Issued in the interest of investors." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary." | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." |"Investment in Securities Market/Commodity Market is subject to Market Risk. | RGESS investors kindly download New Retail Investor Certificate from link - https://www.cdslindia.com/investors/rgessverification.aspx | Dear Investor kindly update Aadhar Number with your demat account, contact your nearest branch."
TRADEBULLS SECURITIES PRIVATE LIMITED
SEBI Registration No : INZ000171838| NSE Member Id-13499| BSE Member ID-3286 | MSEI Member ID-77100 | CDSL Registration No: IN-DP-206-2016 | PMS Reg. No.:INP000005463 | Research Analyst No. INH000004486 | AMFI Reg. No.: ARN-82359 | CIN: U93000DD2009PTC004753
TRADEBULLS COMMODITIES BROKING PRIVATE LIMITED
SEBI Registration No : INZ000079832 | MCX Member ID - 21840 | NCDEX Member ID - 00376 | CIN: U51909DD2004PTC004752
Authorization : Please note that by submitting the above mentioned details, you are authorising us to call & email you even though you may be registered under DNC
Customer Support/ Grievance / Correspondence Office Ahmedabad: Tradebulls House, Sindhubhavan Road, Bodakdev, Ahmedabad, India -380054
Telephone No: +91-079-40001000,+91-079-33333333  | Email: wecare@tradebulls.in
Copyright © 2018 Tradebulls.in
Designed, Developed & Content Powered by   Accord Fintech Pvt. Ltd.