What is Currency Trading?
Currency trading, commonly known as forex trading, is the buying and selling of currency pairs in the foreign exchange market to earn profits through speculation.
Presently, the currency market, or the forex market, is one of the world's largest and most liquid markets, thereby recording a daily turnover of $ 2 trillion, with quick growth projections.
The primary factor that differentiates forex trading from other types of trading is its liquidity. The purchase and sale of one currency for another to take place simultaneously. This kind of trading is also known as 'Speculative forex trading.'
Currency Trading Pairs for India
5 reasons to invest in currencies with 5paisa
Trading in Forex tends to cater to highly liquid market. There are no hidden prices.
Trade from anywhere
Use web or mobile platform to trade in global currencies from your couch
Make fast & precise decisions
Study charts, understand market and place quick orders on FOREX market in real time
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FREEResearch & Trading Ideas
Open your FOREX trading account
in 3 easy steps
Open your account
Fill in your personal details required for account opening & select Derivatives segment while proceeding with your account opening journey
In addition to the below mentioned list of documents, submit your income proof that is required for trading in Derivatives segment
Start currency trading
Post verification, your trading account will be activated and you can start investing in currencies
Frequently Asked Questions
FOREX is a portmanteau of "foreign exchange." Trading in FOREX market is about buying one currency and simultaneous selling of another in the global marketplace.
Yes, investing in FOREX Market is legal in India.
Yes, in fact, FOREX is considered to be one of the most transparent market globally when compared with any other liquid market.
A cross-currency refers to a currency pair or transaction that does not involve the U.S. Dollar. And RBI does allow cross currency pairs to be traded in the derivatives market in India.
A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. For eg USD 1 = INR 72.55.
If you have an online trading account, you don’t need any additional permission to do currency trading. You can buy and sell currency pairs on the NSE or the BSE currency segment.