Let’s get the market right!
Here we are talking about the Investment market, it is the most important part to understand the market. The ones that are experienced know how the market goes up and down and what trend is followed. But, the beginners! They are completely clueless about the market and have to experience losses at the beginning which makes them lose interest in trading. Success in trading can be found once the person gets the right education and gain experience by implementing it. Well! that was about trading. Let’s talk about what currency trading is?
It is one of the largest markets that continue growing year on year. On average, it has increased to around 20% since 2007. Since the currency trading platforms have gained improvements, retail traders have found forex as the major investment hub. Currency trading in India has also become a more liked stage for investing by retail traders. Real Guru offers such a platform to the people who are interested in making their investment grow. For the beginners, it is even more comfortable where they can open the DEMAT account and begin trading in less than 15 minutes. So, make up your mind and start exploring the market!
Patience is the key
While trading the numbers marks the difference, more important is being patient. With more patience, more chances you have to get profits in your investments. There has been a surge in the international economies as the result of an increase in global trade and foreign investments. But, with the increase there is also instability, it is because of the fluctuating exchange rates which have ultimately led to the creation of a huge international market for forex. Few points are considered while performing currency trading.
Firstly, Currency trading in India takes place between 9 am to 5 pm from Monday to Friday. Unlike the stock market, where there is no sale and purchase of a single stock rather one has to buy one currency and sell another currency in the forex market. The major part played here is the difference that is considerable and hence all the currencies are priced out to the fourth decimal place. It’s is said that the currency trading is done in pairs and pip where pip stands for percentage in points.
It happens in pairs of different currencies such as USD/INR, EUR/INR, GBP/INR, JPY/INR. The contract sizes on the exchanges for USD INR contract is 1000 Dollars also known as a micro lot, that is settled in INR based upon the daily closing price of the contract which is further based on LTDs RBI reference rate. The minimum fluctuation that is considered has to be 0.25 Paise. The margin required is per lot basis for various companies generally it ranges from 1% to 1.75%.
Real Guru serves its best Currency trading in India services to provide you the maximum profits on a very low commission with no middlemen involved. The major advantage of investing through us is the minimum transaction time. There is also no insider trading which makes it the most transparent process.
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