Forex Trading Kya Hai? | Forex Trading For Beginners | Earn From Currency Trading | Josh Money

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In this video of Josh Money, Aastha Sethi is talking about Forex Trading. The foreign exchange market is also referred to as the forex or FX market. In today’s age, it is powered by telecommunications technology and remains active 24 hours a day. It facilitates over-the-counter transactions in individual currencies between two participants where each individual currency is a market in itself, like the USD market or the GBP market. The foreign exchange market also sees a high volume of interbank transactions, which often define the currency values. Forex markets originated due to the requirements of traders to settle international trades. Forex markets remain the oldest financial markets and have a large say in global financial liquidity.

Purpose of the forex market
Hedging of currency risk is one of the two drivers behind the foreign exchange market. Through the FX market, a party to an international transaction can fix the currency value at which the transaction will be calculated. This insulates the party from a sudden devaluation in the foreign currency.
The volatility of the foreign exchange market offers good grounds for speculation among investors. While hedging may seem like an institutional decision to manage exchange rate risks, retail traders stand to make the most out of foreign exchange trading for speculative gains.

Is Forex Trading In India Legal?
It is a settled fact that no Indian citizen, as guided by SEBI and regulated by RBI in order to minimize risk incumbent in it, can undertake forex trading inside the Indian Territory through any electronic or online forex trading platform under any circumstances. By virtue of RBIs circular issued in 2013, forex trading through electronic or internet trading portals has been prohibited. However, forex trading is held legal when one does it through specified foreign exchange trading platforms and the base currency is INR (Indian Rupees). Simply put, the Indian Government has limited trading for Indian residents to only trade currency pairs which are bench-marked against INR (Indian Rupee).

Forex Trading Kya Hai? | Forex Trading For Beginners | Earn From Currency Trading | Josh Money

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