We are all familiar with currencies, especially the hard currencies like the US Dollar, UK Pound etc. But, did you know that even a small investor can actually trade in currencies in the form of currency pairs by taking a long or short position based on their view on the currencies. You can trade currencies on the NSE, BSE and also on the Metropolitan Stock Exchange. Currency trading in India is just about emerging as an alternative trading opportunity. Currency trading for long was a domain of banks. Only after the introduction of currency futures on NSE and BSE have retail investors also been permitted to trade in currency pairs. So how to open a forex trading account in India and how to start forex trading in India. Your broker will allow you to trade currencies in your existing trading account itself, the only condition being that some additional approvals are required.