InvestorQ : where to trade in forex any authorized brokers?
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where to trade in forex any authorized brokers?

Answer
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1 year ago


Forex trading refers to the trading of foreign currency, that is foreign exchange rate is taken into consideration. Moreover, the forex is only possible through currency derivatives, that is through currency futures and currency options. Only 4 currencies US dollar (USD), Great Britain Pound (GBP), Euro, and Japanese Yen. 
In India, forex trading is allowed only through a brokerage in Indian exchange like BSE, NSE, and MCX-SX. So you can easily start forex trading with authorized brokers like Angel Broking, Iifl market, 5 paisa, etc. Open a trading and demat account with any of these brokers and understand the process before you start currency trading because derivatives market requires margin amount. Other than margin, there are many other additional requirement and guideline, which you should understand before Forex trading.