loader2
NRI

Currency Trading: Foreign Exchange Market Live

84.0250
CMP
84.0550
84.0550
84.0550
130
84.0450
4446
84.0475
83.97
2,596,008
34.71%
1.00
MCap.(Cr.) : 42,133
BV : 42,133
PE (x) : 42,133
Div. Yield (%) : 42,133
EPS : 42,133
FV : 42,133

What is Currency Trading

The Foreign Exchange Market (Forex) is one of the world’s largest, most liquid and most dynamic financial markets. It gives traders a platform to speculate on the value of one currency against another. Currency trading is an attractive option for investors looking to diversify their portfolios while capitalizing on global trends. Essentially, the currency market involves buying and selling currency pairs from across the world.

Currency Brokerage Calculator

Brokerage @ Rs 20/- per order only
NSE - Futures
  • Total Trade Value 20,050,000
  • Brokerage 40
  • Exchange Transaction Charges 521.30
  • SEBI Charges 10.03
  • GST 102.84
  • Stamp Duty 200
  • Total Expense & Taxes 1879.16
  • Per Lot Expense 939.58
  • Rs. to Break Even 9.40
  • Ticks to Break Even 1879.16
  • Net Profit / Loss 24036.82
NSE - Options
  • Total Trade Value 20,050,000
  • Brokerage 40
  • Exchange Transaction Charges 521.30
  • SEBI Charges 10.03
  • GST 102.84
  • Stamp Duty 200
  • Total Expense & Taxes 1879.16
  • Per Lot Expense 939.58
  • Rs. to Break Even 9.40
  • Ticks to Break Even 1879.16
  • Net Profit / Loss 24036.82

Most Traded Contracts

open interest (FUTURE)

Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-29-OCT-2024 84.0475 84.0550 -0.0075 2,596,008.00 668,860.00
GBPINR-29-OCT-2024 110.2125 110.1500 0.0625 31,963.00 -16,330.00
EURINR-29-OCT-2024 92.2300 92.9100 -0.6800 28,705.00 -17,063.00
JPYINR-29-OCT-2024 56.7800 57.6650 -0.8850 5,674.00 171.00
EURUSD-29-OCT-2024 1.0986 1.1044 -0.0058 3,430.00 23.00

Currency Market News

The US dollar regained appetite tracking a rally in US treasury yields after upbeat U...

Oct 07, 2024 11:36

The US dollar index stayed slippery after a volatile movement over last two sessions. The ...

Sep 20, 2024 12:09

Rupee closed higher at 83.5800 per Dollar on Friday ( September 2024), versus its previous...

Sep 20, 2024 17:44

Indian Rupee hit fresh two month high against the US dollar today, gaining further as loca...

Sep 20, 2024 17:16

The US dollar is seen recovering after having slumped sharply yesterday following Fed...

Sep 19, 2024 11:31

Rupee surged to close higher at 83.6925 per Dollar on Thursday (19 September 2024), versus...

Sep 19, 2024 17:41

FAQs

How does currency trading work?

In the forex market, currencies are traded in pairs. Traders buy one currency by selling another. The first currency listed in the forex pair is the base currency, while the second currency is called the quote currency. If the trader expects the base currency to appreciate against the quote currency, he will buy the currency pair. If they expect the value of the base currency to depreciate against the quote currency, they will sell the currency pair. For instance, if the value of USD is expected to appreciate against INR, traders can buy USD/INR futures.

Like any form of trading, forex also comes with a degree of risk. Currency trading involves speculation, high leverage and a number of international factors. Moreover, currency markets are highly volatile and are influenced by several factors, including economic and political events. Thus, it is critical to evaluate risks before trading in the currency markets.

You can trade currency futures in India on registered exchanges such as the National Stock Exchange (NSE), The Bombay Stock Exchange (BSE) and MCX-SX.

To trade in forex in India, you have to adhere to market timings. As of now, forex trading takes place from 9:00 am to 5:00 pm.

No, you do not need a demat account to engage in forex trading as most currency trades are settled in cash. However, you will need a forex trading account and a bank account to trade in currency markets. 

There are five types of currency markets. These are spot, forward, futures, options and swaps. In the spot market, currency trading takes place at real-time exchange rates. Forward markets deal in over-the-counter (OTC) forward contracts, while currency futures are traded through centralised exchanges in the futures market.

The options market gives traders a right to convert the currency on a future date but there is no obligation to do so. It allows traders the right to buy or sell currency at a specific rate and on a specific date. Swap transactions involve simultaneous borrowing and lending of two types of currencies between two investors.