Forex Trading for Beginners in India | What is Forex Trading | Best Forex Trading Strategy in India

Summary

This script offers an in-depth guide to forex trading in India, highlighting the high leverage potential and emphasizing the importance of trading through authorized platforms. It explains the concept of forex, currency pairs, and the significance of 'lots' in trading. The video demonstrates how to trade forex within the legal framework using a Demat account and currency derivatives, showcasing the process from account setup to live trading, and cautions against platforms not authorized by the RBI.

Takeaways

• 💡 Forex trading allows for high leverage, which can amplify both profits and losses.
• 📈 With a small investment, traders can control a large amount of currency due to leverage, but must be cautious of the risks involved.
• ⚠️ The Reserve Bank of India (RBI) has warned against using unauthorized forex trading platforms, emphasizing the importance of trading on authorized ones.
• 🇮🇳 In India, forex trading is legally conducted through Demat accounts during market hours, and not on unauthorized platforms.
• 🤑 Forex trading involves currency pairs, and traders can profit from changes in their exchange rates.
• 🔄 The basic concept of forex trading is to exchange one currency for another based on market fluctuations.
• 🔢 Currency pairs are composed of a base currency and a quote currency, and their values are expressed in terms of how much of the quote currency is needed to buy one unit of the base currency.
• 📊 The smallest change in the exchange rate is called a pip, and monitoring these changes is crucial for forex traders.
• 💻 For those new to forex trading, understanding the basics such as currency pairs, leverage, lots, and pip values is essential.
• 🕒 Forex trading through Demat accounts in India is restricted to specific hours and requires activation of the forex segment.
• 📈 Traders can use leverage in futures trading, which significantly reduces the capital required to enter a trade but also increases risk.

Q & A

What is the concept of leverage in forex trading?

Leverage in forex trading allows traders to control a larger trade with a smaller amount of capital. For example, with 400 times leverage, a trader can control a trade worth Rs 400,000 with an initial investment of Rs 1,000.

How does the leverage affect potential earnings in forex trading?

Leverage magnifies both potential profits and losses. If the value of the currency pair increases by 1% with a leverage of 400, a trader can earn Rs 4,000 on an initial investment of Rs 1,000.

Why might forex trading platforms be unauthorized for trading in India according to the script?

The Reserve Bank of India (RBI) has drawn a circular stating that many popular forex trading platforms are not authorized for forex trading in India, which means they may not comply with Indian regulations.

What is the legal way to do forex trading in India as suggested in the script?

The script suggests trading forex through a Demat account during business hours (9 am to 5 pm) by trading in currency pair derivatives such as futures or options.

What is a currency pair in forex trading?

A currency pair consists of two currencies, where one is the base currency and the other is the quote currency. It represents the exchange rate between the two currencies, for example, USD/INR.

What is the significance of the term 'lot' in forex trading?

A 'lot' refers to the standard quantity of a currency pair that a trader can buy or sell in a single transaction. It helps standardize trading sizes and is available in different sizes like standard, mini, micro, and nano.

How does the concept of 'PIP' relate to forex trading?

PIP stands for 'percentage in points' and represents the smallest change in the exchange rate of a currency pair. It is typically the fourth decimal place in the exchange rate, and changes in PIP affect the trader's profit or loss.

What is the difference between trading forex directly and trading its derivatives?

Direct forex trading involves buying and selling currencies immediately, while trading derivatives involves trading contracts that represent the value of the currency pair and have an expiry date.

Why might the price of a currency pair's derivative differ from its actual market price?

The price of a currency pair's derivative reflects the market's expectation of the currency's value at the contract's expiry date. It can differ from the actual market price due to factors like time to expiry and market sentiment.

What are the trading hours for forex trading through a Demat account in India?

Forex trading through a Demat account in India is restricted to business hours, which are from 9 am to 5 pm local time.

What is the importance of activating the forex segment in a Demat account for trading?

Activating the forex segment in a Demat account allows traders to access and trade in currency derivatives, which is necessary for participating in forex trading through the Demat account.

Outlines

00:00

💹 Introduction to Forex Trading and Leverage

This paragraph introduces the concept of leverage in forex trading, explaining how a small investment can control a much larger trade due to the high leverage available, up to 400 times. It illustrates the potential gains with an example and raises the question of how to legally trade forex in India, highlighting that many popular platforms are not authorized by the Reserve Bank of India (RBI). The paragraph also emphasizes the importance of understanding the basics of forex trading, including the definition of forex, how it works, and the concept of currency pairs, using an example of exchanging Indian Rupees for US Dollars.

05:02

🌐 Understanding Currency Pairs and Trading Lots

This section delves deeper into currency pairs, explaining the roles of base and quote currencies within them. It uses examples such as USD/INR and EUR/INR to illustrate how the value of these pairs can change and what it signifies about the strength of the respective currencies. The paragraph also introduces the concept of 'lots' in forex trading, explaining different lot sizes and how leverage can significantly reduce the amount of capital required to trade a standard lot, making forex trading accessible with a small investment.

10:05

📈 Live Demonstration of Forex Trading in Demat Account

The speaker provides a live demonstration of forex trading through a Demat account, explaining the process of activating the forex segment for trading in currency derivatives. They discuss the importance of understanding the difference between trading the actual currency pair and trading their futures contracts, which have an expiration date. The paragraph also clarifies the pricing differences between contracts with varying expiration dates and the actual currency price, which can be found on trading platforms like Trading View.

15:08

🤑 Execution of a Forex Trade and Understanding Profit and Loss

In this paragraph, the speaker walks through the process of executing a forex trade, from selecting a currency pair to placing buy and sell orders, including setting market or limit orders and stop losses. They discuss the difference between intraday trading and carry forward trades, the timing of forex trading through Demat accounts, and the importance of exiting trades by the specified time to avoid losses. The speaker also demonstrates how profit and loss are calculated in forex trading, emphasizing the gradual nature of profit and loss in this market.

20:09

⚠️ Caution on Authorized Forex Trading Platforms and Conclusion

The final paragraph warns viewers about the risks of trading on unauthorized forex platforms in India, listing some of the platforms authorized by the RBI. It concludes by urging viewers to like and share the video for the benefit of others and to seek accurate information on forex trading. The speaker also promotes other educational content on options trading and offers a link to open a free Demat account for those interested in starting their trading journey.

Keywords

💡Forex Trading

Forex Trading, short for foreign exchange trading, is the act of buying and selling currencies in the foreign exchange market. It is a key concept in the video as it discusses the potential for high leverage and profit in this market. The script mentions that with a small investment, one can control a large amount of currency, highlighting the high leverage available in forex trading, which is a central theme of the video.

💡Leverage

Leverage in the context of forex trading refers to the ability to control a large amount of capital with a relatively small amount of money. The video script explains that one can trade a value worth Rs 400,000 with an initial investment of Rs 1,000 due to leverage, which is a significant aspect of forex trading as it allows for higher potential profits but also higher risks.

💡Currency Pair

A currency pair is a combination of two currencies that are traded together in the foreign exchange market. The script uses the example of USD/INR to explain the concept of currency pairs, which are fundamental to forex trading as they represent the relationship between two currencies and their exchange rates.

💡Base Currency

In a currency pair, the base currency is the first currency that is quoted. The video script clarifies that in the pair USD/INR, the US dollar is the base currency, which is essential for understanding how currency pairs are quoted and traded in the forex market.

💡Quote Currency

The quote currency is the second currency in a currency pair and is used to express the value of the base currency. In the script, it is mentioned that in the pair USD/INR, the Indian rupee is the quote currency, which is crucial for determining the exchange rate and the value of a trade.

💡PIP

PIP stands for 'percentage in point' and represents the smallest amount by which a currency quote can change. The script explains that a change in the fourth decimal place of a currency quote, such as from 82.8875 to 82.8880, is a PIP, which is a basic unit of movement in the forex market and is vital for understanding price fluctuations and potential profits or losses.

💡Lot Size

Lot size refers to the quantity of currency being traded at one time. The video script discusses different lot sizes such as standard, mini, micro, and nano, and explains that in the context of currency futures traded through a Demat account, the lot size is typically 1000 units, which is a fundamental aspect of trading as it determines the scale of a trade and the potential risk and reward.

💡Futures

Futures are financial contracts that obligate the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price. The script mentions trading futures of currency pairs, which is a way to speculate on future exchange rates and is a key part of forex trading in India through a Demat account as described in the video.

💡Demat Account

A Demat account is an account that holds shares, bonds, and other securities in electronic form. The video script explains that forex trading can be conducted through a Demat account in India, which is significant because it provides a legal and regulated way to engage in currency trading within the country.

💡RBI

RBI stands for the Reserve Bank of India, which is the central banking institution of India. The script mentions that certain forex trading platforms are not authorized by the RBI for forex trading in India, which is important for understanding the regulatory environment and the importance of trading on authorized platforms.

💡Carry Forward

Carry forward in the context of trading refers to holding a position overnight or beyond the trading day. The script explains that if a trader buys a contract in carry forward, they can keep it until its expiry date, which is a significant aspect of trading as it allows for longer-term positions and different strategies.

Highlights

Forex trading allows up to 400 times leverage, enabling significant investment with a small initial amount.

A 1% increase in currency value can yield a 400% return on investment with high leverage.

The Reserve Bank of India (RBI) has declared many popular forex trading platforms unauthorized for trading in India.

A list of 75 unauthorized platforms for forex trading in India is mentioned, cautioning traders about their use.

The legal way to trade forex in India is through currency derivatives from 9 am to 5 pm via a Demat account.

Forex trading basics are explained, including the definition of forex and the concept of currency pairs.

An example illustrates the process of currency exchange and profit from changes in currency value.

Currency pairs are defined, with the base currency being the first and the quote currency being the second in a pair.

The significance of lot sizes in forex trading is discussed, with standard, mini, micro, and nano lots explained.

Leverage in forex trading is highlighted, with up to 50 times leverage available for currency futures.

The concept of PIP (percentage in points) is introduced to understand small changes in currency value.

A step-by-step guide on how to activate the forex segment in a Demat account for trading is provided.

The difference between trading currency directly and trading currency derivatives is clarified.

The importance of understanding contract expiry dates when trading currency derivatives is emphasized.

A live demonstration of forex trading through a Demat account is shown, including buying and exiting a trade.

The Forex market operates 24/5, but currency derivative trading through a Demat account is limited to 9 am to 5 pm.

A list of authorized forex trading platforms by RBI is provided for safe and legal trading in India.

Transcripts

You might have heard that in forex trading, you get to see

up to 400 times the leverage.

That means, if you are trading forex with Rs 1,000, then

you can buy a trade worth Rs 400 times that amount, i.e.

up to Rs 4,00,000.

And after this, if the value of the currency pair increases

by even 1%, then 1% of Rs 4,00,000 is Rs 4,000.

That means, you can earn Rs 4,000 by investing Rs 1,000.

Now, you must be very excited to hear that you can buy a

trade worth Rs 4,00,000 by investing Rs 1,000.

So, yes, it is possible.

But tell me one thing, how will you do forex trading in

India?

Because all the platforms that you have heard of, which are

called the trustable forex trading platforms by big

YouTubers and celebrities, on all those platforms, RBI has

drawn a circular and said that they are not authorized for

forex trading in India.

And here you can see, these are all those platforms, and

all the big names that you have heard of, you must be

thinking that no, no, that will happen.

They are also in this list and they are also not authorized

for forex.

You can see how big this list is.

And in this, you are getting to see a total of 75 such

platforms which are not authorized for forex trading. But

still, forex trading is going on on all these platforms.

And even many channels are promoting you for forex trading.

But still, if you want to do forex trading in India, then

according to me, the best and legal way is to do forex

trading in which you can do forex trading from 9 am to 5 pm

through your Demat account.

That is, trading in the derivatives of currency pairs.

That is, buying its futures or options, which I will show

you live today.

But because you are new to forex trading, then you may not

even know what forex trading is, what are currency pairs in

it.

So let's first understand the basics of forex trading a

little, so that when I show you all this live, then you can

easily understand everything. So let's first understand

what forex trading is.

So see, the term forex is made up of two terms.

One is foreign and the other is exchange.

That is, the exchange in foreign currency is called forex.

And when we do trading in this, then it is called forex

trading.

I know that you have not understood much.

So let's understand this with an example.

So suppose you go to the USA from India.

So which currency runs in India now?

In India, our rupee runs.

And in the US, the dollar runs.

So if you go to the US to buy something from Indian Rupees,

will you be able to buy it? You will not be able to buy it.

So you will need the dollar in the USA.

And for this, you will have to give your rupees and

exchange it in dollars.

So suppose you think that you will need around 4 lakh

rupees in the US.

So let's assume that the price of one dollar is 80 rupees.

So now how much rupees do you have in India?

You have 4 lakh rupees in India.

And by giving 80 rupees, you will get 1 dollar.

So according to this, if you divide your 4 lakh rupees by

80, then it will come out to be 5 thousand dollars.

So you will give your 4 lakh rupees and you will get 5

thousand dollars in the USA.

So let's assume that you converted your 4 lakh rupees into

5 thousand dollars.

And you reached the USA with this.

You roamed around in the USA, spent a lot.

Let's assume that you have spent a total of 5 thousand

dollars.

But in the end, you had 1 dollar left.

With that 1 dollar, you bought a ticket there.

And in that ticket, you got 5 thousand dollars.

That means when you are coming back, you have 5 thousand

dollars again.

So now when you come to India with this 5 thousand dollars,

then dollars won't work in India.

Money will work here.

So now you have to convert your 5 thousand dollars into

rupees.

But here you find that the value of rupees has increased

from 80 rupees to 82 rupees.

So now the 5 thousand dollars you have, these are converted

into rupees of 82 rupees.

And 5 thousand multiplied with 82 is 4 lakh 10 thousand

rupees.

So in this case, because the value of the dollar had

increased, that's why you got a profit of 10 thousand

rupees.

So in a way, if we look at this entire transaction, then

you first gave your Indian rupees and bought dollars.

And when the value of rupees increased, then you sold those

dollars and bought rupees again.

But this time, the rupees you got increased.

So this is forex trading, in which we trade in currency

pairs.

Now I have brought a new term here, currency pairs.

So what is this currency pair?

So whenever you are doing foreign exchange, then you cannot

do it in just one currency.

It is not like you buy the money and sell the money.

You will need another currency with it.

So for forex trading, you need two currencies.

Which in our example, we took Indian rupees and US dollar.

Similarly, you can do it in Euro, US dollars.

You can do Indian rupees in Japanese yen.

And you can do it in different currency pairs.

So if you want to trade in the currency pair of US dollar

and Indian rupees, then for this, you have to search for

USD.

And with this, you will search by writing INR.

So now the currency pair that has come out in front of us,

that is US dollar and Indian rupees. So in this, you can

see US dollar written in front.

And after this, you can see INR written.

So the first currency in this, which in this case is US

dollar, is called the base currency.

And the second currency after this is called the quote

currency.

So this basically shows that to buy one US dollar, which is

our base currency, how many Indian rupees to buy it, which

is our quote currency, you will need. So if I click on

this, then we can see that to buy one US dollar, we will

need INR 82.8875.

Now I have a question for you.

And the question is that if the value of this pair

increases from 82 to 83 rupees, then what does this mean?

So this means that the base currency, which in this case is

US dollar, has become strong. And our quote currency, which

in this case is Indian rupees, has become weak.

Whereas if this value decreases to 82 to 81, then here it

means that the dollar has become weak and the Indian rupees

has become strong. Now let's take another example after

this.

We just took US dollar and Indian rupees.

Now let's take Euro and Indian rupees.

So for this, I have searched for EUR and INR.

So here we can see that the currency pair of Euro and

Indian rupees has also come in front of us.

So if we want to buy this, then to buy 1 Euro, we will have

to pay INR 89.7350. Now here you must comment and tell

which is the base currency in this and which is the quote

currency in this.

Do comment on the things I am explaining to you so that I

know that whatever I am telling you, you are understanding.

So now you have understood what currency pairs are.

So now before doing forex trading, the next thing you have

to understand is the lot.

Look, when you are doing forex trading, it doesn't mean

that you will reach with 1 dollar and say that I want to

exchange this.

Or you want to exchange it according to 4 dollars.

So there are some lots for this.

So if you want to do forex trading, then you have to do it

according to the lot.

Which if you do directly in the currency pair, then you

will get to see in the form of standard, mini, micro, and

nano. But when you trade in its futures, then the lot size

there is of 1000 quantity.

For example, if you want to buy the currency pair of US

dollar and INR, then for this, you have to click on buy

here.

And after this, you can see how many lots you have to buy.

So if you want to buy 1 lot, then here you can see that the

size of 1 lot is 1000.

That is, you will have to buy at least 1000 dollars, whose

value is, because the value of 1 dollar is 82 rupees, then

here you will need 82,000 rupees. Now to buy just 1 lot,

you will have to pay 82,000 rupees.

So this is too much.

But you don't need to worry.

Because when you trade directly in currency pairs, then

there you get to see a leverage of up to 400 times.

But if you are trading in its futures, then you get to see

a leverage of up to 50 times.

Because of which, the 1 lot in which you have to buy 1000

dollars, that you don't get for 82,000 rupees, but you get

to see 50 times cheaper in 1657 rupees.

So see, if I have to buy 10 lots of this, then in 10 lots,

it means that 10,000 dollars, whose value will be 8.29 lakh

rupees.

That is, if I have to buy 10,000 dollars, then I should

have given 8.29 lakh rupees.

But that 10,000 dollars, whose value is 8.29 lakh rupees,

I can only buy them for 16,000 rupees.

Because here we get to see a margin of up to 50 times.

So this means that you don't need a lot of money to do

forex trading.

You can do forex trading with a small amount.

But tell me one thing, have you ever seen that the value of

1 dollar increases in just one day and goes from 82 to 90

or 100?

Or have you ever seen that in just one day, the value of 1

dollar increases from 82 rupees to 83 rupees?

So this can very rarely happen.

So the price of the dollar increases, you will only see it

increasing in some points.

And this is the reason that the value of the dollar here,

you are getting to see up to 4 decimals.

Let's understand this with an example.

Let's say that the price of US Dollar and Indian Rupees is

82.8875 rupees.

Now if this price increases to 82.8880 rupees, then in this

case we will say that the percentage in points is 5.

This means that the change in the fourth decimal of the

price is called PIP.

So just like you get to see a change in the price in the

stock market, you get to see more changes in the options.

Similarly, in the forex market, because the price is not

82.83, but the change in the fourth decimal is called PIP.

And with this change, we earn profit.

If you are liking the video, then do like the video.

And yes, if you want to learn about the share market in

detail, then do subscribe to our channel.

Because if you don't subscribe, then you may never see our

video again.

So now let me show you a live trade.

In the meantime, I will explain a lot of things to you.

So watch very carefully.

So see, if you want to do forex trading, then you have to

open your Demat account.

And in the Demat account, you have to take care of one

thing, that your forex segment should be activated.

So for this, you have to go to your account.

By the way, if you want to open the best Demat account for

trading, then I have given some good Demat account links in

the description, which I also use.

So do check the description.

If you want to check whether your forex segment is

activated or not, and if you want to activate that segment,

then for this, you have to go to your profile.

And after going to the profile, you will see an option of

derivative trading at the end.

You have to click on it.

Now as soon as you click on it, you can see here that our

currency segment is activated.

This means we can trade in forex.

In addition to this, mutual funds are also activated.

Futures and options are also activated.

If you want to activate futures and options, or if you want

to activate the currency segment, then for this, you have

to give your 6-month bank statement.

And after giving that, you can trade in futures or options.

So because our segment is activated, this means we can

trade in forex.

So now if you want to trade in forex, then whichever

currency pair you want to trade in, you simply have to

search that currency pair here.

Like if you want to trade in USD and INR, then you can see

here that the currency pair of USD and INR has come out.

Now you have to understand a few things here.

First of all, you can see here that this is USD and INR.

But next to it, you can see an NSE CD.

So this means NSE Currency Derivative Segment.

I have told you that we are not trading directly in forex

here.

We are trading in its derivatives.

This is why we are able to trade through our Demat account.

So if you trade in stock, then you do it through NSE BSE.

Similarly, here you can trade through NSE CDs.

The second thing you can see here is a date.

In this case, it is written as 23rd February.

Here it is written as 27th February.

Here it is written as 1st March.

Here it is written as 7th March.

So what are these dates?

So if you were trading directly in forex, then you would

not be able to see any such date there.

But because we are trading in its derivatives here, then

for every derivative, whether you trade in futures or

options, it has an expiry.

So this date you are seeing here is the expiry of this

futures contract.

That is, this contract will expire on this date.

So this contract will expire on 23rd February.

This will expire on 27th February.

This will expire on 1st March.

This will expire on 7th March.

This will expire on 15th March.

So this means that if you buy this contract, then you can

keep it till 27th February.

You can keep it till 1st March.

You can keep it till 7th March.

And this contract of 23rd February, because today when I am

recording this video, today is 23rd February.

So we will have to sell it today itself if we trade in it.

And there is a small difference here.

Like if we look at its price,

US dollar of 23rd February, then its price is 82.8875.

But if we look at the price after this, like USD INR of

27th February, then its price is 82.8975.

If we look at the price after this, then its price is

82.9125.

If we look at the price after this, of 7th March, then its

price is 82.9300.

So now you will say that

US dollar and Indian Rupees are the same.

Then why is there such a difference in their price?

So see, here I will clear it to you that this is actually

not the price of US dollar and Indian Rupees.

This is the price of this contract.

If you want to know the actual price, if you want to know

the actual price of US dollar and Indian Rupees, then for

this, you will have to look at its chart, which you will

see in the trading view website.

And you can see that we have opened its futures here too.

If I want to see the price of US dollar and INR, then I

will simply have to search for US dollar and INR.

And here we can see the price of US dollar and INR, which

is now running at 82.8875.

And here you can also see a change in its price.

You can see that its price is also changing very fast.

You can see the increasing price.

So keep it so clear that you are not trading directly in

this currency through your Demat account in Forex, but you

are trading in their contract.

So when you are trading in their contract, then the

contract that is going to expire today, you have less time

in that.

So that's why its price will be less.

The more time you have, the more the price will increase.

So if you want to buy any currency pair, then instead of

analyzing its chart here,

I will tell you to go to the trading view.

Because here you will see the chart of that currency pair.

Whereas you are seeing the chart of its futures in your

Demat account.

So it will be better for you to see this.

So if you feel after doing the analysis that the price of

this currency pair can increase, in most of the cases, we

are showing you US Dollar and Indian Rupees.

But let me tell you that there are many other currency

pairs.

Like Euro and Indian Rupees,

Great Britain Pound Indian Rupees,

Euro-US Dollar, GBP-US Dollar, and you can also see

currency pairs like US Dollar and Japanese Yen.

But in most of the cases,

I am showing you US Dollar and Indian Rupees because this

is the currency pair that trades the most in which you get

to see the most volume.

And apart from this, let me tell you one more thing that I

am showing you the futures chart here.

But you can also see the option chart of this.

If we go down, you can see the call and put here.

So you can buy this in the form of an option.

But because there is not much volume here, it is better

that you buy its futures.

So if you want to buy this and you feel that its price is

going to increase, then you have to click on it.

And after this, we are getting the buy option here.

Now, as I told you, we get to see 1000 quantity in one lot.

So if I buy one lot of this, then if we look here, then you

can see that its value is Rs.

That is, the value of this contract is around Rs.

82,000, which I am getting for Rs.

And this is because here we get to see a margin up to 50

times.

I am buying this just to explain you an example.

Here we may have a profit or loss, but you will see this

just to understand.

So here I am buying 9 lots.

And you can see that the value of these 9 lots, if I show

you, then it is Rs.

7.46 lakh.

But how much am I getting this?

I am getting this for only Rs. 14,946.

And this is because you know that we get to see a margin up

to 50 times in this.

So now if you want to buy this, then if you want to buy the

price here, then you have to click on your market.

And if you think that its price can go a little lower, like

if you think that I will buy at Rs.

82.9025, then you can also put a limit price on it.

But I am making this video just to explain you, that's why

I am buying at the market price.

And along with this, you also get the option to put a stop

loss here.

So you can also put a stop loss together.

So if you want to buy, then you simply have to click on buy.

And after that, as soon as you click on confirm buy, then

you can see that our order has been executed here.

And I had bought it at Rs. 82.9050.

And now its price is Rs. 82.9025.

Now its price has increased by about Rs. 25.

And we have come to no loss, no profit.

If its price increases a little more, then we can see more

profit.

Here you don't get to see as much high volatility of option

trading.

So don't think that you will see a big profit suddenly.

You will see a big loss suddenly.

Here you will see a little profit or loss in time.

For example, here you can see a profit of Rs. 22.50.

I had bought it at Rs. 82.9050.

The price has increased to Rs. 82.9075.

That's why we can see a little profit here.

Now let me clear a point here.

The Forex market runs for 24 hours and 5 days.

But because we are trading in its derivative, and that's

why we are trading in Forex from our Demat account, then

its timing is from 9 am to 5 pm.

And if you buy it in intraday, then you have to exit it at

4.45 pm.

But because I have bought it in carry forward, then I can

keep it till its expiry on 27th February.

Now our profit has increased to Rs. 45.

Now the profit has increased a little more and it has

reached Rs.

Now you can see that the profit has increased to about Rs.

90.

So because I have made this video just to explain to you,

that's why I am exiting this trade here.

So here I have clicked on exit.

And we can see that the profit has increased to Rs. 90.

Apart from this, if you want to buy directly,

If you want to trade in the forex market, then you can see

the names of the platforms which are authorized by the RBI

to trade forex in India.

You can see the names of the platforms here.

These are clearcorp.co.in, 360t.com, you can see a website

here and you can also see Bloomberg.

Apart from these, the forex trading platforms operating in

India are not authorized by the RBI.

So, it is better not to trade in forex through these

platforms.

I hope you liked the video.

We have given you genuine information for your benefit.

People misguide you by giving wrong information for their

benefit.

So, please like our video and share it with as many people

as possible.

If you want to trade and you want to see a lot of

volatility, you want to see a lot of profit and loss, then

there is an option called options trading.

We have taught you about it in detail.

You can see the complete playlist of it here.

If you want to open a free Demat account, then the link is

given in the description.

Thank you.