How much does a forex trader earn in India?

Forex Trader salary in India ranges between ₹ 1.5 Lakhs to ₹ 21.8 Lakhs with an average annual salary of ₹ 4.7 Lakhs. Salary estimates are based on 24 salaries received from Forex Traders.

Can I make money in forex trading India?

Currency trading participants comprise banks, corporations, central banks (like RBI in India), investment management firms, hedge funds, retail forex brokers, and investors like you. Forex trading is a legitimate way to make a profit.

How do you get paid from forex trading?

In return for executing buy or sell orders, the forex broker will charge a commission per trade or a spread. That is how forex brokers make their money. A spread is a difference between the bid price and the ask price for the trade.

Is Forex banned in India?

Although Forex trading is permitted in India, citizens are not permitted to do so via electronic and online Forex trading platforms. This is different compared to other countries, as most international Forex trading activity is conducted electronically/online.

Which app is best for Forex trading in India?

Best Forex App in India – Find the List of Top 10 Forex Trading Apps

Rank	Best Forex Apps
1	IQ Option App
2	XM App
3	iForex App
4	Alpari App

How to do forex trading in India?

Forex Trading can be done with register Indian brokers. Most commonly used exchanges are MCX-SX – Multi Commodity Exchange and NSE – National Stock Exchange. At the international level exchange, COMEX is used as regulators.

What is the best platform to trade Forex?

1 FOREX.com: Best Overall. The Forex.com online platform is designed to provide its users with safe and low-cost forex trading. 2 Pepperstone: Best for Fees. Pepperstone offers low trading fees and an easy account opening process. 3 eToro: Best for Copy Trading. 4 AvaTrade: Best for FX Innovation. 5 OctaFx: Fixed Spread Accounts.

What is the process of forex trading?

The process of forex trading is completely online. Forex Trading is same as that of equity trading. In equity trading rate of share matters while in forex trading exchange rate matters. You can buy or sell currency pair as per your expectation of movement in currencies. Please refer to the example given below for better understanding.

What is trades in foreign currency?

Trading in foreign currency is known as Forex Trading. You might have noticed that the value of the dollar is going up every day. Dollar exchange rate was Rs. 62 before few days and now it is Rs.75. Investors willing to take advantage of this appreciation in short and medium term can participate in currency trading.