How to do Foreign Exchange in India "A Guide to FOREX Trading"

How to Do Foreign Exchange in India ? " A Guide to FOREX Trading"

Doing Foreign Exchange in India is really a good opportunity for Businessman to earn a Lucrative returns. Foreign Exchange market is really big and their are transactions of nearly Trillions of dollars in a week at the New York head office. In India Foreign Exchange Trading is a little bit harder because Reserve Bank has made many regulations for Foreign Exchange Trading.

The origin of Foreign Exchange Trading in India could be traced to the year 1978 when banks in India were permitted to undertake intra - day trading in Foreign Exchange, but the trader must has a minimum amount of  Rs.6 million, but now this rule has changed and anybody can trade in Foreign Exchange.

During 2003 - 2004 the average monthly turnover in Indian Foreign Exchange market touched about 175 billion US Dollars. Compare this with the monthly trading volume of about 120 billion US dollars for all cash, derivatives and debt instruments put together in the country, and sheer size of Foreign Exchange Market in India becomes evident. Since then, the average Foreign Exchange activity in India has more than doubled with the average monthly turnover reaching 359 billion USD.

So after reading the above figures we can easily conclude that how big the Foreign Exchange Market in India has became since its origination. If you want to invest in Foreign Exchange Market then the first thing you need is to open an account with the Foreign Exchange Trader agencies available online. You can register with these Foreign Exchange Trading agencies online, and after your registration with Foreign Trading agencies you have to deposit a margin amount. You can deposit your amount by various options like wire transfer or with your credit card.

It is not advisable to create a real account if you are a beginner rather you can open a demo account to know the perspectives of Foreign Exchange Trading in India. FOREX4YOU is a great site to open a demo account for Foreign Exchange Trading. 

If you need to know the Associated Banks who deal in Foreign Exchange Trading in India then you can visit FEDAI's (Foreign Exchange Dealers Association of India) official website from here :--

Foreign Exchange Dealers Association of India 

Their are many Strategies and Concepts to Learn Foreign Exchange Trading and this post is not essential to learn each and every concept so we have an E - Book through which you can learn all these concepts and strategies you can buy this book at Amazon. Go to this Link to immediately load your copy of an E - Book: --

 How to Do Foreign Exchange in India ?

This book has been written for Foreign Exchange Trading in India, instead you can use this book as a Guide to Foreign Exchange Trading no matter from which country you belong because the last part including 9 Chapters are necessary for every beginner Foreign Exchange Trader who need a proper guidance to learn Foreign Exchange Trading NO MATTER! what are your demographics. So buy this book and read it to learn best practices for Foreign Exchange Trading.

This book is a Kindle version. You can easily read this book on your Kindle device, or if you don't have a kindle device than you can download Kindle for PC from here

Kindle for PC

Once you install Kindle for PC you can read this E - Book from your PC or a Laptop.

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By Vinay with 1 comment

How to Maximize your earning in Forex Trading: - Forex Trading Secrets

Forex trading is sometimes a bit tricky and leave you in a awkward situation and lead to a great loss. So if you are a newbie and looking for some good techniques that you should take then follow these simple steps

The first thing to maximize your earnings is to trade by minimizing your risks. Whenever you intend to trade you should apply the hedge button on your trading platform.

   1.       Open a trade to BUY and set your stop loss at 15 – 20 pips or less depending on your risk tolerance. You need to worry about setting a take profit.

   2.       Now open a trade to SELL. Set your stop loss again the same as the stop loss in your buy order. By this way you are actually hedging your position because you will definitely hit your stop loss at a level you feel comfortable while watching the market movements.

3.       Modify your trades. If the market is really volatile with large jumps in pips you can set a higher take profit.

Make sure you are trading a currency pair that is experiencing a great deal of movement. The USD/JPY pair is a good one.

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By Vinay with No comments

Pound Strives Higher as UK Retail Sales Expand

 The Great Britain pound advanced after the report showed that the retail sales in Britain unexpectedly rose last month, refueling talks about possible increase of the interest rates by the central bank.

The UK retail sales increased by 0.2 percent in March on month-on-month basis, following the drop by 0.9 percent in February. This report surprised analysts, who expected a decrease by 0.5 percent. The public net borrowing was £18.6 billion, in line with forecasts.

You-na Park, a currency strategist at Commerzbank AG, explained the potential changes of the interest rates:

We have speculation about a Bank of England rate hike this year, maybe in the middle of the year, but the Federal Reserve will probably keep its expansionary stance and we expect the first hike only in the beginning of 2012. The BOE will probably begin its tightening this year so the pound is able to gain against the dollar.

GBP/USD traded at 1.6515 as of 2:30 GMT today after it jumped from 1.6407 to 1.6520 yesterday. EUR/GBP traded near 0.8810, following the drop from 0.8848 to 0.8806 on the previous trading session.

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By Vinay with No comments

How to Get Rich With FOREX

Guide to Getting Rich with Forex Robots

How to make $20,000 to $50,000/month from FOREX  Robots ?

You would be quite excited after reading the heading of this article, actually it is exciting and even I didn't believe it."Guide to getting rich with FOREX Robot" is a site which is explaining this strategy. They are also giving a free E - book regarding this so if you want to go to their site and grab your copy:--

Guide to Getting Rich with FOREX Robots

Now let me tell you in brief what actually are they talking about:--

This site comes with a new strategy called Forex Signaling in which you can make stable income without giving any percentage of returns.

What actually are Forex Signals ?

The operation of Forex siganls is quite similar to Forex robots as far as the subscriber is concerned. A person has to subscribe to a Forex Signal form a specific website. Then when that signal provider makes a trade, the subscriber will receive some sort of automated or manual notification with the trade details.

It's a simple way to copy some one's trades, but with their permission of course.Many signal providers will give you an Expert Advisor for Metatrader 4 which simply receive this signals and then places the trade automatically for you.

Now the difference between simply buying and trading with the Forex Robot to Forex Signals is that when trading with your own Robot on your own machine the logic of trades are being determined by the Robot you have installed on your end. This means you have one automated Robot making all the calls.

When you trade with the Signal provider you are copying the signal providers whole account and this means you are replicating his manual trades along with his automated trades, and not only that you are very likely trading based on his entire fully optimized "Portfolio" of Robots.

How do I get paid ? 

(1) Charging a Fee to provide Signals:-

Most signal providers "rent" the use of their signals on several signal distributing websites. It's actually quite simple. All you do is run an expert Advisor on your Metatrader trading platform which sends your trades to the signal distribution website. The signal distributor then forwards those signals out to your lists of subscribers.

Fee are typically paid per subscriber per month. So if you charge $50 per month for some one to use your signals via X signal distribution website, then you get that amount minus the signal distributor's commission.

Any way, this is a great way to make money with your signals. So if you charge $50 per month for some one to use your signals and you could have 200 subscribers each paying $50 per month, minus signal distributor's commission assuming 25% you could get $37 per subscriber which totals to $7,500 per month. 

(2) Broker commissions on trades your Subscribers makes:--

This income model is quite different than the one noted above, but actually holds a lot more potential if you used it correctly, this is how it works:-

When anyone takes a trade you pay a "Spread" or commission on that trade to the broker. That spread could be 1-5 pips or more depending on the broker and the particular currency pair.

There are signal distribution sites that do not charge subscribers a monthly fees to use the signals. That means you provide signals with 0 monthly fees to any one that wants to use them.

However once they start using that signals, you will receive part of their spread for every trade they make. Typical commissions are 0.5 pips per lot traded. So if one of your subscribers uses your signal to place the signals to place a trade using two standard lots(assuming the value is $10 per pip), you would make $10 on that signal trade.

Imaging for a minute that you have a subscriber trading one standard EURO/USD pair lot for each trade you send him and you send him 50 trades per month, that means you make $5 commission per trade *50 trades, which equals to $250 per month. Since it comes out of spread, he just pays a little each trade instead of feeling like he has to pay a massive monthly fee to use signals.

For more information visit the site:--

Guide to Getting Rich with FOREX Robots

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By Vinay with 1 comment

FOREX Trading Market Future in India

Forex Trading Rules in India:--
Foreign Exchange in India is rather strict because of foreign currency exchange policy – even though many liberalization measures have been taken recently, it’s still an economically isolated, or highly protected country. Indian currency  - rupee, is highly regulated by the national banking authority – “Reserve Bank of India” so Indian citizens still cannot freely exchange rupee to other currencies, they have to prove their need and there are annual limits for different needs.

However, because of the globalization there is a definite need to open the economy, so Reserve Bank of Indian has finally allowed currency futures trading. Speculative Trading became a permissible operation too, since it become impossible to ask for a proof of a hedging need.

One of the important changes in regards to Forex Trading is that in year 2008 Reserve Bank allowed currency futures trading.
You must note that Indian Brokers are only allowed to provide USD/INR pair at the moment. 

In order to trade in Forex one has to convert currency first because there are no interesting pairs with rupees (in fact, there are pairs with rupees appearing now but they are not going to be very popular among Forex traders due to a number of factors), but in India there is no free conversion of the national currency! Luckily, RBI has been softening foreign exchange rules in recent years and now every Indian is allowed to exchange rupees for up to 200,000 USD per year without giving any justification. So one can say - voila, any Indian can trade in Forex for this amount now.

But RBI guidelines say that Indian citizens cannot use this 200,000 allowance for margin calls. What is a margin call? Margin call is the amount you put on your balance at the Forex broker! So basically, you cannot transfer money for Forex trading, even though you can make transfers in general.

There is very good option to use online currencies like "e - gold". As they are not regulated by any Governments or we can say legally they don't exist, so you can use them without breaking any rules, but if you face a problem with your broker your Government couldn't help you because their is not any legal existence of this type of currency. 

FOREX Trading in India is becoming more and more popular, it has face some decline because of some scams but still we can say that Foreign Exchange market will come up with this after some time, but still it does have a huge potential for you to either make a lot of money or lose a lot. If you have been around the market awhile you will realize that not all Forex Brokers are equal, and in fact some broker being just plain rip off merchants. This can be a major turn off for many new investors, the fear of being ripped off by Forex Broker.
So how can you find a good Forex Broker if you are trading from India ? The great news is that there are some awesome Forex brokers in the market. A good place to start is finding Forex Brokers as a referral or through a company that knows a lot about Forex Brokers.
Now if you don’t feel comfortable with that and you want to do all the hard work of researching brokers yourself, then here is a list of things to look about when looking for a great Forex Brokers.
1.    Find and validate the companies reputation, see what license they hold.
2.    Make sure they are tied to FOREX legitimately.
3.    If the company has just started stay away, they may be fly by nighters.
4.    What sort of spread do they offer?
5.    Do they offer stop losses?
6.    What is the Slippage?
7.    Where is the money held?
If you follow these simple steps then sure they could benefit in the long run of this Foreign Exchange Trading market.

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By Vinay with No comments

FOREX Bullet Proof, Great Robot For Beginners

For you Traders who want to make some good profit in Foreign Exchange Trading here is an another Robot that can maximize your earning. Some of the great features about this software which make me write a review about it are following:--
Crisis Proof:- This Robot against its counterparts is capable of re – adjusting to the changing market conditions. Should the market suddenly become too volatile, the volatility filter will intervene and take the robot to an early exit. The bot also adjusts automatically to the conditions of a specific brokerage, being compatible with the instant execution brokers and the market executions ones.
Low Investment:-- The current minimum to start trading with the robot on the EUR/USD pair is as low as $450. Only if the user wishes to trade on both EUR/USD and USD/JPY, will he/she need to have a minimum $4,000 in the trading account.
Easy Setup:-- FOREX Bullet Proof is an easy to utilize “set and forget” robot. No complex lists of settings to be entered, no multitude of files to be placed into various folders, no need to watch the robot during trading.
No Liquidity Issue:-- FOREX Bullet Proof trades during the market hours and not between them, like many other FOREX Robots. This aspect ensures sufficient liquidity at all times, no matter what the situation on the market is and how many people are using the robot. The liquidity during the Forex market hours totals in the trillions of dollars. Therefore, even we have millions of people using the bot at the same time, it would not affect the currency market in any way.
No Margin Calls:-- The drawbacks in the process of trading are minuscule and quickly recovered because the robot will never produce a margin call. If things in the market get out of hand or a strong unexpected trend suddenly emerges, the subsequent trades in the robot’s trading cycle will re – hedge the initial ones and the cycle will be closed immediately.
Careful and safe Trading Environment:-- The robot’s trading hours and day’s are carefully selected based on the time zone differences between the closing and opening times of stock exchanges in different parts of the world. That’s why the Robot is always overall in profit no matter what the current situation in the market. The time of the Robot’s market entry is set to a fixed time of the day, during which the massive asset transfer from US stock exchanges to the European ones takes place.
Flexible Trading:-- It trades in two popular majors – EUR/USD and USD/JPY which are offered by pretty much every broker in the market. Moreover, the spreads on these two pairs(mainly because of their popularity) are marginally low, which further serves to the user’s advantage.
Auto Adjusting to Evade Errors:-- If a news release suddenly hits the market and a broker drastically increase its spread in response, Forex Bullet Proof recognizes if and automatically cuts the starting lot size for its trading cycles and once the spread is back to normal, trading with the standard starting lot size resumes. This aspect prevents the Robot from being unable to close the cycle of time because of the suddenly increased spread.
So if you are willing to get more and more profit from your Foreign Trading Account then grab your copy:--
Forex Bullet Proof

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By Vinay with No comments

FAP Turo Expert Guide for FOREX Traders

  For you people who are new to Foreign Trading and are willing to make a great profit but you don’t have an idea from where to begin your campaign and what should be your strategy or game plan so as to maximize your potential of investment then there is a very good guide in the market to give you a step – by – step guidance of how to become successful investor in Foreign Exchange, remember some times it becomes very difficult to choose which currency to choose and at what time you have to make investment to earn a good return.
FAP Turbo is a very good site giving you a proper guidance in FOREX trading, they are running a free FOREX Robot Scam School to expose the ways some unscrupulous robot vendors are destroying your trading accounts and what you can do to stop them and save protect your profits.
FAP turbo has faced the Sure Fire Trading System Challenge, the most reputable and longest running FOREX trading competitions in the world and this is how they have survived:-
1.    Started with 1200 trading systems.
2.    Imposed strict rules to ensure honest competition.
3.    Round 1 competition weeds out the junk system.
4.    Top 50 systems moved on to round 2.
5.    Round 2 competitions with real money, eliminates all the very best of the best.
FAP turbo recently released a new FAP Turbo 50 which supports a new pair, the GBP/USD. The new release is generating a lot of for EA Traders as its performance is quite good. Along with the new GBP/USD pair FAP Turbo has also changed their settings for the EUR/CHF and the USD/CAD.
FAP Turbo, and all scalper systems work best with low spread brokers.
FAP Turbo comes in two different packages to choose from:--
FAP Turbo Expert Guide
For The people who are new to FOREX Trading can try the Discount Version of FAP Turbo:--
FAP Turbo Expert Guide Discount
FAP Turbo & NFA No - Hedging Rule
There is a new no-hedging rule coming down the line for brokers who are members of the NFA. This has caused a lot of discussion and confusion for traders, including FAP Turbo traders. Web traffic surounding this issue is going to increase significantly. The following link points to a post describing the issue as it pertains to FAP Turbo. FAP Turbo & NFA No - Hedging RuleFor you people who are new to Foreign Trading and are willing to make a great profit but you don’t have an idea from where to begin your campaign and what should be your strategy or game plan so as to maximize your potential of investment then there is a very good guide in the market to give you a step – by – step guidance of how to become successful investor in Foreign Exchange, remember some times it becomes very difficult to choose which currency to choose and at what time you have to make investment to earn a good return.
FAP Turbo is a very good site giving you a proper guidance in FOREX trading, they are running a free FOREX Robot Scam School to expose the ways some unscrupulous robot vendors are destroying your trading accounts and what you can do to stop them and save protect your profits.
FAP turbo has faced the Sure Fire Trading System Challenge, the most reputable and longest running FOREX tradingcompetitions in the world and this is how they have survived:-
1.    Started with 1200 trading systems.
2.    Imposed strict rules to ensure honest competition.
3.    Round 1 competition weeds out the junk system.
4.    Top 50 systems moved on to round 2.
5.    Round 2 competitions with real money, eliminates all the very best of the best.

FAP turbo recently released a new FAP Turbo 50 which supports a new pair, the GBPUSD. The new release is generating a lot of for EA Traders as its performance is quite good. Along with the new GBPUSD pair FAP Turbo has also changed their settings for the EURCHF and the USDCAD.
FAP Turbo, and all scalper systems work best with low spread brokers.
FAP Turbo comes in two different packages to choose from:--
FAP Turbo Expert Guide
For The people who are new to FOREX Trading can try the Discount Version of FAP Turbo:--
FAP Turbo Expert Guide Discount
FAP Turbo & NFA No - Hedging Rule
There is a new no-hedging rule coming down the line for brokers who are members of the NFA. This has caused a lot of discussion and confusion for traders, including FAP Turbo traders. Web traffic surounding this issue is going to increase significantly. The following link points to a post describing the issue as it pertains to FAP Turbo.FAP Turbo & NFA No - Hedging Rule

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By Vinay with No comments