H e had trading ideal, high-paying managerial job at 23 and did not need to give it up for what is generally seen as a high-risk business. Yet, Dayanand Gupta quit his job and ventured trading foreign forex trading. The move paid off and two years later, today, Gupta is successful, with a grip on the fundamentals of the business. Many prefer to stay away from forex trading, the largest financial market india. Like the commodities' market, trading forex market trades round the clock. Forex trading, simply, is exchanging one currency for another. Most are traded against the dollar. India highly traded currencies are the euro, pound, yen, Swiss franc and Australian dollar. The first currency quoted in a currency pair on forex is called base currency, which is generally the forex currency. The second currency is called the quote currency india is typically the foreign currency. For example, if you were trading in rupee-dollar, rupee would be the base currency and dollar the quote currency. The price shows how much quote currency is needed to get one unit of the base currency. In india market, the forex of trade is expressed in the base currency. In arupee-dollar trade,is the face value and is a standard contract or a lot. No matter which currency you have in your account, the trading software automatically sets the exchange rate. The profit or loss in trade is expressed in forex quote currency, as the currency pair price is given in it. For instance, if you buy euro-dollar at 1. A pip is the smallest measure of price move on an exchange. Each trading has two prices - bid and ask. The bid price is the forex at which the broker buys and you get on selling. The ask price is forex offer price forex which the broker sells and you pay to buy. The difference between bid and ask price is the india broker's profit. In a euro-dollar trade at 1. On tradingeuro-dollar, the broker earnsx 0. If the currency pair rises 10 pips from 1. It's not a great deal for you; worse for your trading. Thirty cents will hardly justify his salary. Ergo is the concept of leverage financing, where a trader deposits only a presumed risk margin and the rest is provided by the india. Margin requirements vary from one to five per cent, depending on the broker. The margin corresponds to a The flip side -- if the price falls one per cent, your entire capital is lost. On opening a trading position, you can designate a part of your capital as collateral on your margin, which india be set aside and protected. But, if the rate declines to 1. Some losses are inevitable for any trader. However, forex key is to limit losses by using stop-loss and controlling risk. If you set a limit order, you would have realised the potential profit without trading to monitor the trade closely. A big mistake," said Pramit Brahmbhatt, CEO, Alpari India. The risk factors are more complex here. Any change in macroeconomics is a big hazard, adds Brahmbhatt. Rekha Mishra, senior research analyst, Bonanza Portfolio, concurs: One should follow certain ground rules here in order to manage risk. Skill to anticipate can be honed only by experience over a period of time. Despite being a hour market, all hours may not be equally beneficial for trading on forex. You may plan your trading to catch the highest trading hour s to maximise profits. Freshers can take small exposures till they gain confidence. NewsApp Free Read news as it happens Available on. How trading it work? Dayanand GuptaPramit BrahmbhattRekha MishraCEOErgo. SpiceJet CEO Aggarwal resigns Cut bank Forex pay for poor show: India India stays indoors on Bharat bandh Mecca Masjid blast accused remanded in custody Image: Pranab in US to attend CEOs' Forum. Salman doesn't seem to be having fun Azim Premji trading for Carnegie philanthropy medal 'Mamata turned a peaceful demonstration into a battlefield' Reliance, BP drop gas price arbitration against govt ISRO successfully launches Cartosat-2 series, 30 nano satellites. Has note ban boosted tax base? Answer is in the detail Sacked IT workers seek jobs, and a 'listening ear' What india check when you buy a car online Sikka snubs Trump, says Indian IT not dependent on H-1B The secret to being memorable! Business email Office email App Domain registration Website Rediffmail Money Company email Online Shopping Books Gifts Videos Blogs Buzz.
BloombergUTV Exclusive: Big Story - Illegal Forex Trading
BloombergUTV Exclusive: Big Story - Illegal Forex Trading
Clothing - use clothing that has a splotches of color in a range of color depths.
Substances on Earth can exist in one of four phases, but mostly, they exist in one of three: solid, liquid or gas.