India Forex Trading Potential, Forex trading Benefits in India
1. Flexibility to Users
Finally people in India started understanding the potential of forex trading. You know the forex trading started official in 29-Aug-2008 since that now India becomes 4th rank trading in Currency. So people started looking it as an option for investment/business perspective.
2. Currently Forex Trading has world’s largest financial market as per the survey on 2011, this was the highest turnover on daily basis i.e. 4 trillion dollars. People are making career through this. Currently for India daily turnover volume is rupees 50Cr, which is higher than the commodity market (20 cr daily turnover) and catching up the equity market (110Cr daily turnover). It’s going to the feature of India.
3. Very Safe: Equity and commodity markets are govern by SEBI (Security board of exchange India) authority
Whereas the Currency market is govern by SEBI + RBI (Reserve bank of India). In India nationalize bank’s has permission to do trading in Currency market. But still they don’t have permission to do trading in equity or commodity.
4. India Forex market is made for a common man
In case of equity market the particular company share has lot of influence on other non-correlated things. Like as consider the case where company share prize is 1000rs, even though the company is performing well and doing well but other factors like politicians, big business man, other countries, nature calamity can change the share price drastically from 1000rs to 500rs or 5000rs with a day time. Begin a common man we can’t understand/analyses this factor, results in major loss on capital invested.
Currency used as a metaphor for economical mirror image of every country. The particular country will not allow changing the currency rates drastically. That shows here prediction is possible.
5. Predication is Possible
With above discussion it’s clear that the currency rates will not change dramatically. So for common man it’s easy to understand the movement of market. If any of us able to understand market movement, what will happen? You will become next billionaire. It’s that way easy. For any business if you are able to predict the future you are the winner!!
6. Low Investment to start with
It hardly requires 3,000/- rupees to start trading in currency account. This money is sufficient to understand the market movement and market trends. Understanding how to use market signals how predications are made. Once you gain confidence then you can increase this amount as per your need.
Whereas in equity you must have to invest 25,000/- rs or more to understand how money flows, how to trade & things like that.
Really speaking Forex market is meant for you a person who are lazy and want lot of returns on their investments.
If you are really interested and looking for a reliable source to start with the forex trading in India, please click here ForexbusinessIndia & submit your details.
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Forex Trading compare with Equity Market in India !!