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Invest In Equities Effortlessly
Open your free All-in-One trading account with zero hassle!
Invest In Equities Effortlessly
Open your free All-in-One trading account with zero hassle!
Currency Derivatives are Future and Options contracts which you can buy or sell specific quantity of a particular currency pair at a future date. It is similar to the Stock Futures and Options but the underlying happens to be currency pair (i.e. USDINR, EURINR, JPYINR OR GBPINR) instead of Stocks. A call option contract of USDINR of expiry 27th Jun, 2017 for Strike Price ‘46’ will be represented by symbol ‘OPTCUR-USDINR-27JUN2017-46-CE’. It is not only a good investment option but there are multiple benefits of currency trading in India as well.
Currency is traded in pairs unlike the stocks, where you can buy or sell a single stock. While trading in Currency, you have to buy one currency and sell another currency in the forex market.
To start trading Currency online you will require opening a trading account. You can easily open your Trading account with Indiabulls Securities within 15 minutes and start trading the same day.
The most popular cross currency pair available for trading are Dollar- Rupee (USD-INR), Pound- Rupee (GBP-INR), Yen- Rupee (JPY-INR), and Euro- Rupee (EUR-INR) etc.
Currency trading is a 24-hour market that is only closed from Friday evening to Sunday evening. There are three sessions that include the European, Asian and United States trading sessions. Indian Currency market trading hours are from Monday to Friday From 9:00 a.m. to 5:00 p.m.
The base currency (transaction currency) is the first currency appearing in any currency pair quotation, followed by the second part of the quotation, called the quote currency (counter currency).
