Forex trading hours in india

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forex trading hours in india

Forex trading is not completely illegal in India, but it is restricted to certain currencies, which are paired against the INR as well as some of the 'cross currencies'. In India, you can trade within the brackets of USD-INR, YEN- INR, GBP- INR and EUR-INR pairs. In cross currencies, you can trade within EUR-USD, GBP-USD, and the USD- JPY pairs. CFD and Forex market hours mostly imply the operation hours of world trading markets – London Stock Exchange, New York Stock Exchange, Hong Kong Stock Exchange, Tokyo Stock Exchange and others. Since the markets are situated in various locations and time zones it becomes complicated to track trading hours of various instruments. The forex market is available for trading 24 hours a day, five and one-half days per week. The Forex Market Time Converter displays "Open" or "Closed" in the Status column to indicate the current state of each global Market Center.


Forex Trading Hours in India - Forex Education


Many people even today remain confused about whether Forex trading is legal or illegal in India. Well, it forex trading hours in india out that it is half-way legal, and that trading currencies is allowed if the traded currency pair includes the INR Indian Rupee.

In fact, only four currency pairs can be legally traded in India. Trading including always the INR is aimed at strengthening the currency and avoiding further weakening.

If the majority of Indians traded the dollar which is the most traded currency outside of India, the Forex trading hours in india would come to a point to be compelled to buy the USD with INR at cheaper rates. That would weaken the already weak national currency, and the Indian government tries to prevent devaluation of the currency.

Still, Forex is a highly decentralized market hard to track down, and many European and American brokers established their seats in India and run their businesses normally for their European, American, and other non-Indian clients.

Indian traders are allowed, but at their own risk. International Brokers and Restrictions for Residents Internationally established brokers are not illegal, only Indian citizens are not allowed to use online platforms, and are restricted to trading with INR and SEBI registered brokers. If the international brokers fit this profile, Indians can trade freely.

This is also one of the reasons why global brokers profit with regional offices in India. India is one of the countries with the biggest gap between the rich and poor, forex trading hours in india, but that does not affect Forex companies. Since the number of wealthy Indians is pretty much high, the Forex market does not lack Indian clients who seem to have developed a true passion for currency trading.

Time Zones and the Indian Forex Market Top Forex brokers in India will offer the best services and link their customers to the best quotes and prices accessible through the sophisticated platforms which are in line with the highest industry standards.

Since Forex trading has a lot to do with the right timing, time zones should not be neglected by traders. Let us see how the geographical location and the time zones affect the Indian market. Besides the usual trading risks related to Forex exchange, the time zones can be a little bit troubling as well. The market time in the East and the West is different. When trends and market changes are strong, forex trading hours in india, overnight positions can be somewhat risky and should be closed on time e.

Traders, especially overseas traders, have to know the market activity times of each zone in order to know when to place and when to close trades. This can be seen as a risk-reduction tactic or safety measure, forex trading hours in india. Other Forex market regulators.

 

RBI panel for extension of forex market trading hours - Times of India

 

forex trading hours in india

 

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