HI ALL,
CAN ANY ONE HELP US ON THIS ISSUES?? how do we need to trade in USD/INR,, EURO/INR ,GBP/INR PAIRS?? what are the technicals we can use on this?? or will it be only on the basis of fundamentals??
in a normal day how much paisa move we can expect??
thanx
Hi,
RBI and SEBI has permited to trade as said 4 currency pairs, unlike the international markets. indian forex market trade between 9am to 5b pm as IST.
such trade system is good for intra day trading.
on any given day the trade take move as
USD INR-0.0025 TO 0.40 PAISA NOT MORE
EUR INR 0.0025 TO 0.30+
GBP INR 0.0025 TO 0.40+
JPN INR 0.0025 TO 0.40+
its good market is under the regulations of SEBI & RBI, but its very risky no stop loss or profit booking will be made once the market closes by 5 pm, any impact of international market will lead into profit or loss , the trade will not under control.
Hope RBI & SEBI will make 24 hours currency trade so we can safe guard the currency positions.
any more suggestios or for technical trends , you please welcome.
ATW,
xxxxxxx