A Beginner's Guide to Forex Trading: Everything You Need to Know
Forex trading, also known as currency trading, has gained significant traction among Indian investors in recent years. With the potential for high returns and the convenience of online trading platforms, more and more individuals are exploring the world of forex. However, diving into forex trading without proper knowledge can be daunting. In this beginner's guide, we'll unravel the basics of forex trading , its benefits, risks, and essential tips for Indian investors to navigate this dynamic market successfully. Understanding Forex Trading Forex trading involves the buying and selling of currencies on the foreign exchange market. Unlike the stock market, which operates on centralized exchanges, forex trading is decentralized, with transactions conducted over-the-counter (OTC) through electronic networks. The forex market operates 24 hours a day, five days a week, allowing traders to capitalize on global currency fluctuations. Benefits of Forex Trading for Indian Investors Acces...