(GREAT BRITAIN POUND)
Now avail protection against foreign exchange exposures and minimize your losses by taking appropriate positions through hedging with the help of currency derivatives
With currency options and futures, you can now trade on short-term fluctuations in markets by taking view on directional movement.
Benefit from currency exchange rates in different markets and different exchanges with currency derivatives trading.
With currency futures trading and options trading, you only need to pay a minimal margin of the total value, and not the full traded value.
Trading in Forex tends to cater to highly liquid market. There are no hidden prices.
Use web or mobile platform to trade in global currencies from your couch
Study & understand market and place quick orders on FOREX market in real time
Exchange charges like TOC & STT are close to negligible, hence currency trading is a cost effective product
Submit your PAN Card details & Bank Proof
And Voilà, your account is ready.
Detailed reports on different currencies to make informed choices.
Weekly newsletters, story picks of the day, and timely recommendations.
Tailor-made assistance to ensure every individual’s investment goals are met.
Professional expertise acquired by working with several investors over the years by evaluating on the ground investment trends.
Technical analysis reports and weekly calls with the research team to discuss the market and other global events affecting the market
With Hindustan tradecom, you can invest in all the major currency pairs with ease. Hedging, speculation or arbitrage, we offer quality research and seamless trading experience to all types of investors.
Trading currency means exchanging the denominations of currencies of specified nations (e.g. US Dollar, Euro, Yen, Yuan etc.) on international platform. It incorporates all parts of purchasing, selling and trading monetary standards at current or decided costs. As far as trading volume, it is by a long shot the biggest market on the planet.
Forex trading requires assembling different components to plan a trading strategy that works for you. The major ones are Price Action and Range Trading strategies. Price action strategy includes the investigation of verifiable prices to define specialized trading strategies. Price action can be utilized as an independent method or related to a marker. Details are only sporadically utilized. Alternately Range trading strategy incorporates recognizing backing focuses whereby traders will put trades around these key levels.
An exchange rate is a cost paid for one currency in exchange for another. It is this sort of exchange that drives the Forex market. There are 180 various types of legitimate monetary standards on the planet. Notwithstanding, most global Forex exchanges and instalments are made utilizing the U.S. dollar, British pound, Japanese yen, and the Euro. Other well-known currency trading instruments incorporate the Australian dollar, Swiss franc, Canadian dollar, and New Zealand dollar.
Currency Derivatives are very efficient risk management instruments and you can derive the below benefits:
Currency Futures contracts are legally binding agreement to buy or sell a financial instrument sometime in future at an agreed price. Currency Future contracts are standardized in terms of lots and delivery time. The only variable is the price, which is discovered by the market. Currency Futures contracts have different expiry validity and will expire after the completion of the specified tenure.
The first thing to remember is that in currency trading, the trade is always between a pair of currencies. Unlike in equity or stock market where you buy a share of one company, currency trading in India will involve taking a position on a currency pair.
For instance, the EUR/USD rate represents the number of US dollar one Euro can buy. If you think the Euro will increase in value against the US dollar, you buy Euros with US dollars.
When the exchange rate rises, you sell the Euros back, and you cash in your profit.
To be a successful currency trader, you have to get your basics, goals and risk management right. Here is a list of things you should remember: