FOREX (Tips) markets are one of the worlds fastest growing trading markets. Currency (Tips) /Forex trading has emerged as the one of the most widely traded forms, with traders interest increasing day by day. The turnover for the same have grown exponentially in almost all the forex markets world wide. It offers a wide opportunity to traders/ investors to mitigate the currency exchange rate fluctuation by taking forward contracts for the amount receivable/ payable. This way if you are a importer, exporter or anyone who receives /sends forex on a later date can do away with foreign current price fluctuation by entering a FOREX contract at current price.
FOREX trading is available in almost all countries and over many trading platform worldwide. One can trade a large number of different pairs of currencies, but some of them are having really low volumes and thus the gap between the bid ans ask is too high. Most of the currency trading markets are open 24 hours a day so you can trade as per you suitable timings and you choice of currency pair.Out of all the FOREX currency trading pairs USDEUR (US Dollar and Euro) is the most liquid worldwide and also the most actively traded.
MCX FOREX (Tips)
In India FOREX (Tips) trading is being offered by MCX-SX and NSE (National Stock Exchange of India) are offering FOREX trading / currencies trading in India . MCX -SX market is open from 9:00 AM till 5:00 PM and offers USDINR, GBPINR, EURINR and JPYINR contracts for trading on the platform. NSE also offers the same contracts with the same timings.