Forex trading in India – Nascent investing option for beginners

I had dabbled a lot in the forex trading and was wondering who big the Forex trading industry in India is. I probably knew it beforehand that there are no retail investors in the forex trading here. I think the high costs deter the people. Apart from the fact that the getting to know the currencies and the forex terms is a big pain.


Again all the forex tools  and facilities that I used in the US like the managed forex account or the forex signal service and specialized eBooks for Forex are not at all here.


In fact I had to coax my special friend who is an investment banker to help me get access to a big time forex trader so that I can learn all about forex trading in India.


In no way I am writing to tell that I dislike everything in India however the fact remains that this can be a very good opportunity toe make huge money and grow your investments.

Well It seems I will have to stick to stock market till the time the fore services grow to a large market such that big brokerage players in India like Indiabulls or Icicidirect can make their presence felt in this segment.


For the forex market advice and in terms of knowing the basics you should read a couple of good sites like   xxxxx which have a very good information about the forex services and what essentially forex is all about.



The dollar and the India rupee makes for an interesting study as the impact of the India economy makes the conversion go or down, Currently the rupee conversion versus the dollar is at Rs. 46. I remember that when I was needing money back home to India in 2007 the stock market was booming and the conversion rate was at Rs.37.00 That did not help me when I was sending dollars and getting it converted to rupees.

Gold investing

Every time I talk to anyone in my family they will always say that gold is the way to go and that was an eye opener to me and there were several folks who told me that they would have gold as jewelry as much as they can. Well it works double ways since you can will be investing in gold as well as you will be keeping your wife happy.

Gold has been breaking all records because of the huge demand and that has meant that each and every time it reaches a new high there is more money needed to get it as well as on the other side it id proving its might in the world economy.

I read the news item that gold was bought by RBI from IMF. Same was done by Sri Lanka and several other governments in the world.

Just to give you an idea the gold in India is measured in grams to 10 grams is about 16500 now and was about 18000 a week ago.
In the US the gold is measured in ounces and it touched more $1000 and ounce.

That said I bought several gold coins from the US when I returned but these are not available in India. Only a few years ago we have had the banks selling the Gold Coins and I checked that these are Swiss Coins. There are three gold ETF’s in India. One if from Kotak Mahindra.

I have put down about Rs 1 lac and bought several gold coins as well as the some gold jewelry.

Apart from this I have started to invest in stocks and it has been a roller coaster ride to do that. Here is the main site that I usually refer to while investing Equitymaster.com

Return To India and Dollars earned

After returning from my four year stay in San Jose I am a little excited at the prospect of returning back to my home country. Of course the conversion of dollars to rupees make you good money however you need to invest wisely and that sent in a search for variety of investing options that we have in India.

I looked at a variety of instruments and read a lot on the blogs and websites. That said I must admit that in the USA there are a lot of people who dish out investing advice online and that prompted me to journal my research and tell you all about the various investing avenues available to the folks.

A lot of people I find in India talk to only the people they know that is the family friends and of course your banker.

You would generally not talk to anyone like the financial planner or for that matter the investment advisors in the banks. I think that concept has not caught till now and I do not think it will easily till the time the fees of these people are affordable.

The fact of the matter is that the dished out advice is sane and much in the way India operates. For example no one in the US will talk about the importance of saving however everyone in India will talk about saving and how it helps in retirement and on a rainy day