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.