I want to start investing in currency so need guidance in Forex trading. Please suggest me name of some companies who provides Forex trading education in India.
Hi Manali,
Forex trading is a highly leverage product. It's as simple as currency exchange. The only difference here is that they provide you with a leverage for you to trade higher amount of currency in order to eventually profit.
Now lets say the Indian Rupee moves from INR 61 to 62.
Therefore, with $1000 USD in hand you are making only INR 1000.
Whereas, If you start currency trading. With $1000 USD, the forex broker will provide you with a leverage of upto 1:200 That is 200 times! your Margin money deposited $1000 USD.
Hence, you are able to trade $100,000 of Currency using only $500 as margin money.
Therefore, with $500 you make INR 100,000 on a movement from 61 to 62.
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There are brokers that I personally know of that offer you a 50% bonus on your first deposit.
Let me know if you are interested and we could discuss further,
My SKYPE is JayKhanna00
and
E-Mail TristarCapital at aol dot com