By the time the Indian forex market closes at 5. This is known to have a bearing on the GBP-INR and EUR-INR pair. You can trade futures for three cross-currency pairs, EUR-USD, GBP-USD, and USD-JPY. As you can tell, these forex trading pairs have two foreign currencies as the base and quote. USD appears in all of them. Although the currency market timing for cross-currency pairs is longer, there may not always be optimal liquidity.

In fact, there are 16 holidays in during which the forex market will remain closed. Here is a complete list of trading and clearing holidays. Fun fact: There are 8 public holidays in that fall on a weekend. The forex market is unique in the sense that it is open somewhere around the world at any given point in time.

For example, a forex trader in New Zealand starts their day at 3. Since the North American market is open after midnight in IST, forex trading technically goes on for 6 days a week from an IST perspective.

Not every currency pair is liquid round the clock. Every country has a native currency INR while others use a common currency like the EUR. Traders from that country or region are more likely to use their domestic currency en masse during their forex market hours. After all, many forex times overlap. The currency market in India is open from 9. They vary based on overlapping trading sessions around the world. We touched on this point previously.

The logic is that a currency pair may be subject to more or less trading activity based on two factors. Experts also suggest that the best time to trade forex may be when multiple trading sessions are active across the globe, overlapping and creating a spike in trading activity. The currency trading time in India is from 9. INR currency pairs can be traded till 5. The forex market in India will be closed for 16 days in While the currency market may be an avenue for wealth creation, it is known to be relatively risky for retail traders because of the global nature of the market and the presence of big players who can price out smaller players.

The forex trading market in India opens at 9. The forex trading market in India closes at 5. The market closing time for certain cross-currency pairs is 7. The New York forex session opens at 5. There is a significant overlap between the London session and the India session.

Disclaimer: This blog is not to be construed as investment advice. Published by Usman Ahmed, MBA Researcher. The forex market or currency market remains open round the clock, 24 hours a day all around the world, including India.

However, the market tends to be highly profitable in times of higher liquidity. The best time to trade forex is when two trading sessions overlap. The market undergoes higher liquidity during the overlapping hours due to the presence of more participants.

Traditionally, the forex market is segregated into three sessions depending upon the peak activity levels, including the European, Asian, and North American sessions. These sessions are sometimes also referred to as the London, Tokyo, and New York sessions. In this piece, we take European Session as our basis to understand the best timing for forex trading in India.

Indian Standard Time IST is five and a half hours 5. Therefore, the timing of the Indian forex brokers and European forex brokers differ. As far as the market hours in India are concerned, the Indian Forex Market opens in the early morning on Monday and closes on Saturday early morning Friday Mid Night. Since the Indian forex market hours are different from the European Market hours. Therefore, it is essential to convert Indian Standard time to the GMT.

By doing so, you can calculate the best time to trade in India and enjoy increased market liquidity. Given below is the table reflecting trading hours for different trading sessions in GMT. You need to add 5 and half hours to these timing to precisely calculate the market hours matching the GMT. You need to check when your broker opens on Monday and closes trading on Friday. Generally, forex trading in India can be done between AM to PM IST.

Please note that the Indian exchange market working hours start at AM and ends at PM IST from Monday to Friday. The exchange market remains closed on weekends in India. European forex brokers mostly follow these timings. Whereas, the U. market opens at PM IST on Monday. Assuming that you have understood the market hours for different trading sessions, and the significance of trading during these hours, we can now begin to understand the weekly clock. Mostly, traders find it difficult to start their week after the forex market opens due to the high volatility of the market.

This becomes even more challenging when you are new to the forex world. Usually, the forex market remains closed on weekends. However, trading hours might vary across different regions of the world concerning opening and closing timing on weekends.

For example, in some parts of the world, the forex market may be open while it is still Sunday in the rest of the world. Generally, the forex market exhibits higher volatility in the first couple of hours after the market opens on Monday. During these hours, the liquidity level of the forex market also remains lower. However, things start getting normal after a few hours and remain the same for the rest of the week unless a major release creates high volatility in the market.

Forex trading is a popular investment business in India. Due to advanced IT infrastructure and rising population of the young generation, forex trading is gaining more and more popularity in India. In this piece, we tried to cover the importance of forex trading during highly volatile trading hours and identified the best time for forex trading in India. The overlapping trading sessions provide best profit-making opportunities as mentioned above.

If you have not started, read here to learn how to start trading Forex in India! About us Contact Us Advertise With Us Press Room Terms of Services Report an Error Sitemap. Forex Trading in India Best Forex Brokers in India SEBI Regulated Brokers Forex Trading in Singapore Best Forex Brokers in Singapore. The knowledge shared on this site comes from his own personal research and experience.

He does his best to provide accurate, useful information about financial products and services, but makes no guarantee that all readers will achieve the same level of success. If you have questions, consult a licensed financial advisor.

Forex trading in India cannot be done at any land-based location as the only online forex trading is available.

Unlike the stock market which has opening and closing times, the forex market remains open throughout the day as traders trade currencies across all time zones, five days of the week. Traders buy and sell currencies at the current price in the spot market. ETFs function just like stocks. This means that traders can purchase and trade ETFs just like stocks.

To put it very briefly, futures refer to contracts to purchase or sell currencies on a date in the future at a pre-determined price. Futures contract trading is done on centralized exchanges.

Since they are standardized, the futures market is well-regulated and transparent. You can easily gain access to the transaction details and the price. Since most top-rated online Forex brokers offer several currency pairs, you can easily decide which currency pair you would like to trade. Right at the beginning, you should implement risk management techniques. We suggest that you first gain a thorough understanding of the price volatility associated with your selected currency pair.

We discussed the different ways to trade Forex in the above section. Forex brokers offer all or more of the above-mentioned types of trading.

The amount you have to invest depends on the type of trade you select. Once of the currencies in your currency pair is a base currency and the other is a quote currency. The currency to the left is the base currency and the currency to the right is the quote currency. If you feel that the base currency will become more valuable than the quote currency, you have to buy. If you feel that the value of the base currency will fall, you have to sell. You can also add orders to your trade.

These orders include limit orders and stop orders, which help you to minimize risks and lock in profits whenever your loss or profit targets have been met. You do not have to add orders to your trade, but experts highly recommend that you do in order to minimize your risks and protect your profits from market volatility.

Stop loss orders enable you to exit a trade automatically if the price worsens and thus minimize your loss. Limit orders enable you to exit trades automatically if the price gets better and thus lock in your profits. To close your trade, you have to perform an action that is opposite to the action you performed while opening the trade. For example, if you opened a trade by purchasing three CFDs, you have to sell three CFDs to close it.

When you close your trade, your profit and loss will immediately reflect in your balance. To get started with Forex trading, you must sign up with an online Forex broker. If you are a beginner to Forex trading in India, you will find it very difficult to identify a reputed online Forex broker on your own.

This is where we can help you. We have invested a great deal of time and energy in identifying, reviewing, and rating the best online Forex brokers in the industry. We suggest you go through our reviews and choose one of the online Forex brokers in our list to get started. Once you have chosen your Forex broker, get started with a demo account. A demo account serves as a teaching tool for beginners to trading. You can use it to understand trading better. And once you gain the confidence you require to trade for real, you can open a live account.

Now is the time to deposit a small amount of money into your account. Avoid spending a huge amount of money to begin with. Instead, spend more time in getting educated at the online Forex broker. All the brokers we recommend to Indian traders offer free educational material in the form of video tutorials, one-to-one training, high-quality articles, free eBooks, webinars, and others. Use these free resources to gain a deeper and better understanding of Forex trading.

We never select Forex brokers for Indian traders at random. Instead, we spend a lot of time in researching each broker before reviewing it and recommending it for Forex traders in India. Indians can trade Forex with the Indian exchanges NSE, MCX-SX, and BSE. This means that, if you stick to Indian exchanges, you do not get access to a wide range of currency pairs. India sees the decentralized global Forex market as a threat to its sovereignty.

For this reason, the government of India has limited Forex trading to a great extent. Trading on other currency pairs, except those permitted by the RBI, is, therefore, illegal in India.

In fact, it is a non-bailable offence. The first step would be to create an account with a Forex broker who has received a license from the Securities Exchange Board of India SEBI. You can open a personal account or a business account. And having opened an account, you can go ahead, and trade currency pairs permitted by the RBI. If you are still confused about the legalities of Forex trading in India, we suggest talking to a lawyer who understands such matters and can guide you better.

You should never trade currency pairs without first learning how to manage the various risks associated with Forex trading. Needless to say, you want to trade Forex because you want to make a profit. And if you want to make a profit, you must understand the basics of risk management. Most traders plunge headlong into Forex trading without learning how to handle potential losses. Now that you understand more about Forex trading in India and the various restrictions associated with it, we suggest that you get started.

Check out our reviews of top online Forex brokers such as IQ Option and Olymp Trade. We recommend getting started with a demo account. Spend several weeks just learning about Forex trading before you start investing money in it. Once you gain some confidence, go ahead and start trading.

Different Ways to Trade Forex Brief Guide to Trading Forex Step 1: Select a Currency Pair. Step 2: Choose a Way to Trade Forex Step 3: Decide Whether You Would Like to Buy or Sell. Step 4: Add Orders to Your Trade Step 5: Close Your Trade Getting Started How We Choose Forex Brokers Is Forex Trading Legal in India? Forex Trading Risks — How to Understand and Manage Risks Conclusion.

It goes on to state that Bihar, Attar Pradesh, and Jharkhand, along with some others, have managed the situation well with model cases estimated to be higher than actual cases. Further, Pepperstone does charge forex and non-trading fees, but these are low in comparison to competitive brokers in India. com has a pre-open session from up to , a regular trading session from up to , and a closing session from to Additionally, many traders have a broker located in their region who can match up trading hours and improve the convenience of trading in markets. However, international retail forex trading in India is not permitted. In , corporates and investors were given more flexibility to hedge offshore currency exposures following the decision by the Reserve Bank of India to incorporate three more cross currencies into the exchange traded derivatives market including futures options. Your trading results depend on many things.

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