What do you mean by dual currency deposit and margin trading?

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What do you mean by dual currency deposit and margin trading?

This terms are taken from indian banking scenario. Now a days these words are frequently used

2007-01-04 18:23:15 · 2 answers · asked by eldarado 1 in Business & Finance ➔ Investing

2 answers

Before you start trading you have to open account and deposit money on it. In a dual currency deposit account you can deposit in two currencies, (like rupees and dollars) and trade in the two (for instance on the Indian stockmarket and the Nasdaq).

Margin trading is trading securities with some of one's own cash together with cash borrowed from a broker. This has the effect of magnifying any profit or loss made on the securities.

2007-01-05 00:30:25 · answer #1 · answered by cordefr 7 · 0⤊ 0⤋

u can deposit in two currency i.e US dollor and/or Singapure dollor

2007-01-04 19:18:12 · answer #2 · answered by Sonu G 5 · 0⤊ 0⤋