can any body tell how to start currency trading business.is it possible to do this business on line.
2007-11-21 22:19:50 · 4 answers · asked by himsagar 1 in Business & Finance ➔ Small Business
It cost less to open a currency trading program account compared to the stock market and the longer term trading methods.
Trading currency is a 24 hour system so you cam make money all day every day literally.
With currency trading program it is common practice to be able to trial the programs for free before actually taking part, and you also get fully comprehensive education packages.
When you open a currency trading program and actually decide to start spending money all you need to begin is$250- $2,500 compared to the $25,000 required to open stock trading account.
When you make money with a currency trading program you are not charged interest on your unlike with stock trading you can be billed a brokers fee from anywhere between $5-30 dollar for a trade. Or of you have employed the service of a full service broker they usually charge $100 sometimes more.
Check out http://www.insightempire.com/Currencytradingprogram/ for more information pertaining currency trading, hopefully they should be able to help you get started.
2007-11-25 10:32:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As far as my knowledge goes, currency trading is still not official in India. You can not trade in currencies except when you wish to invest abroad ( in various asset class) or for travelling, education etc purposes. It's not officially allowed.
Doing business in currency trading -- well it should be UNOFFICIAL.
Neverthless check up with Reserve Bank of India- foreign exchange department. They are authentic for information.
2007-11-22 18:13:38 · answer #2 · answered by Nitin G 7 · 0⤊ 0⤋
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2016-10-24 22:00:32 · answer #3 · answered by buitron 4 · 0⤊ 0⤋
Yes it is posible online
Open 3- in - 1 account with any bank
The open cyrrancy trading fascilty
and trade
(ICICI, SBI, HDFC, )
2007-11-22 15:25:50 · answer #4 · answered by Bhau 4 · 0⤊ 0⤋