Yes, it is. It is not located phisically like stock exchange markets.
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.
They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371
{ 3 comments… read them below or add one }
yes of course it is legal!
why not!
I trade and am based in bombay (mumbai stock exchange)
References :
Forex means foreign currency exchange. You can buy dollar for Rupees, Pounds for dollars and so on.
For example if you buy dollars today @ 47.60. Think if you have bought 2000 dollars. i.e you have bought 2000 $ for Rs.95200.
If dollar rises to 47.80. Now you can sell it for profit and if the rate decreases you can sell it for loss. It is up to you.
Keep in mind: Brokerage amount has to be paid. In the above example you get Rs.400 without brokerage. It is only an example and nothing else
References :
Yes, it is. It is not located phisically like stock exchange markets.
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.
They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371
References :
http://www.marketiva.com/index.ncre?gid=3371