Latest Analysis

When A 62.5% Share Price Rise Means Nothing – UK Product Group

The shares of UK Product Group (LON: UKR) went up 62.5% on Thursday 17 March. This means absolutely nothing of… Continued

Stocks Rally, Despite Lower Yield Plunge with Bank Crisis

Macroeconomic/ geopolitical developments The US banking sector was negatively hit by collapse of SVB Financial, Silicon Valley Bank the prior… Continued

Forex relatively quiet after global Bond Market plunges to lower yields

US$ Index in sideways range, risk to the downside (DXY forecast)  Euro range bound too  (EURUSD forecast)  Cable positive in non-trend  (GBPUSD forecast) … Continued

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What is FX Explained and why are you here?

  • Are you from India and interested in Forex Trading and just do not know where to start?
  • Do you have questions about the legality of forex trading in India?
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We have a passion for Financial Markets and for helping those trying to find their way in the complicated world of Currency Trading and Investing. Originally we successfully helped UK and Malaysian traders and now we aim to help all traders in India as well. Today it is legal to trade certain INR-based currency pairs in India. Laws and regulations have been set in place by Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to ensure the safety of traders from India. According to these laws you can trade the following four currency pairs USDINR, EURINR, GBPINR and JPYINR with the Indian Exchanges NSE, BSE and MCX. However, most Indian traders choose to deposit money through an electronic wallet service such as PayPal or Neteller to a foreign regulated forex broker. As long as the broker is regulated by one of the major regulatory bodies around the world these traders feel safe about their money and doesn’t care about their trading being illegal.

Whether you are a complete novice, or seasoned veteran, we believe that our high level of expertise and some knowledge about India, combined with a simple approach will help you to develop confidently in this sometimes difficult world of forex trading.

We aim to:

  • Be a guide for you in how FX Trading works for traders in India.
  • Offer trading tools that you can use in your everyday trading.
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  • Provide timely updates on important FX developments (via email).

We welcome all traders from India to join the global FX Explained community and to help you become better traders! We don’t show you how to trade, we help you to become a Trader!

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