Forex trading, also known as foreign exchange trading, involves buying and selling currencies in the global financial market to profit from price fluctuations.
Yes, forex trading is legal in India but is regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). Indian traders can only trade currency pairs that include the Indian Rupee (INR).
Forex trading involves exchanging one currency for another. Traders buy a currency at a lower price and sell it at a higher price to make a profit.
The forex market operates 24 hours a day, five days a week. Major trading sessions include Asian, European, and American sessions.
Leverage allows traders to control larger positions with a smaller initial investment. While it increases profit potential, it also amplifies losses.