Question: How much do forex traders make a day in India?

How much do forex traders make in India?

The highest salary for a Forex Trader in India is ₹83,999 per month. The lowest salary for a Forex Trader in India is ₹15,232 per month.

How much do forex traders make a day?

Many Forex traders can make $1000 – $5000 on a single day of trades. Forex traders are basically making trades on the exchange of one currency for another.

How much can day traders earn in India?

Frequently asked questions about a Stock Trader salaries

The highest salary for a Stock Trader in India is ₹1,00,000 per month. The lowest salary for a Stock Trader in India is ₹19,270 per month.

Is Forex trading profitable in India?

Currency trading participants comprise banks, corporations, central banks (like RBI in India), investment management firms, hedge funds, retail forex brokers, and investors like you. Forex trading is a legitimate way to make a profit.

Will forex make you rich?

Can forex trading make you rich? … Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

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Is forex trading legal in India?

Although Forex trading is permitted in India, citizens are not permitted to do so via electronic and online Forex trading platforms. … In India, however, it is only permitted and considered legal when conducted through specified Forex trading places with the base currency being INR.

Is forex trading a gambling?

You should always have these aspects in mind, and always remember that forex trading is not gambling. When you accept this, your decision-making becomes better, and you can learn to develop strategies on how to make profitable trading positions. Forex trading is very different from spinning a slot machine.

How difficult is Forex?

Forex trading is not more difficult than trading in other markets, but the forex market does present its own particular conditions, behaviour and risks that beginners should be aware of before they start. … Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Who is the richest day trader in India?

Rakesh Jhunjhunwala (born 5 July 1960) is an Indian business magnate, stock trader and investor. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises.

Can I trade with 50000 rupees?

You will need to add funds in your trading account – that’s called ‘margin money’. You can buy stocks worth Rs. 50,000 with your Rs. 10,000 ‘margin money’ if your stockbroker is providing you 5x leverage (read more about leverage in the next section).