Currency Trading FAQs
Currency is traded in pairs unlike the stocks, where you can buy or sell a single stock. While trading in Currency, you have to buy one currency and sell another currency in the forex market.
To start trading Currency online you will require opening a trading account. You can easily open your Trading account with Dhani Stocks within 15 minutes and start trading the same day.
The most popular cross currency pair available for trading are Dollar- Rupee (USD-INR), Pound- Rupee (GBP-INR), Yen- Rupee (JPY-INR), and Euro- Rupee (EUR-INR) etc.
Currency trading is a 24-hour market that is only closed from Friday evening to Sunday evening. There are three sessions that include the European, Asian and United States trading sessions. Indian Currency market trading hours are from Monday to Friday From 9:00 a.m. to 5:00 p.m.
The base currency (transaction currency) is the first currency appearing in any currency pair quotation, followed by the second part of the quotation, called the quote currency (counter currency).