As I mentioned in a recent post, Online Forex Trading is an illegal means of making money in India. So what alternatives do Indian citizens have if they still want to trade currency? Trading Currency Futures is the answer! In this post, let us understand how to trade forex futures in India.
Futures, as you probably know, is more like a contract that says that you as a buyer will purchase the underlying item (contracted item) at a specific price (contracted price) at a specific time (Expiry date) in the future. Now let us move on to currency futures in the Indian context.