Currency Trading

DEFINITION Just like stocks, one can deal in currencies also, i.e. buying one current with another at Exchange rate. MCX-SX is the market for trading in currencies, where one may buy dollars or sell pounds on a forex market. In finance, the exchange rate also known as the foreign-exchange rate, forex rate of FX rate) between two currencies specifies how much one currency is worth in terms of other.
DESCRIPTION
Stockstrokes

The act of buying and selling worlds currencies. Currency trading is most often engaged in by banks and other institutions, for the purpose of international trade. Individual investors may engage in currency trading as well, attempting to benefit from variations in the exchange rates of the currencies.


SYMBOL USD-INR EUR-INR GBP-INR JPY-INR
Instrument FUTCUR / OPTCUR FUTCUR FUTCUR FUTCUR
Unit Trading 1 (1 unit = 1000 USD) 1 (1 unit = 1000 EURO) 1 (1 unit = 1000 Sterling Pound) 1 (1 unit = 1000 Yen)
Tick Size 0.25 Paisa or Rs.0.0025      
Trading Timing Mon – Fri – 9.00 AM to 5.00 PM      
Contract Cycle 12 months      
Last Trading Day 2 working days prior to the last business day of the expiry month at 12 noon      
Final Settlement Price RBI reference rate      
StockStrokes Support

For any query feel free to contact at info@stockstrokes.com, or Call 011–426 77733/22.

CONTACT US
Stockstrokes

Please feel free to contact us @ 011 – 426 77733/22 between 9 AM to 6 PM, Monday through Friday, for any enquiries related to our industry. We shall be eager to assist you. Happy investing !!

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