Forex Trading Course in Delhi: analyse currencies the legal way

What you can trade

Seven pairs open to Indian residents

Indian exchanges list four rupee pairs and three global crosses. These are the contracts the course practises on.

• USD/INRDollar against rupee. The busiest rupee contract.Rupee pair
• EUR/INREuro against rupee.Rupee pair
• GBP/INRPound against rupee.Rupee pair
• JPY/INRYen against rupee.Rupee pair
• EUR/USDEuro against dollar, the most traded pair worldwide.Cross pair
• GBP/USDPound against dollar, nicknamed cable.Cross pair
• USD/JPYDollar against yen, sensitive to rate gaps.Cross pair

Interactive · Module 3 preview

Pips, lots and margin, worked out

Change the numbers on a USD/INR contract and watch how a tiny rate move turns into rupees, and how margin magnifies the result.

Syllabus

Eight modules, from quote to trading plan

Every module ends with a practice task on real charts using paper positions. Tap a module to open it.

1. 01How the currency market runsThe world’s largest market has no single building. We map who trades it and when.

   • Over-the-counter interbank market versus exchange-traded contracts
   • Global centres: London, New York, Tokyo, Singapore, Sydney
   • Sessions, overlaps and the hours when volatility clusters
   • Central banks, banks, corporates and funds as participants
2. 02Pairs, quotes and related marketsReading a quote correctly is the first trade-saving habit.

   • Base and quote currency, bid, ask and spread
   • Majors, minors, crosses and rupee pairs
   • Dollar index, gold, crude and bond yields as cousins of FX
   • Why offshore CFDs and crypto pairs sit outside Indian rules
3. 03Pips, lots, margin and leverageThe arithmetic that decides how much a move costs or pays.

   • Pips, ticks and contract sizes
   • Spreads, brokerage and exchange charges
   • Margin, leverage and how fast it magnifies losses
   • Rollover, swaps and futures expiry
4. 04Forex law in IndiaWhat a resident may and may not trade, and how to stay compliant.

   • FEMA and RBI’s role
   • Permitted pairs on NSE, BSE and MSE
   • RBI’s Alert List and spotting illegal platforms
   • LRS limits and how currency F&O is taxed
5. 05Brokers, orders and platformsTurning analysis into a clean, controlled order.

   • Choosing a SEBI-registered broker with a currency segment
   • Market, limit, stop-loss and bracket orders
   • Charting platforms and the exchange option chain
   • Building a watchlist and an alert routine
6. 06Technical analysis for currenciesCharts behave a little differently when two economies sit inside one price.

   • Trend, structure, support and resistance
   • Chart patterns that suit currency pairs
   • Moving averages, RSI, MACD, ATR and Bollinger Bands
   • Multi-timeframe reading and trade planning
7. 07Macro drivers and event riskWhy the rupee reacts to a Fed meeting, an oil spike or an FPI exit.

   • Interest-rate gaps and central bank policy
   • Inflation, trade balance and capital flows
   • Reading the economic calendar
   • Flash crashes, algorithms and high-frequency trading
8. 08Risk and the professional deskProtect capital first, then look at how institutions run currency books.

   • Position sizing, stop placement and correlation
   • A written trading plan and journal
   • Dealing desks, interbank terminals and dark pools
   • Benchmark rates: from LIBOR to SOFR and MIBOR