Trading USDINR on NSE

arnav

New Member
#1
I am trading in stock over a year and want to start trading USD-INR and other legal pairs on NSE.
I have some basic questions about trading USD INR, Can anyone provide link so I can get my basic cleared:

1. what is the lot size for USD-INR
2. What is the margin required for trading intraday one lot.
3. How do we calculate profit? Supposedly I entered longs at 54.55 and exited at 54.80. What is my profit per lot?

Anything else I need to know...
 
#2
I am trading in stock over a year and want to start trading USD-INR and other legal pairs on NSE.
I have some basic questions about trading USD INR, Can anyone provide link so I can get my basic cleared:

1. what is the lot size for USD-INR
2. What is the margin required for trading intraday one lot.
3. How do we calculate profit? Supposedly I entered longs at 54.55 and exited at 54.80. What is my profit per lot?

Anything else I need to know...
1. Lot size is 1000
2. About 2.5% (1400k)
3. 1 Point movement = 1000 bucks. So (54.8 - 54.55) * 1000 = 250 INR earned

Also from an intraday perspective, USDINR has good liquidity. EURINR has satisfactory liquidity. JPY & GBP do have below par liquidity.
 

arnav

New Member
#7
1. Lot size is 1000
2. About 2.5% (1400k)
3. 1 Point movement = 1000 bucks. So (54.8 - 54.55) * 1000 = 250 INR earned

Also from an intraday perspective, USDINR has good liquidity. EURINR has satisfactory liquidity. JPY & GBP do have below par liquidity.
Thanks for answering promptly, this definitely helps....
 
#10
Like Arnav - I am also searching proper exposure in forex market. Can anyone help me to know -
1 whether forex trading is allowed in India
2 who are the good forex brokers
3 which are the good forex platform
4 who can give proper training in forex if we need to deal in Usd\Inr
 

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