Amit_Ghosh

How to do Forex Trades in Indian Share Market Legally

Education
FX:GBPUSD   British Pound / U.S. Dollar
Doing Forex trades if the currency pair doesn't have INR is illegal as per FMCA act and it is also a non-bailable offence!

On 13th March, On grounds of Brexit, GBPUSD buying was a trade with a high probability of success. Then how to buy GBPUSD in Indian Market?

It is easy.

Buy GBPINR futures .
Short USDINR futures .

It literally translates into - GBPUSD buy.

Here is easy math to do this on the head -
GBPINR buy + USDINR sell
= GBP - INR - (USD - INR )
= GBP - INR - USD + INR
= GBP - USD
= GBPUSD buy

Image before the trade -
https://unofficedforum.s3.dualstack.us-e...

Image after the trade -
https://unofficedforum.s3.dualstack.us-e...

There is one more magical fact here - There is no COC as it is being negated by the effect of Buying a future and Shorting another one.

See you on the other side!

Get trades instantly and discuss them with me at my Slack Channel @ https://unofficed.com/chat/

Our community is full with traders who actually trade!

Telegram: https://t.me/unofficed
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.