Currency Exchange Broker | Money Exchange in Delhi, NCR - Ask 4 Forex

What is Forex? Forex is known by the initials FX, or as currency trading. Simply put, it is the worldwide free market where you can exchange one currency for another. Being a worldwide global market, price changes aren’t governed by strict regulations enforced by governments. You cannot regulate a currency market, except to ensure fair trading practices with honest brokers. Thus, if you are a seeker of a free market to trade, FX markets are one of the best. Forex is basically known as foreign exchange or trading currency. Forex is a decentralized global market where all the world's currencies company. Forex market is a major and liquid market in this world. If you are planning on traveling overseas, you can convert your foreign currency. Take a trip to France and you convert your pounds into Pounds. If you hear from anyone that earning money in Forex is easy, do not believe. It is a myth. The real truth is - being profitable in Forex requires a lot of work, determination, learn...

Foreign exchange can be bought from any authorized dealer, such as banks that deal in foreign currency. Besides these, money changers also provide an exchange for business and private visits. Large banks like ICICI, HDFC, Axis Bank etc have a dedicated Forex department that deals with currency exchanges. If you give them Indian Rupees, they will give you the Forex equivalent to that amount. If the amount you are converting is less than Rs. 50,000/- banks will accept a cash payment. However, if the rupee equivalent exceeds Rs 50,000, the entire payment should be made through a crossed cheque or demand draft. There are thousands of securities traded on a stock market. But in the foreign exchange market, there are only eight currencies in which trade takes place. These are: • U.S. Dollar ($) • European Currency Unit (€) • Japanese Yen (¥) • British Pound Sterling (£) • Swiss franc (Sf) • Canadian Dollar (Can$) • Australian Dollar • New Zealand Dollar