hii i am shubham i want to now how can trade in usd
You mean USDINR?
You can do trade with all brokers, if you have that segment activated.
You can also trade in EURUSD & GBPUSD
Hi Shubham,
How are you?
USD is a part of currency trading for which you need to activate NSE-CD / NSE Currency Derivative Segment. You need to contact your broker for that . Thereafter you will be able to trade in USD-INR, EUR-INR, GBP-INR & JPY-INR. Currently only these four currency pairs are allowed in INDIA.
Shubham, from your question I can guess that you are a new to Trading. I would like to give advise to you to avoid trading in Derivatives. First learn stock market thoroughly by trading in NSE CASH market with very small quantity and once you are able to make profit from it on consistent basis, thereafter think about derivative. You would get sufficient time to learn stock market and till then you would save your capital, which will help you to survive in the market for long time.
Focus on learning with small quantity, patiently and not on profit.
All the Best !
I presume you are asking about USDINR. There are two exchange-traded products available in USDINR: Futures and Options. You could opt to trade in one or both of them. The first thing you need to do is be aware of the contract specifications. As far as trading is concerned, trades in USDINR are typically short-term. So, it would greatly help if you understood technicals as they can help you time the trade. Secondly, you must also monitor fundamentals, most notably economic data releases from India/US, currency movement (DXY, EURUSD, USDJPY, etc.), FII inflows/outflows, and RBI Forex reserves.
You could refer to the School of Stocks to gain a detailed understanding of currencies. Click here to visit the Currency module.
To learn about Technical Analysis on the School of Stocks, click here.
You could also have a look at this video
https://www.youtube.com/watch?v=zB_W5lXMSYI
.