Introduce Currency License For Free

Forex is the largest and most liquid market in the world. Trillions of dollars worth are exchanged every day. A career as a forex trader can be lucrative, flexible, and highly engaging. There is a steep learning curve and forex traders face high risks, leverage, and volatility.

Buying and selling currency can be very profitable for active traders because of low trading costs, diverse markets, and the availability of high leverage. Exchanging currency is not a good way for passive investors to make money.

Currency serves as a means of exchanging commodities and services. Money in the form of paper or coins, issued by a government and accepted at face value, is known as currency. In bartering, goods and services were exchanged directly for other goods and services .

FFMC License Process Incorporate your business as an FFMC Company. Get your documents ready. File the application for FFMC License. Wait for RBI to process the application. Get FFMC License.

In order to become a Forex dealer, an individual must have a Master's degree in Finance. After passing out from 12th grade, students can take up Finance, Banking, Marketing and Business Management courses in UG. For taking up PG courses, the candidates need to clear entrance exams like CAT, MAT, GMAT, ATMA, XAT etc.

As mentioned under Section 10 of the Foreign Exchange Market Act, 1999, only sanctioned money changers (AMCs) can indulge in currency exchange activities. No person has the authority to promote their money-changing business till they obtain a valid FFMC license released by the RBI.

How much does a Forex Trader make? As of , the average annual pay for a Forex Trader in the United States is $103,290 a year. Just in case you need a simple salary calculator, that works out to be approximately $49.66 an hour. This is the equivalent of $1,986/week or $8,607/month.