How safe is trading in currency derivatives in NSE

[samkapoor77]

Recently, a RM from a broking firm has approached me for trading in currency trading. He is saying that it involves very less margin and I can start with even Rs.2000. Is it worth trying??? What kind of returns can I expect??

[Sameer]

If you are new to market then you should avoid currency trading. It is derivatives and leverage is very high. The RM is asking you to trade to make his own brokerage. However, without knowledge it is very likely that you will loose your hard earned money.

If you still want to trade, then you should first try with paper trading and try without real money.

[Author]

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