11 Best Forex Broker in India 2023 Review and Comparison

November 11, 202110:56 am

risk management

In 1995, he invested in Hero Honda, a well-known Indian company with a market capitalization of only INR 1000 crores. Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

You would probably know a few things about this fascinating field, where people trade their preferred currencies on an intraday and swing basis. You may be thrilled that around 5 trillion transactions occur daily on forex. Its dynamic nature and opportunities attract traders worldwide to this ocean of currencies. Sunil Singhania is another well-known name on the list of top traders in India. He holds a particular place in the hearts of stock investors and traders in the industry as the CIO of Reliance Mutual Fund.

  • All forex brokers do not provide trading in all the currency pairs or assets.
  • These are some of the top stock market traders in the Indian stock market.
  • Chart patterns Understand how to read the charts like a pro trader.
  • Ashu Sehrawat initially became interested in the stock market 4 years ago at the age of 18.
  • It was the diciest investment he had ever taken, as the company filed bankruptcy in 1992, though it came out of it just a year later.

Almost everyone has to have fallen down at some point, and from those experiences, they may learn something and put plans in place to be able to pick themselves back up again. In order to succeed in business, some individuals actually want inspiration and motivation. After receiving inspiration and motivation, people are typically highly excited and have lofty goals for themselves afterward. Due to bad results in quarter one & second quarter results are also expected to be bad. Reliance retail & Tata group is now becoming a threat to Dmart business. Mr. Sampat is a self-teacher who has spent years sharpening the art of evaluating business houses’ operations, not aspirations.

Forex Risk Disclaimer

Consider the available payment methods, and choose the method that will serve you best for depositing and withdrawing funds from your broker. Buying a forex card – this is a select type of prepaid card that functions as an alternative to currency conversion processes. Next, it is important to research all the different trading strategies that have been developed and to backtest these to find the one which best suits you.

Mr. PorinjuVeliyath was born on June 6, 1962, in the Indian state of Kerala. He started doing job from the age of seventeen to support his family. He began his job in 1990 as a floor broker with Kotak Services. If you open account directly with the company then no subbroker can manipulate in between.

He also manages a website where he shares his trading results as well as personal contact information. If you have been looking for motivation to learn about forex trading, here you have it. TEDJones II is one of the greatest macro traders of all time, with his bets on currencies and interest rates. Today, he has a variety of other successful investments to his name.

In trading, some people fail and, in extreme cases, even go bankrupt. Additionally, Mr. Kedia understood his greatest thing to position a stop-loss while investing. He says without stop loss an investor can not succeed in the industry. Majorly he made money from Hero Honda, Infosys and Eicher Motors share in which he has invested in early 1990s. He is always focused on Quality, Growth, Longevity, and Price of the stock.

His stock selection strategy seems to be smart and executed considering long-term time horizon. So, let’s get to discover more about them in the following section. The below-given information is intended to provide more insights into the investment horizon of India’s top investors. The short-term portfolio growth refers to the increment in the evaluation of an investor’s portfolio.

One of the richest forex trader in india is to follow the trades of big investors. Analyzing the portfolios of these investors will provide you with a plethora of information on choosing the most suitable stock to invest in. He has invested in Acrysil ltd, ADF foods, Apollo pipes, Birlasoft Ltd, NIIT ltd, Apollo Tricoat, Aurum Proptech, Mold Tek packaging ltd, Paushak ltd, and other companies. Due to his diverse portfolio, he is one of the top 10 intraday traders in India. Raamdeo Agrawal, an Indian securities and exchanges finance expert, is well-established in the industry.

He started his trading journey when he was still working in the Gulf. He worked there for six years before finally returning to India, only to find that getting a job in the country was far from easy. During this period, he contacted some of his friends, and one of them was a technical analyst. Since then, he got intrigued and started to learn more about technical analysis.

Dolly Khanna is a Madras graduate who is well-known for risking her fortune on the stock exchange. However, she is well-known as a stock market trader who consistently does well. Radhakishan Damani is the owner of India’s third-largest retail chain, DMart, and one of the country’s ten wealthiest stock market investors. When Rakesh bought Tata Tea shares for 42 rupees and sold them for 143 rupees, he made his first substantial profit. Following that, he began investing in a variety of businesses, including Bata, Sesa Goa, Apollo Hospitals, and Bharat Electronics.


Live streams Tune into daily live streams with expert traders and transform your trading skills. Like other most prosperous traders, Tepper is known beyond the world of stocks. He gives his fair share to society by donating to schools, universities, and academic institutes and sponsoring student scholarship programs.

Best Forex Brokers India

You can ask any trader from the above list, and they will likely tell you the same thing. You can sign up as a funded trader and trade with funded capital. Druckenmiller, one of the wealthiest forex traders today, began his career in the business sector by earning a degree in economics. After learning the ropes, Druckenmiller established his own investing business, Duquesne Capital Management, in 1981. Check out our in-depth guide to mobile forex trading here, where we’ve tested and scored the forex trading apps of over 40 of the top forex brokers.

Ace investor Rakesh Jhunjhunwala passes away at 62 – The Economic Times

Ace investor Rakesh Jhunjhunwala passes away at 62.

Posted: Sun, 14 Aug 2022 07:00:00 GMT [source]

It is inclusive of both the growth in investment and in returns. He has also shared his forex journey with his fans to get them motivated. You can find multiple educational videos related to forex and stock trading on his youtube channel.

Who Are The Richest Forex Traders?

In 2002 he opened his first shop in Mumbai and has just grown in success. Presently, with his huge fortune, he likes to formulate long-term investments that will continue. A lot of his fortune today is in spread-out ventures like gold mining, coal, and real estate. His interest is now on constructing a casino and starting an airline in South Africa. This website is owned and operated by Just Global Markets Ltd., which provides investment services.

His selectiveness eventually put him to more compatible trading results. Ashu learned that patience and selectiveness were key to maximizing profits as a short-biased trader. If you know the theoretical part of forex trading, the next step is to choose a reliable broker and open a trading account.

How to trade forex in India?

He is an extremely famous between Indian stock traders with a net worth of around 1000 cr. Hi pradeep can you explain how to deposit money in forex trading account.. You can check OctaFX that offers a free forex demo account for practice. But OctaFX is regulated by the Law of Saint Vincent and the Grenadines.

Can You Make Money With Forex? Is It Worth It? – Investopedia

Can You Make Money With Forex? Is It Worth It?.

Posted: Sat, 25 Mar 2017 00:23:48 GMT [source]

It’s thought between only 10 and 15 percent of forex traders consistently make money. Many traders may generate high profits, but holding onto those returns without sustaining significant losses is another ball game. Top forex traders can make millions from the currency market with some even making billions. However, it’s worth noting these are the very top performers and do not reflect the returns of most online traders. Buffett is widely known as history’s most significant investor. He is one of the planet’s wealthiest people, but he also has the financial ear of several presidents and global leaders, including the top investors in India.

Carl Icahn is known to have active and aggressive trading strategies. His active trading often led to changes in his investing positions, increasing his stock positions’ value. Regardless of being new or experienced, everyone has heard about George Soros being the most versatile and prosperous trader globally and how he broke the Bank of England. Mr. Vijay Kedia is a financial expert from India who makes simple yet efficient investments. He grew up in a stockbroker household and has had a lifelong interest in the financial industry. When testing trading strategies, make sure to focus on the percentage returns before scaling your strategy to take on higher potential risk/reward levels.


Therefore, always make sure to follow the RBI guidelines while trading forex by reading this and this. You do researches and analyze the market to know when a transaction is worth the risk taken. It is a market where you can exchange currencies every day. Forex trading has gotten famous, with more people showing interest in it. Maybe it is something that just relates to you, or perhaps it is your own personal experience. When confronted with the difficult truths of life or when going through hardship, some people do not just give up.

Thai authorities have issued an arrest warrant against a popular YouTuber accused of scamming followers out of – Business Insider India

Thai authorities have issued an arrest warrant against a popular YouTuber accused of scamming followers out of.

Posted: Thu, 01 Sep 2022 07:00:00 GMT [source]

You can trade 35 currency pairs, metals, CFDs, indices and digital assets on OctaFX. The company is registered and regulated by the Law of Saint Vincent and the Grenadines. Non- Indian persons may check the regulation of forex brokers based on the region of their residence.

He was born into a financial advisory family and was involved from his teens in the stock market. Try your hand at currency trading by opening a demo account on JustMarkets. It’s a quick and risk-free way to master trading in the most liquid financial market. A practice account will help you learn trading basics and develop a strategy before investing money.

  • Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
  • He started his hedge fund in 1973 and became famous as the Quantum Fund.
  • Kovner, unsurprisingly, eventually turned it into one of the world’s most profitable hedge funds.
  • Rakesh Jhunjhunwala, arguably, is one of the most famous traders in India of the current times.
  • We hope that we are able to give you a brief knowledge about top traders in India.
  • His career started as a credit analyst, which helped him understand the concept of investment and management.

Instead, they take a pragmatic approach, utilising risk management tools, technical analysis and setting long-term objectives. Undoubtedly, the richest forex traders in the world had to work hard to make their fortune. At basic, they put their time into learning about the market, staying disciplined, developing a trading strategy, and applying risk management tools. There are several online forex brokers available to forex traders based in India, offering a variety of tools, services and fees.

Since he was tasked with a routine job, Kirubakaran decided to save time by automating the work so he could spend more time reading and researching markets. He started to gain some money from trading, especially after he decided to move from news-based to rule-based one. Combining these factors, he became one of the five most successful traders in India. To be successful, he suggests not only considering the potential profit from a strategy but also the potential loss. In other words, it’s better to pick strategies with lower risks. Zia ul Haque is a valuable addition to the list of successful forex traders in India.

Based on the financial data, you can set a wider entry and exit position to capitalize on previous price trends. With the calculated risks involved, it is a safer alternative to day trading. At this point, it must be highlighted that under the Foreign Exchange Management Act 1999, traders could be fined or even end up in prison if illegal forex trading takes place in India.

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