Facts about currency market

Being an awakened forex traders, you should undertake a rigorous analysis of the present past and future scenario of the country, currency of which you are trading in currency market. The best way to determine the potential of a currency trading is undertaking technical and fundamental analysis

Some other countries also allow the trading of currency derivative instruments on their exchanges. All these countries already have fully convertible capital accounts. Almost all of the emerging countries do not allow Forex derivative products on their currency market in the view of prevalent controls on the capital accounts. However, a few select emerging countries (e.g., Korea, South Africa, India) have already successfully experimented with the currency futures exchanges, despite having some control on the capital account