Forex Trading: Beginner to Pro Roadmap
This roadmap will guide you from a beginner level to becoming a professional forex trader, starting
with small capital in India and eventually moving to international markets like Dubai.
1. What is Forex Trading?
Forex (Foreign Exchange) is the global marketplace where currencies are bought and sold.
Example: If you expect USD to strengthen against INR, you buy USD/INR. If you expect INR to
strengthen, you sell USD/INR.
2. Forex Market Structure
The Forex market operates 24 hours a day, 5 days a week. The most traded pairs are: - Major:
EUR/USD, GBP/USD, USD/JPY, USD/CHF - Commodities: XAU/USD (Gold), XAG/USD (Silver),
Oil.
3. Forex in India
In India, SEBI and RBI allow trading only in INR pairs: USD/INR, EUR/INR, GBP/INR, JPY/INR
through NSE/BSE. Direct foreign forex brokers are not officially legal, but many use them.
4. Starting with Small Capital (■5000)
With leverage, you can trade larger positions. Example: ■5000 with 1:100 leverage = ■5,00,000
position size. Gold (XAU/USD) can be traded with micro-lots (0.01), making it possible to start
small.
5. Capital Building Plan
• Start with ■5000–■10,000 for learning/demo. • Scale to ■50k–■1 lakh for serious trading. • After
2–3 years, with capital + skill, move to Dubai or international brokers for full forex access.
6. Risk & Money Management
• Risk only 1–2% per trade. • Always use Stop-Loss. • Avoid overtrading; max 2–3 trades/day. •
Example: With ■5000, risk only ■50–■100 per trade.
7. Learning Path
Step 1: Learn forex basics (pip, lot, spread, leverage). Step 2: Learn Technical Analysis (charts,
patterns, indicators). Step 3: Understand Fundamental Analysis (news, interest rates, inflation).
Step 4: Master Risk Management. Step 5: Build strong Trading Psychology.
8. Moving Abroad (Dubai/UK/US)
Dubai allows full forex, gold, crypto, oil trading without restrictions. You only need a broker account
(IC Markets, Exness, Pepperstone). This should be your long-term professional trading goal.
