Earn in USD From India

US dollars is the currency in the United States of America and when it is pitted against Indian currency INR, it became the most valuable asset. Financial market is huge and there are many participants in the same as well. Of the available currency pairs, USD/INR is considered to be most profitable and volatile mainly due to the fact USD always has higher value in comparison to INR, hence chances of profit are always on higher side. One can easily earn in USD from India itself while trading forex. The term forex means foreign currency and it is a kind of asset used in the trading business. Unlike other financial assets, the exchange is directly done between two parties.

Why USD/INR?

The usage USD/INR usually means that US dollar is traded against INR. It is considered to be one of the exotic pairs and this is usually monitored by Reserve Bank of India, hence there is a managed floating rate in comparison to other currency pairs. India being a fast-developing country, more and more people are finding this investment a potential one. USD is one of the most traded currency in the forex market for its volatility. Indian INR is the quote currency and by USD/INR, a trader analyses how many rupees are required to buy one dollar which is the base currency. Another reason is that one can easily earn in USD from India itself while trading this currency pair:

• INR is 20^th most popular traded currency and USD is among the highest one accounting to more than 85% of the foreign exchange transactions
• USD is the most volatile as well as stable currency that has seen a rise since past many years which makes it a safe option for trading
• As INR is managed by RBI, there is always a managed floating rate therefore buying and selling is well managed

It is a big deal today to earn in USD from India, but there was a time when the value of INR and USD was equal i.e., 1 INR was equivalent to 1 USD. It was the time before independence in 1947. Today the scenario is much different and the value of USD is much higher than Indian INR. USD today is the most valuable asset and it is kept in reserves by most of the global central banks. In the business of trading the value of USD/INR is measured by the value of US Dollar Index or USDX. This index gains more value when the value of USD increases against other currencies and falls when the value depletes. Forex trading platform is huge and the currency pairs are many not limited to just USD/INR. Bear Street offers valuable training, tips and tricks to ensure that traders and investors bear more profit than loss. Anyone interested in getting into this lucrative business can undertake short term classes that are conducted via online more as well. The trainers are well experienced and experts in the respective domain. For all kinds of valuable knowledge in the field of forex trading, Bear Street is the most approachable firm.