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Welcome to the World of Currencies
Lets understand, how foreign exchange market really works…
Spot Three ways of trading in Forex Spot Forward Future ,[object Object]
An exception is the USD/CAD (US – Canadian Dollars) currency pair which settles T+1. Rates for days other than spot are always calculated with reference to spot rate,[object Object]
Settlement Day –TD TD+1  TD+2 TD+3 or any later day For example, if April 5 is the TD. Then April 6 is tom and April 7 is spot. Any day after April 8 is forward. Also note that Saturday and Sunday or market holidays  will not be considered
Three ways of trading in Forex Spot Forward Future ,[object Object]
To encourage retail participation and to do away with some of the disadvantages of the forward markets the exchanges have introduces Currency Futures,[object Object]
The difference between currency forwards and exchange traded futures
NSE Currency Futures Contract Specifications
Trading in Currencies NOW NEAT Plus
Price conditions
Time conditions
Other conditions

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Currency Basics Forex Market Terms