16/12/ · 1) Given the much talked about angle of NRI friend/relative route, the fact that Forex trading of any currency pair other than our dear INR is considered PERFECTLY LEGAL from India (provided you are lucky enough to have an NRI friend abroad in the first place) it means Indians doing forex business from India is not illegal but the means to fund money does require following rules of RBI, voilating which it can be illegal Estimated Reading Time: 13 mins How Is Forex Legal, ranking brokerow forex , decode binary file to text online, cotización de hoy del bitcoin/10() The data centers and the virtual private servers that serve the US trading hub are well constructed and properly co-located. The forex market in the US is very robust; unfortunately, it is only open to US citizens and citizens of a few other countries. 2) Europe. The major forex trading hubs in Europe are located in London and Cyprus
Legal ways to do International forex currency trading for Indians - a discussion | blogger.com
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New posts. Search forums. Log in. JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding. Legal ways to do International forex currency trading for Indians - a discussion, how forex legal. Thread starter man Start date Sep 28, Tags forex trading for indians funding rbi monetary policy. man New Member Sep 28, Hello traders, how forex legal.
I've read that long and informative post on Forex trading legality issue in India specifically referring to that 35 page thread how forex legal -attention! Forex trading illegal in India! including payment of taxes as 'capital gains' especially considering the most recent RBI rule finally allowing most popular forex pairs other than those with INR to be traded from India eg.
don't worry I am not any RBI official just a retail trader like you all. I am not a newbie in currency trading but quite knowledgeable and experienced in price action and technical analysis. I have active accounts with multiple big names in international forex market like Alpari, XM, how forex legal, FXTM, Blackbullmarkets, FortFS, etc. But I am quite skeptical sending tons of INR converted dollars to fund my trading accounts via my local bank in India due to RBI regulations. So I have only opened cent accounts with all of them!
It would take years of consistent discipline and hardwork Later down the line, I will fund my trading accounts with decent amounts of EARNED DOLLARS from my second online non forex business income. which I will store in an online monetary account like webmoney. Only difference being in this case, not a NRI friend but an international online company's salary is being used as a deposit.
Message me if you want to know how forex legal I earn good amount of dollars online. Don't use Paypal folks. Indians cannot hold funds in PayPal.
It automatically gets withdrawn to your connected bank account every 24 hours again thanks to RBI! Many questions were answered in that thread but despite being comprehensive it how forex legal rise to many unanswered questions too in the minds of Indian retail traders. I wish to highlight those questions in this new thread.
Hope the discussion on these questions will further clear up confusion in the minds of traders who still prefer Forex trading of currency pairs not coupled with RBI's son INR. and probably laughing at those slow earners stuck in NSE shares market trading Because let's face it RBI doesnt truly care for traders money it only cares to protect it's forex reserve! I agree it's true inexperienced traders do tend to lose a lot of money in international market as well but trained and experienced ones make tons of money too.
If RBI truly cared for trader's lost money, instead of banning funding margin trading from India, it could've set a limit to the amount of INR one is allowed to invest in forex margin trading per month or per year. how forex legal means Indians doing forex business from India is not illegal but the means to fund money does require following rules of RBIvoilating which it can be illegal right??
So, all you clever Indian traders, how will you trade forex besides this NRI funding route if you don't have any foreigners contact to assist you?
I am asking info not on breaking rules but BYPASSING it just like many are doing with NRI technique. A How forex legal idea is to fund the trading account with floating online earning from your other non forex business without spending money from your bank account in India. But eventually you will need to withdraw profits earned from forex. How to handle that? I know most reputed brokers do support e funding.
It's not safe to trade with such brokers as transactions will come under How forex legal scanner easily. and are earning decent if not great how forex legal consistently buying and selling shares which I am sure is MUCH RISKIER THAN FOREX?? Please mention trusted Indian brokers to trade with no scammy ones plz.
Hope this information is helpful to you and the questions raised here would be answered as well by other wise Indian forex traders who know what they are doing Thanks in advance!
Happy stressfree trading! Hulu Girl Active Member Sep 28, The post has so many words that we should must understand. Article is good for information and cleared so many doubts. Thanks for posting. NetFreak Member Oct 4, That's kinda nice article and It would help other traders so much. Keep sharing such articles, we would always appreciate that. tradertrader Active Member Oct how forex legal, Great sharing. newtrader Well-Known Member Oct 5, Trading, wherever it involves leverage, multiplies your risk.
In Forex, leverage goes very high. So accounts blow out faster. Leverage is just exploiting our greed and delusion. You can't work in trading. You can only keep learning, and sometimes your mind may show you opportunities. But leverage makes us 'create' opportunities even when they are not there. Last edited: Oct 5, tradertrader Active Member Oct 5, newtrader said:.
Imagine getting a notice for blowing out your account on a leverage! Winning this game is like playing against teams of IITians and MITians! Those guys win. I lost big today in Silver. trade Active Member Dec 15, man said:. NoviceStockTrader Well-Known Member Dec 15, how forex legal, I would say that this is a myth.
All financial markets are more or less the same. If making how forex legal in the forex market was easy then every goddamn guy would be doing it. Please get rid of the idea that you can invest usd and make usd in 2 weeks time. Its possible, no doubt, but how many can do it? Please remember this, how forex legal. In the forex market you are not dealing with HNI, mutual funds who have a few hundred crores.
What you are dealing with on the other side is I repeat On the other side is central banks.
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How Is Forex Legal, ranking brokerow forex , decode binary file to text online, cotización de hoy del bitcoin/10() Forex trading is a legal business, but forex traders can operate only through domestically licensed brokers in some countries. Forex traders are protected because laws are created for forex brokers, not for traders. Our FAQ section in our email list asks questions such as “is forex illegal” very blogger.comted Reading Time: 8 mins 16/12/ · 1) Given the much talked about angle of NRI friend/relative route, the fact that Forex trading of any currency pair other than our dear INR is considered PERFECTLY LEGAL from India (provided you are lucky enough to have an NRI friend abroad in the first place) it means Indians doing forex business from India is not illegal but the means to fund money does require following rules of RBI, voilating which it can be illegal Estimated Reading Time: 13 mins
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