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I WANT TO KNOW IF I CAN DO FOREX TRADING WITH FXCM,GFT,IS IT LEGAL FOR RESIDENT INDIANS AS PER RBI GUIDELINES.?
RBI HAD A GUIDELINE REGARDING TRADIN WITH MARGIN MONEY OUTSIDE INDIAi.e. you can buy foreign stocks but cannot deal with futures of those stocks.has the rules changed.
It depends where you are or where you want to start.Is it a short or long term basis?How much knowledge do you know about Forex trading?Different country had a different law and practice.
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LikeDislikethere is nothing impossible.Where is a need there is a way. if you want to do the forex you may read the laws relating that or you may took advice from legal authorities.you may took advice from forein department and finance department
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LikeDislikeAs per the RBI guidelines (www.rbi.org.in)Indians can trade in forex up to $200000 but again it would be advisable to contact your financial adviser.
You can also try trading with Forex4you as they are one of the 1st forex broker in India. They also have their office in Mumbai.
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LikeDislikeInvest in Forex Market…I am a Trader…can manage your a/c and make good profits for you daily ..for more details mail me or call me
mobile: 09556736096
email: subrat.xxx@gmail.com
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LikeDislikeI think India is the best country to earn that kind of income.
If you seriously want to learn how to trade forex for highest returns, than visit:
http://www.forexwi.com
to learn all the insights, tips and tricks.
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