Search results

That's a rather naive post, I'm sorry to say this! Virtually ANY income is taxable in MOST countries including India. Whether you pay your taxes or not - it's up to you, but legally you MUST pay taxes for whatever money you make in your life. Once you receive your withdrawal from a Forex...

Re: trader frm kerala As of this moment, there are no Forex brokers with offices in Kerala

Well, trade with 1:1 leverage (meaning no leverage at all) and your problem is solved. RBI is afraid of people loosing money too fast because of margin trading, but RBI is not against trading in general. Another issue is that in the era of high technologies it's technically IMPOSSIBLE for...

Hey guys! Maybe some of you will be interested - Forex4you India is now conducting regular free webinars for Forex beginners. Next webinars take place on 26th and 28th of April. More info: http://www.forex4you.in/ Instructor speaks English, Hindi and Gujarati Most probably, there...

There is also Forex4you in Mumbai - they actually came the first to India

If they accept funds in Indian rupees and let you trade currency pairs like EUR/USD - then it's 100% illegal, you can call the police.

This topic has been raised so many times already! Please use "Search" instead of creating a new thread!

Perhaps, because mentioned pairs have very low volatility, plus limited hours (not 24 hours like real Forex market), plus less-featured software (no EAs, etc)? I, to be honest, don't think that USD/INR trading will be popular anything soon. Regarding more pairs - RBI plans for 2010 include...

You can try Forex4you - just Google for it. You can start trading even with 2 USD.

Re: Indian residents can trade in foriegn derivatives Which means you can still trade with 1:1 leverage (meaning no leverage) under LRS scheme. This may never happen, actually. Why would RBI do that? My opinion is that they will never introduce OTC in India and so that Indian traders...

It's very simple. Let's imagine the company's spread for EUR/USD instrument is 2. The market price at the moment is 1.4212. Instead of selling this instrument to you at the market price, the company will sell it 2 points more expensive - at 1.4214. So the company (broker) is decreasing or...

There is no such thing as "best currency pair" in this world :) Just like there is no "best country" or "best women" or "best cuisine" or "best-whatever". It all depends on individual circumstances and preferences. Some traders choose popular high-volatile pairs like EUR/USD and are quite...

Please don't say non-sense. It's India-2009, India-democracy. Nobody would put you in jail, especially taking into account the fact that those guidelines are written for the BANKS and it's their responsibility, not yours, to follow the RBI circulars. RBI circulars and notifications are being...

S0016 Sale of a foreign currency against another foreiqn currency S0018 Other capital payments not included elsewhere Maybe S0016 or S0018 should be specified instead?

Debit/credit cards is the cheapest and fastest way for clients. Traders, especially beginners, who invest small amounts - have no reason to for a bank transfer and spend a fortune for transaction fees, then waiting several days. If one wants to invest, let's say, 10,000 USD - of course bank...

There is only one exchange offering this pair and hence there is no difference which Indian broker you are using. Also, do not forget that rupee is not a real market currency - it's highly regulated and low volatile. It's not very good for speculative trading, probably it's only fine for...

Forex4you.com - they have an office in Mumbai, 24 hour customer support to be launched shortly.

That's not very true. Another Russian market maker came half a year before Alpari - Forex4you (http://www.forex4you.com). Inside Russia, they are as popular as Alpari. They also got an office in Mumbai, but in Bandra West instead of Bandra East.

Nobody stops you from trading with 1:1 leverage meaning no margins, however. In such case, Forex trading remittance is absolutely fine. Moreover, it's only mentioned in LRS scheme. You can use debit/credit cards without any trouble - their use is not a part of LRS. And there is a dozen...

This is not an IForex support forum ;-))) You should ask them such questions directly!