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Well, I moved to India quite recently, but as far as I understand the reason is that Forex Brokers' operations suppose constant exchange of rupees against some other currency - because most popular Forex currency pairs don't include rupees. And this is the problem - Reserve Bank of India is very...

Strange, but conditions are not described on the website. Also, there is a very tiny amount of information in general. Looks strange...

There is no "best" broker. All top brokers provide customers with similar conditions and services, so just choose any fits you :)))) Take a look at the spread, leverages offered, minimum deposit, withdrawal methods, etc...

Where did you get this number from? I guess it depends entirely on a particular broker - different brokers offer different conditions. I know that many of them do not require such amounts, especially retail FX brokers.

Any resident of any known country has to pay an income tax, where income means all incoming cash flows - no matter if it was a second hand TV sale or FX order result. Then, it comes to your own responsibility and the extent to which you follow the national laws. If the latter is high, then...

It would be at least strange if there was "the best" forex training website. It's all individual, of course. I'd say one should go for a demo account (provided by most FX dealers nowadays) to get the skills. No good trader will give you a magic advice just as no good chef will tell you the...

Yes, it's 50,000 USD now - http://www.thehindubusinessline.com/2006/11/01/stories/2006110103310100.htm You can also read: http://www.rediff.com/money/2003/jul/17rbi.htm So the limit is even higher for other purposes

Forex is not 24/5 - it is 24/5, 24 hours per 5 business days (Monday - Friday).