Ask Your Forex Question Here

[zah1231]

Hi I just heard about forex auto pilot while browsing on the net. Has any body tried it ? Is it worth trying ? I looked around at many places but I didn't get a review so if someone knows something please share.

I have been using forex autopilot for 3 weeks. It is really an amazing software. But you should not try it on live account unless you are fully confident.

 

[deepsa52]

Just a general remark - I see some people trading in small forex firms, beware of these!!, they are unregulated in many countries and if they close their shop and go out that's it. It is best to open a Forex Account with a large forex firm ( larger the better , some examples are OANDA , MFGlobal and FXCM, though always good to do your own homework ).

 

[musicjunkie]

Why cant we
Open an offshore bank account,
register ourselves with say Interactive brokers
and then stay and india and trade, the money never comes to india hence we are out of the indian jurisdiction.

 

[vishrant]

i have opened an account for forex trading. i have my account here in india with HDFC bank. my bank said to me that he can not transfer funds because the purpose of transfer is trading. he said to me to visit the main branch in state capital for more clarifications.

could anybody tell me about the questions i would be asked at the main branch. and what documentation may be needed.

or can it even be done, or it is illegal.

 

[maheshpai]

hi, Sir is there any way or site which gives Historical data for $ / Re.

 

[VVKB]

You can readily access RBI website for their reference rates of USD-INR. Click 'Archieves' on their home page. Website - www.rbi.org.in

 

[din_chan]

anybody funded their forex account with their credit card from india? how do you do withdrawals? is it to the credit card account or to your bank account?

 

[AakashM]

So what is the situation now? Is it legal or illegal to do Forex trading in India?

 

[speculator]

So,who is the first one here to bell the cat? it seems nobody wants to answer the query in affirmative.
The bottom line is that Indians should not be deprived of the great opportunities in the Forex trading.

 

[flipips]

Speculator.. i dont think Indians are deprived of the gr8 opportunity.. the only thing is that indians lack the proper awareness, and are mostly afraid of the deals.. those who DARES..WINS...