Menu

How to do legal forex trading in india

4 Comments

how to do legal forex trading in india

By Bhaveek Patel 17 Comments. In yearRBI has come up with a clear notice that, Indians are not allowed to trade in International Forex OTC over the counter market you can read it on the website of RBI. In the meanwhile, stock exchanges has opened the gateway for traders to take positions in currencies like USDINREURINR, GBPINR and JPYINR. Currently these four currency pairs are available for trading, But there is a trick by which big traders are trading EURUSDGBPUSD and USDJPY using those 4 currencies. This trick is known as creating exotic currency pairs i. This is done by taking positions on different currency pairslong and short combination. If you wish to be long on EURUSD, then long EURINR and short sell USDINR. So with these two positions you are net long on EURO and net short on USD. How as your position in INR will be neutral as you are both long and short on it. For more help look on the below image. Bhaveek Patel is technical analyst and investor, his areas of interest includes stock market, forex and gold. August 18, at 4: Are you trading eur usd with this equation and what are the results you get? As I calculated the brokerage, it is legal 2 pip as compared with international trader because volume you trade how double one is short other is long position. And the leverage is less 1: Thanks again and do share your results. August 18, at 7: You are right the brokerage will be double as you will open 2 positions here. I have seen the 3 months correlation between them and found it very high around 0. I can remind you india this is only legal to trade forex major currencies. Leverage is limited for us, but international forex have very high leverage about 1: August 31, at I am trading in forex from last 2 years. I am here is Trading, no restriction to Indians to open forex account and all income is white. But in India my relatives are saying that as per RBI its illegal to trade forex there. September 1, at 5: I am not sure about this thing, But as per Trading Indian citizen is not permitted to trade foreign over the counter OTC market. But yes if your relatives are having citizenship of other country then they can trade this forex market. April 11, at I had seen your mail in ournifty. Forex trading legal in arab countries like as Saudi, Dubai, Bahrain. Bhaveekji, I am regular trader in forex, but I am not making money that I was expecting. Hi Ashish, I see its becomes difficult to trade forex some times, but yes money can be made trading forex, I am currently managing some forex account with some seriously high balance. March 31, at 9: Hi, I forex thinking to start forex trading but later on going through your article, I will be trading forex on indian exchanges. I think it will be safer to trade here, do you provide any advice or tips on forex trading. Also I was interested in organising seminar here at new Delhi. I have already mailed you the proposal for seminar. September 1, at January 31, at May 1, at 5: In other words, you stand to profit forex major moves when economic news events such as trade balance data releases, Interest Rate decisions and monetary policy decisions are scheduled. Still, others brokers allow you to trade whichever size you wish, even one unit. May 22, at June 10, at 5: December 5, at 7: How, please suggest me …. And if i use these USD in forex trading on eurusd, gbpusd, usdjpy etc. Then i want to give the tax for earning by forex trading, it is legal or not in India? January 16, at Your email address will not be published. Notify me of followup comments via e-mail. You can also subscribe without commenting. About Us Contact Us Privacy Policy Disclaimer. OurNifty is Powered india Wordpress and hosted on Hostgator VPS. Trading Account Downloads Seminars Nifty Trend Finder Disclaimer Contact Us About Us Learn Technical Forex. Forex Gold Intraday Stocks Midcap Stocks Multibagger Nifty Nifty Legal NSE Amibroker. You Should Read This: Selecting Trending Currency pair for Forex Trading Majority of the forex traders use technical analysis approach to trade, most of these india traders want the currency pair to follow the trend, may be up or down. When I say about forex trading Buy EURUSD above 1. Sell EURUSD below 1. EURO is having high interest rate than USD so many traders only look trading buys in EURO. About Bhaveek Patel Bhaveek Patel is technical analyst and investor, his areas of interest includes stock market, forex and gold. Comments darshan says August 18, at 4: Leave a Reply Cancel reply Your email address will not be published. Selecting Trending Currency pair for Forex Trading Next Post: Subscribe for Free Updates. Recent Articles Penny Stocks List Traded in India on NSE for Stocks for intraday trade for General Budget — 17 Positional Trading with Nifty Options Live Open Interest Live Nifty Options open interest in Excel sheet Nifty Options trading legal for Budget Session Trading Holidays list for NSE, BSE, MCX and NCDEX Stocks for Intraday trading: HDIL, DLF, LUPIN, JSWENERGY. Popular Categories Amibroker Forex Gold Intraday Stocks Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis.

Forex Trading Broker Issue in India & Pakistan

Forex Trading Broker Issue in India & Pakistan how to do legal forex trading in india

4 thoughts on “How to do legal forex trading in india”

  1. Aki says:

    Anything they think they can drag up on the President- no matter how small or how stupid the Republicans look they are going to use it.

  2. Alla25 says:

    Her most recent concern is with what we teach in IR and the use of information technology to facilitate a broadening of the very narrow scope of what the American IR discipline covers.

  3. AndreyShn says:

    His heroes often appear to simply be loners, the outcast of society who will always speak through action rather than words.

  4. Agel says:

    Such written work has to be presented in a strict format according to the common rules and the requirements of the institution.

Leave a Reply

Your email address will not be published. Required fields are marked *

inserted by FC2 system