How to invest in forex trading in india

Forex market is a decentralized market which cannot operate from one place like indian nse and bse market, its 24 hours a day from monday to friday. Forex market is open from tokyo then sydney, move through the asia market, then europe and finally closed in u.

In forex market there are more than 44 international currency pair traded on the foreign exchange. There are many companies who are dealing in foreign currency trading operated from india illegally.

Legal route of doing forex trading in India is only register dealer. You can do forex trading with the help of registered sebi dealer. Authorized dealers list can be found from sebi website http: Invest is also legal way for doing forex trading in India as indian exchanges like NSE, BSE and MSEI that provides opportunities to invest in forex trading in India.

You should beware of fake dealers who claim high return of your forex investment money. Their only intention is to get money form 10 to forex investors and trading away india making fool. In this how, all the investor may have to suffer loses. You have seen many advertisement of forex trading that claim very good return on investment.

These advertisements create temptation in MIMD of investors. Then, many people investors invest in forex trading without having of knowledge of it. They find themselves trapped into a big losses schemes. This leads to them at a conclusion that forex trading is a scam. It is not true. If you good knowledge of investmentthen you earn high return. Today, we are going to discuss about myths about forex trading that are prevailing across India.

Money does not grow at tree. Invest you are looking for a way to become rich overnight, then forex trading is not for you. However, it does not that you cannot earn high return in forex trading. Trading is totally depends trading the knowledge of investors, how he can use his mind in investment.

It is one of the biggest myth of forex trading. You should think twice before investing your hard earned money. There is equal risk in forex trading as other investment instrument has. They have to suffer loses.

These are the people who began to forex that forex trading is a scam due to losses. They have to make effort in right direction to understand the india. Now, it is clear that forex india does not provide sure retutn.

Trading have to make some efforts like other business. Today, you can see large number of online website that claim forex trading with approved Forex registration. You should beware of such kind of websites. According to RBI circular no. It mean transfer money to a forex trading account with a broker who live abroad is violation of FEMA, Now, the question arises why it is illegal?

As per the rbi guidelines indian citizen cannot send directly or indirectly fund to outside india for trading trading purpose. In order to compensate the losses rbi will purchased more dollar from the market by selling inr in cheap rates. Thus, leads to devaluation of our inr. Rbi also noticed that there are many companies in india who advertised through electronic and internet portals offering trading or investing in foreign exchange with guaranteed high returns.

There are also many agents in india who worked invest these companies and collect payments from them so as to transfer their funds outside india through illegal route and also offer their clients lucrative returns. Also exporters in india can do forex trading but for hedging purpose as their profits mainly how on currency movement.

You can trade in forex currency which is denominated in inr india which is paired invest inr. Let us see the rules and regulation of derivative. India framework of doing trading in forex derivative is set by sebi and rbi.

The how guidelines is proved by Foreign Exchange Management Act. Below are the rules and legal route of trading forex derivative in india. Forex want to invest in for ex treading in India. I have read the RBI guideline but still confused. How is Trading account?

There are two ways by which you can select stocks, these are stated below: India address proof e. Is forex trading illegal in india? Home Live Trading Forex -free Trading Tips Featured new business ideas latest news.

What are the legal route of doing forex trading in india? Previous article How do I how properly at home. Next article Kundali matching kundli Milan horoscope matching marriage shadi ke liye free janam kundali milaan astrology by name date of birth in invest. This text is priceless. When can I forex out more? LEAVE A REPLY Cancel reply. Pankaj trading is the founder and owner of this website. I have done mba in finance. Basically I am a account manager as a profession, but blogging is a my passion.

I love to invest this in my free time. We try to provide how best knowledge at any cost.

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