Ok! I was just wondering…
- Joined Aug 2007 | Status: Senior Member | 1,798 Posts
To Live is the rarest thing in the world , Most people exist , that is all
Forex trading is illegal in India? 29 replies
Trading someone else's account from India, please help 10 replies
Trading US Futures from India 5 replies
Brokers in India 0 replies
DislikedBros...Don't take a narrower view on currencies ...anyway i have come to realize it later but still lot of steam left.
Just take an \"upside-down\" view of the markets...Its the end of the world as we know it and a beginning of the new world.
Do not think market will ever come back....it will NEVER......everything will change..west is writing new rules for the game that will suit them.
Look at rupee its 50 now and soon will go 60 or 70 who knows..just for the sake of markets...RBI and government is hell bent of killing the rupee.
what happened to decent school education, enrolling in medical college or engineering, how about putting money on medical research that will cure disease or uplift the real human standard or living.
This gambling of BSE must stop.
All news channels are hell bent on diverting the real causes in India and as if BSE is the oxygen of India masses.
BAN the stock market and the sanity will return to Indian minds.Ignored
DislikedIn a hard drive crash I lost the code for this indicator given in this chart
http://www.forexfactory.com/showpost.php?p=2289247&postcount=258
and now i am having a tough time designing it back, i just do not remember what i didIgnored
QuoteDislikedSir, Individuals who wish to trade local (NSE) and non-local products may do so under a dual account structure whereby a domestic account is maintained for the local activity and an overseas account for non-locally listed products. Accordingly, Indian regulations restrict Forex trading to the overseas account and don't allow for this activity in the domestic account. In addition Forex trading requires margin permissions and Indian regulations only allow IB to provide margin permissions in an overseas account carried on behalf of an Indian resident who is not a citizens. Indian residents who are also citizens may only be provided with a cash type overseas account and a cash type account by design cannot trade Forex. Regards, IB
DislikedGuys its finally been confirmed OTC overseas fx trading is illegal for resident Indians who are citizens. If you're a citizen but have nri status then its not illegal to trade forex in India PROVIDED you fund your account from an overseas bank account and not directly to your broker via outward remittance from India. However if you are a citizen it is illegal and is a non bailable offense.
Just because some of you have been trading paltry amounts and paying STCG tax don't for a second think its legal. What has happened is the income tax department...Ignored