Joseph asks…
Is forex currency trading LEAGAL in India?
admin answers:
Yes it is but beware always use a regulated broker to protect your money
http://www.breezefx.com
http://www.breezefxaffiliates.com
Carol asks…
who’s best true forex broker in trade forien currency&cfd&commadity ?with low investment in india iam indian?
who’s best true forex broker in trade forien currency&cfd&commadity ?with low investment in india iam indian
admin answers:
The best place to start learning forex is Marketiva
They give you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out. Their platform is very easy to use and they have support during trading hours.
Here is the link to open an account: http://www.marketiva.com/index.ncre?gid=3371
Laura asks…
how can forex trade be legal in india when RBI doesnt allow according to FEMA?
i was very much looking forward to invest in forex but later i came to know through forums that its illegeal in india. then i searched for these FEMA rules it states clearly:
“no person resident in India shall open or hold or maintain a Foreign Currency Account”
then why some ppl on forum said its legal in india? there must be many ppl in india who invest in forex. how to invest legally?
admin answers:
Don’t put money,
first u register with free broker and, win some trading challenge free, then u can withdraw it to your real trading account.
After that u can trade and, trading money can transfer your bank account without any doubt.
All the method describe very clearly in tradestealer e book
you can download in here
http://www.tradestealer.com/
coupon code- testing123 $42off your order, then actual cost is $5
Steven asks…
TAX on Forex currency?
I am Indian citizen and residing in U.S for a while. I have account with forex.com in U.S to trade currency in Over the Counter market. My question is that any profit arise from currency trading, is it tax in India or not? I don’t have social security number in U.S so I cannot file income tax in U.S . Do I have to report the income (profit) when I file income tax in India? Forex broker don’t give out any kind of form or information about tax purpose.
Thanks in advance
admin answers:
I believe you must report the income when you file your income tax in your own country. You do not need a U.S social security number as the broker is just the middle man for a world wide market.
John asks…
Forex Trading In India?
I have few Questions on Forex Trading. I am from India.
1. Is Forex Trading legal in India ? that is currency trading?
2. Whom do you recommend as a good broker in india ?
3. I am just a newbie in forex and would like to know what is the minimum amount that you need to have to start trading ?
2.
admin answers:
Forex trading is legal in india and most of the countries
http://www.bestforextradingplatforms.com
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