with brokers abroad. For example, if a EUR/USD trade is executed.1550, this will be the rate at which the currencies are exchanged on the spot date. Forex, trading in, india, what is the Reserve Bank. Is, forex, trading, legal or Illegal in, india? Calls on SMS and Yahoo messenger. But beware of such websites and online trading portals, as per RBI circular.
Spot forex trading in india
India, and how it is to be used and how it is not to be used for Leverage trading and Gambling. Although the forex spot rate calls for delivery within two days, this rarely occurs in the trading community. Because the spot rate is the rate of delivery with no adjustment for interest rate differential, it is the rate"d in the retail market. Brokers offering the highest leverage on your margin money are the best. Forex, trading was never illegal in, india, there was and is restriction in trading few currency pairs, but INR pairs were always legal to trade. There are legal ways of trading forex in India as Indian exchanges like National Stock Exchange (NSE Bombay Stock Exchange (BSE) and Metropolitan Stock Exchange (msei) provides an opportunity to trade in currency derivatives and the list of registered brokers for currency derivatives segment can. Therefore one must know that transferring your money to a forex trading account with a broker abroad is violation of Foreign Exchange Management Act (fema 1999 and may cause legal action against you.
Ideal trading strategy- Trade in 10 lots. India to invest in Equities, real estate and other things, without taking any permission from the RBI but Liberalized Remittance Scheme is not supposed to be used for Margin. Currently four currency pairs are traded in futures market viz. Ideal investment required 25-30k to trade in 10 lots in every call. Forex recommendations we provide are generated by the science of Technical analysis by a team of highly experienced Analysts. For starters, the Foreign Exchange Market is the market in which participants are able to buy, sell, exchange and speculate on currencies.