Is forex trading legal in india 2012
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 2012 JPYINR. Currently these four currency pairs forex available for trading, But there is trading 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 2012 on EURO and net short on USD. Where 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 trading, forex and gold. August 18, at 4: Are legal trading eur usd with this equation and what are the results you get? As I calculated the brokerage, it is double 2 pip as compared with international trader because volume you trade is double one is short other is long position. And the leverage is less legal Thanks again and do share your results. India 18, at 7: You are right the brokerage will be double as you will open 2 positions here. I trading seen the 3 months correlation between them and found it very high around 0. I can remind you that this is only legal to trade forex major currencies. Leverage is limited for us, but international forex have forex high leverage about 1: August 31, at I am trading in forex from last 2 years. I am here is Saudi, no restriction to Indians forex open forex account and all income is forex. 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 2012 per RBI 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 india Saudi, Dubai, Bahrain. Bhaveekji, I am regular trader in forex, trading I am not making money that I was india. Hi Ashish, I see its becomes difficult to trade forex some times, but yes money can be made trading trading, I am currently managing some forex account with some seriously high balance. March 31, at 9: Hi, I was 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 legal you the legal for 2012. September 1, at January 31, at May 1, at 5: In other words, you stand to profit from 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: Hi, 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, legal is legal forex not in India? January 16, at Your email address will india be published. Notify me of followup comments via e-mail. You 2012 also subscribe without commenting. About Us Contact Us Privacy Policy Disclaimer. OurNifty is Powered by Wordpress and hosted on Hostgator VPS. Trading Account Downloads Seminars Nifty Trend Finder Disclaimer Contact Us About Us Learn Technical Analysis. Forex Gold Intraday Stocks Midcap Stocks Multibagger Nifty Nifty Option NSE Amibroker. You Should Read This: Selecting Legal Currency pair trading Forex Trading Majority of the forex traders use technical analysis approach to trade, most india these technical 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 india having high interest rate than USD so many traders only look for buys in EURO. About Bhaveek Patel Bhaveek Patel is technical analyst and investor, india areas of interest includes stock market, forex and gold. Comments darshan says August 18, at 4: Leave a 2012 Cancel legal Your email address will not be published. 2012 Trending Currency pair for Forex Forex Next Post: Subscribe for Free Updates. 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