Is Forex Trading valid in India? What are the essential steps and eligibility criteria to get an account and how much can be made on initial investment of about Rs.10000 ?
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Forex trading is valid. There are also some exchanges for this. There are regulations for dealing in foreign exchange. for detailed knowledge, please search on Google Search engine.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
I think forex trading is risky and I don't know your background but extensive knowledge about other currencies and world trends is necessary to operate in this volatile field!
nagalakshmi.karunanidhi wrote:
[quote]Though I am unaware of forex trading I would like to learn some new things from others replies. :) :)[/quote]
Foreign exchange trading is nothing but exchange of one currency for other. Reserve bank of India controls foreign exchange. There are approved dealers for dealing in foreign exchange.
For detailed knowledge, please search on Google search engine.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
Well there are brokerage sites which offer free forex trading software for a trial period for live trading with fack money which can be a amazing learning experience for all.
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Before you step into this field,gather as much knowledge as possible.It's a highly technical matter requiring minute observation over a period of time!
