Hi its like i already have a cybercafe in candolim goa and i like to do more with it so i decided to start forex trading cus this place is full of foreign guest for 7 months and i personally think its booming business so your help will be really appreciated thankyou

Answer
I've never tried Forex myself, however I do have a few friends who do this daily. I asked them for some advice so I could answer your question. Both of them said go here. http://bit.ly/byosMz I'm not sure if this helps you or not. But these guys do very well so I trust them. Good Luck

exchanges in india trade in currency options. true or false?

Answer
Forex currency trading in India is growing at a huge rate. It's an open market which means practically anyone can trade. Best way is to trade online through an online forex broker.

Q. can i enter forex market from india ???

what pairs can i trade on from india ?
Rupee(Indian Currency) : USD
Rupee : Euro ???
what exactly i can trade on ??

Answer
Spread:
1 pip on 4 majors for Mini Accounts
2-3 pips on majors for Pro Accounts

Leverage/Margin:
Up to 500:1 on Mini Accounts
Up to 400:1 on Pro Accounts
Account Sizes:
Mini Accounts: $250 - $5,000
Pro Accounts: $5,000 and up
Contract Sizes:
Mini Accounts: 1k (micro), 10k (mini), 100k (standard)
Pro Accounts: 10k (mini), 100k (standard)
Trading Hours:
Sun 17:00 EST - Fri 16:00 EST.
Swap Schedule:
Mini Accounts are swap-free.
Pro Accounts earn or pay swap interest.
Pro Accounts rolled over at 17:00 EST.

Interest on Unused Margin:
2% annually.
Platform:
MetaTrader 4.
To get a free demo account .


There are 3 methods of deposit available: Wire Transfer, PayPal, and Moneybookers.

http://forex3333.tripod.com/

names of forex trading companies in india?

I would like to know the genuine forex trading companies in India

Answer
Hi :) There are a lot of forex brokers online with Indian customers.
I suggest you to try Marketiva, which gives you 5$ free to start trading without depositing money.

For more details visit: http://www.brokers4forex.com/preferred-forex-brokers/marketiva-trade-forex-with-5-free.html

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?

Answer
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

Forex trading hours between USD and INR?

I see that the USD-INR forex rates seem to change only during the normal business hours in India. Are those the only hours for forex trading in USD-INR? If so, what about all those services that offer 24 hour trading -- is there some misunderstanding on my part?

Thanks.

Answer
If you are in India and looking for the 24 hrs trading, in my openion, you cannot. NSE is not round the clock market like forex. I am not suer if there are any regulations in place from Inida (RBI)

I see that the USD-INR forex rates seem to change only during the normal business hours in India. Are those the only hours for forex trading in USD-INR? If so, what about all those services that offer 24 hour trading -- is there some misunderstanding on my part?

Thanks.

Answer
If you are in India and looking for the 24 hrs trading, in my openion, you cannot. NSE is not round the clock market like forex. I am not suer if there are any regulations in place from Inida (RBI)

I have started forex trading. I live in India. To my shock I found in internet that forex trading is illegal?

Pls help if i can go ahead with the forex trading.

Answer
No, it is not illegal. Where did you hear that??

Can any one suggest about doing Forex trading from online from India is legal and also which method of depositing and withdrawal is good to do with Forex trading company which is for a safety purpose and also to cut the taxes?What is the RBI standing for a Forex Trading by Individual in India at now?

Answer
RBI guidelines keep on changing. Every system has loopholes.

You need to evaluate many points:

1) What is the standing of the broker as per the rgulations- regulated or now?
2) Do they have any necessary approvals required for remittances?
and many more:

Suggest to check the RBI gidelines and look for the finer points there:

1) http://www.rbi.org.in/Scripts/FAQView.aspx?Id=66
2) http://www.rbi.org.in/scripts/FAQView.aspx?Id=53

These are covered in the following post:
http://www.forexabode.com/forum/viewtopic.php?f=5&t=52

Is forex banned only in India or also for Non residing Indians?

I know Forex trading is banned in India. But is it banned also for NRIs? (Non Residing Indians) I'm in India and I can't trade. But my friend in Australia can trade although he's an Indian by citizenship isn't it? So If I invest with him, he can trade and send me my profit share through Western Union Money Transfer right?

Answer
I have Indian friends in New Zealand opened accounts for friends in India.
Their friends then trade from India.
My Indian friends are not New Zealand citizens so I am sure it will work te same for you.