Answer
no, it is not. but many indian banks do not allow the deposits in forex trading accounts. hdfc, sbi and hsbc do allow

FOREX Investment is not available in India Why ?

I want forex investment but I am in India .. Forex investment only some countries expect India . Is true fast return amont of Forex Investment ? I visited Forex marketing website that is wonderfully . I want that Return money come back to me very fast after few days or few months . I have difficult to investing amount in Forex Investment .. I have not credit card .. What i do for Forex Investment . i will apply Reliance company for Investmet. If i invested Rs 3500 for 3 yrs , 181.6 % . after 3 yrs , Return money around rs 40000 above . if You do know it , pl explain .

Answer
Mate, be thankful that it's not available in India - because if it was, you would have 99% sure instantaneously lost every rupee. To be honest, you donât sound like an expert in investment and you say yourself that you have difficulty. Stay as far as you can from Forex at your stage.

Thereâs a reason New Delhi prohibits Forex in India, (Iâm too from India) and Forex is very bad for innocent citizens being hustled by third parties and being convinced they can earn a lot very fast. The rate of loss is massive, 93%!

If you want to go around the system set up to protect you, be my guest and apply for a virtual card and play on Forex USA or whatever â but no sympathy when you lose your hard earned money. Invest safely buddy, especially if you have a wife / kids to feed.

How one can start a forex trading in india. Is it profitable.

Answer
First, I suggest you to sign up for a demo account. Trade until you able to consistently making profit. Then, put in some real money that you can afford to loss. You may loss it, treat it as tuition fee. Finally, hopefully you would have master the skill to win in the long run.

There are many free resources, just search it online. If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.


Best Wishes,

How is the currency value of India and Poland determined?

How is the currency value of India and Poland determined?

Answer
The what is known as the FOREX Traders , move the value of all currencies up and down against each other. FOREX stands for foreign exchange.

The Traders work for Investment Banks, and they bet huge amounts of money (Called Trades) on whether a currency will go up and down.

I wnt to be a millionaire in india , how to get idea small business ? or MLM is good website or orginial webiste in india ? i join pyrmaid business .. pl help me

Answer
You can try forex trading. I have been trading for more than three years and I don't regret getting involved. Make sure you are well trained before venturing into it.

Repatriating money from India to US frequently?

I have a apartment property in India that fetches Rs. 25k per month ( approx $600 ). It could total upto $7000 per year. Can I and if so how can I repatriate that money per month or per year? I am a recently naturalized US citizen who is about to obtain an OCI ( overseas citizen of India ) status.

Answer
Rental income, being a current account transaction, is repatriable, irrespective of whether the property was purchased through forex or other means, only if tax is paid or provided for. The same holds good for capital gains on property acquired through inheritance or other sources. Since you have used forex to purchase the house, you can repatriate the capital equal to the US dollars used for the purpose.

Person must have experience as IB in various offshore companies working in INDIA/new bees are also welcome.

Answer
I ran a data center in India but no longer have a passport :(

How do people figure out the currency exchange rate?

Seriously? How do they figure this out?
I calculated the currency exchange for a bag of chips in India which were for 10 rupees, and that was like 21 cents in the USA. Let me just say that the potato chips bag was medium sized.

Answer
Like many other things in economics, supply and demand of the foreign currency will determine the exchange rate in the foreign exchange market (or the equilibrium, aka the spot exchange rate). Supply and demand are constantly fluctuating which is why the spot exchange rate (equilibrium in the ForEx market) is always fluctuating.
So, it's not people that figure out the exchange rate, it's the foreign exchange market :)