How many Indians really trade forex on live accounts?Share your experiences..

hiya ankit
i hv heard that currency trading by individual is illega in India i just want to confirm it 4m u may u know more ab. this as u r in this profession...

Well, Actually its not my profession...As in we trade for corporates..So, we dont interact with individual traders..

Now, coming to the point whether Currency Trading is Illegal in India or not....The answer is ; Nothing is clear on that.

On one hand you can trade USD/INR pair(only) on MCX and NSE through the futures contracts(not Spot).

Also, RBI has no where commented on forex trading being illegal. They havent allowed it specifically and neither have they made it illegal. Its very ambiguous stand of RBI and as a result different people take it differently. Risk takers go ahead and trade it and Risk aversors just leave it.

I personally dont know anyone who trades forex from India. But, I am more than 100% sure that many traders do that.

Luck

Ankit

hello sir. i want to start trading in forex and riquire right guidence for initiation can u help me

Privy sure i will help .
Just put your introduction here as i have put in my first post of this thread. Let us know each other and then proceed forward step by step

Regards
Pipshower

What kind of asset management are you looking for ?
I am not able to send you PM for the reason unknown
But if you are really interested we can talk on Yahoo messenger about this.
My yahoo messenger id is pipshower
So let me know more details...

Regards
Pipshower

PMs have been disabled on traderji in the view of recent unforutnate events on traderji...Now everything is out in open and clear...

Even I would be interested in the same....Rope me in..

Hello guys, I;m just 21 years old and i have started trading forex since last november and finds this trading as a game which we used to lash for it.... but still i can;t trade by fulltime and do really wants to be a part of the team...

I also recommend starting with virtual money the best for beginners,
i used trading platforms like fxcm, fxd24, forextrader, oanda......

Hi,
You can count me as an Intraday Forex trader, i'm also trading the NSE/BSE equities

Hello everyone.
can anyone tell me how i can add funds to my paypal account from my SBI bank account? i don't have swift code in my bank, only have IFSC code.

what do u mean you dont have swift code? ask your bank people and they'll give u the details.