New to Forex trading

A

arvindravikumar

New Member
#1
#1
Dear experts,

I am new to forex trading. I have been on a demo account for the last 2 months and now live.

I have funded the account using card. If I transfer forex to my bank account from the broker, would it lead me to problems?

Which bank do you suggest would be the least cumbersome of them all?

another thing is taxes.

How should this be handled? I have seen many experts here who have been trading in forex for more than 3 4 years.

Please pour in your experiences and suggestions to help this newbie friend of yours

Thanks
Arvind
 
mrgarry

mrgarry

New Member
#3
#3
arvindravikumar said:
Dear experts,

I am new to forex trading. I have been on a demo account for the last 2 months and now live.

I have funded the account using card. If I transfer forex to my bank account from the broker, would it lead me to problems?

Which bank do you suggest would be the least cumbersome of them all?

another thing is taxes.

How should this be handled? I have seen many experts here who have been trading in forex for more than 3 4 years.

Please pour in your experiences and suggestions to help this newbie friend of yours

Thanks
Arvind
Click to expand...
What broker u are using?, second if you have electronic money you can also use it, it much faster. For example Webmoney, or something like moneybookers. Fees is different in every broker, depend on politics and bank rules.
 
A

arvindravikumar

New Member
#5
#5
Thank you very much for helping me out. Will take your suggestions


Globe Gain said:
Im not from India, so unfortunately I cant consult you on the taxing issues. I believe you should go to the local tax authority and ask there.
Click to expand...
Well how i wish I could do that. Forex trading is kind of banned for resident indians!!!:D
 
dub

dub

New Member
#7
#7
Arvind, the best way to transfer fund in your case it's a PayPal, Moneybookers or Liberty Reserve. mrgarry wrote about Webmoney but I've never heard about it. Check PyPal but as know it uses increased commissions for Indians.
 
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