Hallow ! I am a new member and am interested in doing FOREX trading on line. I have seen some FOREX on line trading sites and have also tried for about one week to use the DEMO sites for doing FOREX trading on line. I am now feeling a little more confident and would like to know the following.
1. I live in Mumbai . Is it legal to do FOREX trading on line from these sights from Mumbai. I plan to deposit only US$ 500 to start with and check how the trading goes. A friend of mine told me that I have to get Reserve bank permission to do this. Is this true? If so how do I get this Reserve Bank permision.
Are there any reliable and approved sites where we can do FOREX on line trading of currency pairs.
Are there any sites that help you in giving guidance and help in avoiding heavy losses.
Thanks
Reagrds
Kamath
4 December 2011
1. I live in Mumbai . Is it legal to do FOREX trading on line from these sights from Mumbai. I plan to deposit only US$ 500 to start with and check how the trading goes. A friend of mine told me that I have to get Reserve bank permission to do this. Is this true? If so how do I get this Reserve Bank permision.
Are there any reliable and approved sites where we can do FOREX on line trading of currency pairs.
Are there any sites that help you in giving guidance and help in avoiding heavy losses.
Thanks
Reagrds
Kamath
4 December 2011