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RBI Rules For Forex Trading In India Is Legal Or Not | StockManiacs

 

Forex option trading in india

Jun 28,  · Forex Trading In India Is Legal Or Not. Trade in Forex market is done on the margin trading principles that means you can trade with a relatively smaller deposit for a bigger amount. In order to save foreign reserve and save country people from loss, RBI restricted forex trading. Previously, LRS (Liberalised Remittance Scheme). Forex trading in India is highly restricted due to the fact the RBI is trying to control the outflow of INR in an attempt to reduce the country’s current account deficit. With forex trading, you are essentially dealing with currency pairs. For an Indian trader, this means exchanging the INR /5(13). In the day trading forex market, you’ll be trading currencies, such as Indian Rupees, US Dollars, Euros, and GBP. In the futures market, often based on commodities and indexes, you can trade anything from gold to cocoa.



Binary Options Trading in India - Regulations, Brokers, Deposit Methods


Legal accessibility of Forex Trading is one of the most argumentative topics in India. RBI has Forex option trading in india certain rules and regulations regarding forex trading. Investors must abide by the rules as the main objective behind these rules is to protect our people and country from loss.

Before step into the main subject, according to RBI whether forex trading in India is legal or not, a basic background history regarding forex trading is essential. It is a decentralized global market and belongs to over the counter section OTC. I hope you have come across the term OTC. Over the Counter or off-exchange is a different kind of market where trading occurs directly between two parties without the Supervision of an Exchange.

Forex is the most liquid, largest and dynamic market in the world with over 5 trillion dollar worth of average daily trading volume. In this market, all the foreign currencies are being traded. Earlier, there were no such restrictions on the Forex, brokers, and investors could easily trade in Forex.

As FERA did not succeed in restricting activities, there was a downfall of the rupee in the year After that, RBI becomes active and put certain rules and regulation on Forex trading. Forex or foreign exchange market is also familiar with another name in India that is Currency Trading. A market where currencies of different countries are exchanged is known as currency market. Here, the currency movement affects the market. A roadmap is given below. The map explains the entire trading process.

If the investor expects the dollar value to reduce Rs. When the value reaches to Rs. The exact opposite happens with the buy trading also. In that case, the investor expects to raise the dollar price. In order to save foreign reserve and save country people from loss, RBI restricted forex trading. Without abide by these restrictions, trade-in Forex considers as illegal. Though, there are legal ways by which you can be attached with FX. You can do trade there with the help of a registered dealer, Forex option trading in india.

Authorized dealer list is available on SEBI website. Investors should beware of fake dealers in the FX. It is advisable to abide by RBI rules and regulation of Forex trade. Now, at present all you need to trade in forex is to have a Demat account. Now, in the lowest brokerage firms also, forex trading facilities are available. Like in Zerodhayou can do Forex trading in various currency pairs. You can easily open a trading account and demat account with a stockbroker within few days.

Read this article to open account in Zerodha within 3 days. However, Forex is the largest market in the world and there is no doubt about it but you should be cautious about choosing your step for trading in Forex. Indrajit is a professional blogger and trading system developer, Forex option trading in india.

Amibroker expert, Wordpress expert, SEO expert and stock market analyst. Trading sincehe has started the journey of StockManiacs. He Forex option trading in india Indian and world stock markets closely.

View all posts by Indrajit Mukherjee. This site uses Akismet to reduce spam. Learn how your comment data is processed. Skip to content. Author: Indrajit Mukherjee Indrajit is a Forex option trading in india blogger and Forex option trading in india system developer, Forex option trading in india. Leave a Reply Cancel reply.


 

Forex Trading In India

 

Forex option trading in india

 

Forex trading in India is highly restricted due to the fact the RBI is trying to control the outflow of INR in an attempt to reduce the country’s current account deficit. With forex trading, you are essentially dealing with currency pairs. For an Indian trader, this means exchanging the INR /5(13). Jun 28,  · Forex Trading In India Is Legal Or Not. Trade in Forex market is done on the margin trading principles that means you can trade with a relatively smaller deposit for a bigger amount. In order to save foreign reserve and save country people from loss, RBI restricted forex trading. Previously, LRS (Liberalised Remittance Scheme). In the day trading forex market, you’ll be trading currencies, such as Indian Rupees, US Dollars, Euros, and GBP. In the futures market, often based on commodities and indexes, you can trade anything from gold to cocoa.