Usually the broker will send you an email containing a link to activate your account. Thus us dollar becomes stronger and our inr looses its purchase power due to lack of demand and over supply. NJ Nishal Jagarnath Aug 12, And, my blatant answer is You can trade forex openly and leagaly as you can gamble in casinos of Goa whereas operation of Casinos is illegal in other parts of India. LM Lauratia Mogane Aug 2, Reports on a country's GDP, for instance, or reports about other economic factors like employment and inflation, will have an effect on the value of the country's currency.
As I have mentioned earlier that when forex trading was introduced in India, there were only foreign brokers like FXCM, ALPARI, GCI, AVA, OANDA etc. After restriction from the Reserve Bank of India, investors can trade in Forex but only through Indian SEBI registered broker.
1. Forex trading is the easiest way to make money!
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NSE BSE trading platforms offers opportunities, for any one to start trading in Forex in India. In forex trading, since margin required per lot is too small, it attracts lot of traders, but volatility is too high to digest so be careful. Forex Trading is illegal in india in any manner. Without broker no one can trade except brokers, big companies and inter banks. read here complete method how to trade legally ; Forex Trading In India: How To Trade Legally; you cannot start forex trading in india within all legal boundaries; The only reason why fx trading is illegal in india is LEVERAGE. Forex Trading is same as that of equity trading. In equity trading rate of share matters while in forex trading exchange rate matters. You can buy or sell currency pair as per your expectation of movement in currencies.