Mr.Vinayak Karandikar , from Pune India

Introducing Myself ,

Interested in forex trading , Tried for last 4/5 years, not very happy with the results, But still has not given up hope. Reserve Bank ban on fx trading have made the things unnecessarily complicated & difficult. I dont know if there is any good legal way out to carry out forex trading in India. If anybody has got good ideas he can share them with me. I am in search of good trading strategies which can consistantly give me 50 pips every day. At least I can not afford to pay for them. Free strategies are welcome. I am 77 years old, educated person, can give 2/3 hours time every day for trading.

Happy trading for all. I want to learn options also if they can give fast results.

Hi welcome on-board. Erm… May I know fx trading is ban in India? Sorry I don’t know about it…

You’re actually asking a [B]very[/B] complicated legalistic question, here, which probably only a [U]specialist lawyer in India[/U] is going to be able to answer confidently. In your position, I would give no credence at all to opinions from other people. Trading forums are full of discussions about the legality of forex trading in India, in which the range of opinions expressed varies from the sublime to the ridiculous. My advice to you would be to be [I]very careful indeed[/I] by whom you choose to be guided.

My own impression is that it probably isn’t illegal if it involves the Indian Rupee as one of the two currencies traded. Otherwise, these might help …

[b]301 Moved Permanently

Forex Trading in India - Legal or Illegal - A Critical Analysis

https://www.quora.com/Why-is-forex-trading-illegal-in-India[/b]

Power Lexys!!! Everything is so detail… So embarrassing that I don’t even know forex is illegal in India…O.olll… Now I know as long as trade with India pairs it legal.