I am from india and i have have been studying in school of pipsology. When i googled it says it is illegal in india ? can anyone help me with that
Forex trading is not completely illegal in India. Only currency pairs which involve INR can be traded legally on Indian Exchanges. 4 such currency pairs (USD-INR, YEN- INR, GBP- INR and EUR-INR pairs) are currently available to trade. Trading on other currency pairs is illegal under FEMA Act. It must be noted that forex trading through online broker is a Non-Bailable Offence in India.
But still i have come across so many peoples in India, Who are trading all kind of currency pairs and they are teaching about forex and how to trade in all kind of currency pairs
As I know; till now you can use few major FX pairs officially.
They are probably selling how to trade rather than actually trading themselves!
India have you tried this URL Learn Forex Trading at School of Pipsology - BabyPips.com
also many or almost all pay educational forex don’t specifically teach trading but that particular traders/persons methodology, Which may or may not fit your personality type.
Do the school if you can and there are a few more very good free ones available if you still can’t get in.
And at the same time maintain a sandbox account until you have enough trades to understand the basics and develop your trading personality.
Actually i read everything in school of pipsology
And i just want to know whether it is legal to trade forex in india or any methods to trade forex legally in india
Hello, mani
Maybe THIS POST from last fall will provide the answer you are looking for.