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Forex trading is simply the act of exchanging one country's currency for that of Another Country. This is not illegal and is done all over the world at banking and other financial institutions. It is especially common amongst travellers who exchange their own currency for that of the country they intend to travel to.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoForeign Exchange (FOREX) trading is legal and allows the trade of one currency to another.
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Why is forex trading illegal in India?
Forex trading is illegal in India because so that no Indian currency would be converted to dollars for trading.
Is forex and fxcm trading legal or illegal in Pakistan?
yes
Where can one find a forex trading company in India?
In the country of India, Foreign Exchange or Forex trading is illegal. Any person found to be trading on the Forex market will be arrested and will face jail time.
Is forex trading applicable in India?
There are no clear laws or rules that define this but in general citizens cannot trade forex directly of by themselves. They need to go through a regulated assigned forex broker. The income derived from forex trading is taxable as well. Forex trading is illegal in india but still some traders trade as of my view its better to trading in indian market like NSE,BSE or mcx safe payment and legalized in india so no worries about payment you can make money better then forex trading like trading in NIFTY and bank NIFTY in stocks index Search kuber trading school in google for more details
Is forex and fxcm trading is leagal or illegal in Pakistan?
yes it's illegal if working without licence of DGCX but there are some companies working like this.
Is forex is a legal business?
Trading forex is legal and for most cases is not different from trading stocks (though you should check the law in your own country). There are some firms that present themself as forex brokers and are involved in illegal activity. Check if the broker is legit before opening an account!
What is the managed forex?
"The Managed Forex has to do with trading.
What companies produce Forex trading guides?
The companies that produce Forex trading guides are Oanda, FXCM, and Investopedia. Forex trading guides help an individual with beginner trading strategies.
Where can a person find the latest Forex trading news online?
The latest Forex trading news can be found online from many specialized sources. One example is Forex-Experts, which provides regular updates on Forex trading.
What is one Forex trading company?
One Forex Trading company is a company that offers world wide trading. It offers online trading and mobile trading. Forex also offers many charting packages.
When did ACM begin trading in Forex?
ACM began trading in Forex, or foreign exchange, in 2004. Forex is trading currencies from different foreign countries against each other. There are many benefits to Forex trading, such as the 24 hour market and low transaction costs.
Are mentoring Forex Trading Signals programs worth it?
When you are selecting a forex advisor for trading, you should select that advisory company who has a good reputation in the market. And also Forex trading depends on the efficiency and analysis of your forex signal advisor.
