Is Forex trading legal in India?
Is Forex trading legal in India ? this is one of the biggest questions in the mind of Indian investor. As per RBI guideline, one can invest in forest trading with the help of registered forex broker. These broker invest in India stock exchange like NSE and bse. Now the question have arisen that how can you identify who are register dealer. You can find all registered dealer list at sebi website ( www.sebi.com)
Here you have to keep many things in mind. There may be many dealer who offers high return on your forex trading investment, these are fake brokers whom main objective is to trap you in their scene. It is common sense no one can provide assured high return, if it would be possible then why are they not investing their money. You should abstain from these type of fake dealer. You should think twice while investing in any market whether is stock market or currency market, risk is the common factor of every industry.
Some key point that you should keep in mind while investing in forex trading.
– firstly, you should have some basic knowledge about currency trading, so that, your hard earned money will not goes in the hand of wrong people. Basic knowledge will help you to understand about what is wrong and what is right for your investment. it is myth that you can earn lots of money in currency trading. There are so many tempting advertisement in the market that attracts many investors in this market. Investors enters into currency trading after watching this advertising scheme. But, in the end, they have to suffer heavy losses that make a perception in their mind that currency trading is a scam. But their loses is result of their lack in knowledge about basic of forex trading market. But, they blame the all the things on currency trading exchange.
-invest less amount in the beginning, so that you can learn about how forex stock moves. When, you earn money, you will soon get confidence at your investment. After some time, you can increase the amount of investment as per your requirement.
– if you have friend who are also doing forex trading in India, then you can take help of him in learning some basic fundas of forex investment. He will also tell some strategy to earn profit. His experience will tell you each and everything about what is forex trading and how can you mean profit in this market. You can also do course regarding this market.