how can forex trade be legal in india when RBI doesnt allow according to FEMA?
Question by md gadget: how can forex trade be legal in india when RBI doesnt allow according to FEMA?
i was very much looking forward to invest in forex but later i came to know through forums that its illegeal in india. then i searched for these FEMA rules it states clearly:
“no person resident in India shall open or hold or maintain a Foreign Currency Account”
then why some ppl on forum said its legal in india? there must be many ppl in india who invest in forex. how to invest legally?
Best answer:
Answer by ?
don’t put money,
first u register with free broker and, win some trading challenge free, then u can withdraw it to your real trading account.
after that u can trade and, trading money can transfer your bank account without any doubt.
all the method describe very clearly in tradestealer e book
you can download in here
http://www.tradestealer.com/
coupon code- testing123 $ 42off your order, then actual cost is $ 5
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