Question about Forex market in India?

Question

I'm interested in doing forex trading in India, because I think the capital market there is pretty stable and people have good discretionary income. However, my understanding is that RBI strongly regulates the forex market partially because it is afraid of possible currency manipulations by large institutions. And since it is possible to have a very high leverage in this market, people could lose a lot of money without enough prudence, and the government is aware of this, trying to control the forex market to a certain extent. So my question is, how much does the Indian government want to control the forex market, and what kind of rules and regulations regarding the forex trading and the relevant market are put forth by RBI? Are there any available websites or documents pertinent to the foreign exchange market in India I can take a look at?

Answer 1

You can use automated forex systems to do all forex work for you .

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Best wishes for you my friend

Answer 2

I am trading in Forex market in India with http://www.finexo.com/, which is a business partner of Denmark's Saxo Bank, with its headquarters located in Düsseldorf, Germany.

Here you can open a mini account with $100 and can start trading with it. the leverage provided by finexo is 1:200. You can deposit money using VISA, MASTERCARD and DINERS. They charge the spread (depending on the currency pair, and account type: mini: 5 pips, classic: 3 pips, VIP: 2 pips,). which is very low compared to other dealers.

I earn 11.5% monthly return and my portfolio is managed by the Best in industry.

I am providing various links which contain rules and regulations issued by RBI. Find the best which suits you.