What VIJAY says is technically correct regarding the Indian Central bank’s FEMA rule on trading FOREX.
It is really interesting to see that there are more than 25 international FOREX brokers operating in India either having registered or non-registered offices and there are also more than 25 000 active FOREX traders (according to the 2012 survey) in several parts of India.
I guess it is time we asked Indian Central bank why there are these many FOREX brokers and traders in India if FOREX Trading is illegal in there.
It is also strange that this RULE of FEMA is not applicable for NRI, PIO and OCI even if they live in India.
FOREX Trading is only illegal for an Indian citizen who lives in INDIA. Some people do respect this RULE of FEMA so that they give their fund to be managed by someone who does not live in India. (Funny)
VIJAY seems to be honest and respectful for his country so that he only looks for investors outside India.
I personally believe that his system is worth investing.
Thanks man. You understood well. My own family is saying, you are making good money, invest, they are saying they ll give me the money, But its ILLEGAL. what if i make real good money and get caught. I dont want to take the trouble. Same way i dont do anything and everything to attract customers. I have been posting it here once in two or three months, just to show you guys i am making money and if you are interested, invest with me. If someone is not, well, i respect your opinion.