A/C Manager (By loke12k)
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A/C Manager Discussion
Jan 14, 2011 at 09:35
813 Views
12 Replies
Member Since Feb 16, 2010
1332 posts
Jan 15, 2011 at 09:40
(edited Jan 15, 2011 at 09:40)
loke12k posted:
Professional day trader trading Commodities for a living;
Trading Forex [demo] account to prove my TA skills, to track performance, and as added proof to potential investors.
Why not LIVE account?
For lack of clarity from my country's Central Bank on this issue. As of now, Indian Citizens cannot speculate in foreign exchange currencies.
I'm wondering how come you're professional day trader trading Commodities for a living and you don't have a real account. I think there's a little contradiction.
Regarding the fact that indian citizens cannot trade forex... it's true but it's also not 100% true because there are ways to do that if you use online operators like Liberty Reserve or PayPal to fund your account cause it's still untraceable.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Jan 15, 2011 at 11:03
I have a REAL account to trade commodities ! just that it is not in MT4 platform ! trading commodities through Indian Stock Exchange know as MCX. I'm sure you know that there are other stock exchanges in each country - there is one in mine too !!! for more information about Mcx you can visit their site www.mcxindia.com Why would there be any contradiction?
wrt to your point on ways to start live account, yes there is a workaround to opening a live account. I do not wish to take that headache.
And good luck with your trading.
wrt to your point on ways to start live account, yes there is a workaround to opening a live account. I do not wish to take that headache.
And good luck with your trading.
No overnight billionaire dreams here.... capital protection and decent returns
Jan 15, 2011 at 11:04
I have a REAL account to trade commodities ! just that it is not in MT4 platform ! trading commodities through Indian Stock Exchange know as MCX. I'm sure you know that there are other stock exchanges in each country - there is one in mine too !!! for more information about Mcx you can visit their site www.mcxindia.com Why would there be any contradiction?
wrt to your point on ways to start live account, yes there is a workaround to opening a live account. I do not wish to take that headache.
And good luck with your trading.
wrt to your point on ways to start live account, yes there is a workaround to opening a live account. I do not wish to take that headache.
And good luck with your trading.
No overnight billionaire dreams here.... capital protection and decent returns
Member Since Feb 16, 2010
1332 posts
Jan 15, 2011 at 11:10
I understand now, thanx for the clarification. Hope things will get better for traders in India. Wish you luck.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Jan 06, 2011
245 posts
Jan 15, 2011 at 11:46
(edited Jan 15, 2011 at 11:47)
loke12k posted:
Thanks Solar and best wishes.
Hi solar, u mean forx is not allowed in india? please make it clear to me
Knowledge Is Power
Member Since Feb 16, 2010
1332 posts
Jan 15, 2011 at 11:47
Tradingcompany posted:
loke12k posted:
Thanks Solar and best wishes.
Hi solar, u mean forx is not allowed in india? please make it clear to me
Y
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Jan 06, 2011
245 posts
Jan 15, 2011 at 11:55
(edited Jan 15, 2011 at 12:07)
forexma posted:
Tradingcompany posted:Y
loke12k posted:
Thanks Solar and best wishes.
Hi solar, u mean forx is not allowed in india? please make it clear to me
I am planing to visit india by 2012, and stay like 6 months, but if i can not trade from there, then no need for that
Knowledge Is Power
Jan 15, 2011 at 15:18
Ben,
The regulations are for Indian Citizens against speculating in Foreign exchange. No one is stopping you from trading.
You are welcome to India and trade - as long as you have your laptop and broadband connection, you are good to go. No one is gonna bother.
Many Indian citizens too trade forex actively, but some like me are just a little cautious. There is lack of clarity from our Central bank - some say you can trade, some say you can't.
The regulations are for Indian Citizens against speculating in Foreign exchange. No one is stopping you from trading.
You are welcome to India and trade - as long as you have your laptop and broadband connection, you are good to go. No one is gonna bother.
Many Indian citizens too trade forex actively, but some like me are just a little cautious. There is lack of clarity from our Central bank - some say you can trade, some say you can't.
No overnight billionaire dreams here.... capital protection and decent returns
Member Since Jan 06, 2011
245 posts
Jan 15, 2011 at 15:21
loke12k posted:
Ben,
The regulations are for Indian Citizens against speculating in Foreign exchange. No one is stopping you from trading.
You are welcome to India and trade - as long as you have your laptop and broadband connection, you are good to go. No one is gonna bother.
Many Indian citizens too trade forex actively, but some like me are just a little cautious. There is lack of clarity from our Central bank - some say you can trade, some say you can't.
Thank you very much for clerifying it, so am welcome to India when am set to go in 2012😎
Knowledge Is Power
Member Since Jan 06, 2011
245 posts
Jan 16, 2011 at 04:26
loke12k posted:
Apart from you trading, take time out to enjoy this beautiful country.
Thank you very much, that is why am going there, i love you movies too, expecially you songs in movies😂
Knowledge Is Power
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