Trading in foreign currency is known as Forex vozdejubilo.comors willing to take advantage of currency appreciation can participate in currency. Forex trading is legal as long as the currency pair is INR. So you can trade Forex in India with Indian Brokers, what's illegal so far is trading with currency pairs. Forex Trading is the foreign exchange marketplace where currencies are traded. Now whether forex trade is legal or illegal in India is what you.
Forex trading in simple terms is the trading in currencies from Dubai, I need to make the payments in UAE Dhirams as Indian Rupees are not. Fundamentals Of Forex/Currency Trading: Beginners/Simple Guide to Forex/ Currency Trading in India, Currency trading basics, Forex Basics - Forex Trading . First a clarification – Foreign Exchange trading or Forex trading in India is illegal. It may sound a little surprising and strange that why should there be an article.
Forex trading is one of the very new investment concepts in India that was popularized by several brokers promising massive returns with minimal investments.