Forex Trading In India??

Hi guys, I was wondering if anyone of you could tell me if Forex Trading was allowed in India, and that for teenagers....Is it allowed by the law? I

I wanted to invest and start trading, but I thought I'd first ask all of you. If anyone is currently an Indian and also trading in forex, please tell me your experiences...as in if you're allowed or not.


Thanks

 

Hi refreasher,
Its allowed. Though i am not trading my father traded in my name when i was below 18.

 

Yes, Forex trade is allowed in India. you can read here :Forex Trade in India

 

Could anyone just tell me a brief of how to actually go about it...i mean how to learn, where to start and other details for a newbie. Also I went across this word "pip"...could anyone explain the meaning of this term

Thanks a lot

 

Probably the best way is to pay a visit to a local share trader.

 

I think pip stands for percentage in point.

 

Thanks guys, by the way have any of you two(Surat and jallikatu) had experiences in trading in forex?

 

Passive observer here.

 

Nope but i have read and written many articles on Forex Trading.

 

You can learn your basics through Baby Pips. Its fun, and the learning curve is built up remarkably well there. It may help you...

 

Any good site where I can start learning, where I mean I can trade using virtual money or something like that..but no risk, no real contacts and no actual money...i hope you understand

Thanks

 

Yes you can do Forex Trading and good for you as few weeks ago BSE and NSE also started Forex trading, so you can do FOrex Trading in BSE and NSE.

 

One can trade in Forex through NSE platform itself....though at present, it offers trading in futures, only in INR vis-a-vis US$....

Regards,

RightMan