Forex Trading legal in India: How to start Forex Trading guide for Indians

Forex Trading legal in India (How to start Forex Trading, a guide for Indians): When I first started with the idea of Forex Trading, I found a topic on a forum saying that Forex Trading is illegal in India. But this topic was started somewhere in September 2007. So after some little more study I came to realize that Forex Trading now legal in India as per the master circular from RBI. Not only that, RBI has increased the limit of money transaction through Forex and today as we speak in 2010, Forex Trading is becoming an increasingly aggressive business in India.

Following the RBI approval, Alpari, an UK based trading company launched their first forex trading platform in India somewhere in June 2009. Since then Forex Trading has been popularized in India. Now we have many trading companies which are agresively trying to capture the Indian potential and monopolize the forex business in India.

Now the question is, is it the right time for Indians to jump into Forex Trading? My answer to this question is “Yes, of course, if you know how to trade” because Forex is a very different market and sucess rate is just 5%. It’s not that easy to win in forex but of course not impossible. Forex is huge, so huge that not even a centralized bank can regulate it. It’s some 4 trillion daily transaction per day at present and it’s rising. So even tough it’s hard, if you can get into this 5%, you are sure going somewhere. Think about it.

PS: Yes, I am going to write about forex trading and how to trade in Forex for Indians on this blog from time to time. Check back for the latest updates.