I'm interested in doing forex trading in India, because I think the capital market there is pretty stable and people have good discretionary income. However, my understanding is that RBI strongly regulates the forex market partially because it is afraid of possible currency manipulations by large institutions. And since it is possible to have a very high leverage in this market, people could lose a lot of money without enough prudence, and the government is aware of this, trying to control the forex market to a certain extent. So my question is, how much does the Indian government want to control the forex market, and what kind of rules and regulations regarding the forex trading and the relevant market are put forth by RBI? Are there any available websites or documents pertinent to the foreign exchange market in India I can take a look at?

I am trading in Forex market in India with http://www.finexo.com/, which is a business partner of Denmark's Saxo Bank, with its headquarters located in Düsseldorf, Germany.

Here you can open a mini account with $100 and can start trading with it. the leverage provided by finexo is 1:200. You can deposit money using VISA, MASTERCARD and DINERS. They charge the spread (depending on the currency pair, and account type: mini: 5 pips, classic: 3 pips, VIP: 2 pips,). which is very low compared to other dealers.

I earn 11.5% monthly return and my portfolio is managed by the Best in industry.

I am providing various links which contain rules and regulations issued by RBI. Find the best which suits you.

I been interested in the forex currency trading system and was wondering if they really work? anyone have any info …? please help!

I have bought a few autopilot systems and so far they do seem to give a slight edge to the results.

The one that I had the best results was Forex Raptor Software trading system. Forex Raptor made me some money on autopilot.

Ah man, don't follow these.. They'll get you to lose your money. Have your own alerts.

I wnat to read real forex tracer review and know its real features and if it's good or bad expert advisor as i try to find best forex trading expert advisor.

Many forex "review" sites are affiliate marketers just looking to earn a quick buck from affiliate sales and you have to watch out from them (hem, hem, above answers)

If you would like to read a full detailed review of Forex Tracer, feel free to read this review taken from a work at home entrepreneur's blog

http://www.projectpaydaymentor.com/2008/03/forextracercom-review.html

I have spend hundreds of hours researching managed forex accounts. I believe I have found some of the best ones out there…these are definitely better and more consistent than www.managed-forex-accounts.info -these guys constantly change traders because of losses etc..
Accounts are set up directly with broker and require small initial deposit.
Yes, I will be able to make a small commission if people sign up which I think I deserve with all the time I have spent researching this which is literally 100's of hours…
What do you recommend I do?

This is a tough one. Investors with sizeable accounts do not look at advertisements for managed accounts. Everything is done via word of mouth.

The truly successful money managers do not need to advertise in order to find clients. Once they are generating consistent profits and dependable service they simply receive referral clients. This also acts as a filtering process and you are only dealing with qualified clients that are referred from you existing qualified clients.

I have found that many of the "money managers" that advertise are either just starting out or are bottom feeders. This is my personal opinion based on experiences shared by many of the investors that I work with.

If you were going to attempt such an advertising service I would recommend that you start with Investors Business Daily, Wall Street Journal and the Financial Times.

Good luck.

Paul

I just wanna to see proof from experience traders who trade using the hedging strategy in the forex market

I have been using an application at http://www.HedgeStudy.com

to fine tune the various hedge strategies that I currently use in the Forex marketplace.

I have found it quite useful in determining margins, leverages and which currency pairs in should be utilizing.

If you an analytical kind a guy this is pretty cool.

Paul

that depends on country to country. Usually Forex traders receive a significant tax advantage over securities traders under Section 1256: reporting capital gains on IRS Form 6781 (Gains and Losses from Section 1256 Contracts and Straddles) allows you to split your capital gains on Schedule D, with 60% taxed at the lower long-term capital gains rate (currently 15%) and 40% at the ordinary or short-term capital gains rate of up to 35%. That combined rate of 23% amounts to a 12% advantage over the ordinary (or short-term) rate.

Tax reporting for Forex traders can be rather complicated. Even the IRS does not yet have a clear process. It is best to contact a tax expert who specializes in Forex issues.

Finexo is best for saving high capital Gains

India is one of the most internet users country, still they are unaware about online forex trading. There are so many online forex traders are there from asian countries like malaysia, indonasia, china, taiwan and list goes big. Instead of becoming scapegoats to nigeirian scammers It better to invest and earn in forex trading. Is there any govt. restrictions to do such trades in India ?

it's yet another scam, bubble, and method for the greedy bastards to steal money from the unsuspecting public.

I wouldn't play that scam if i were you.