Tax is ok. Nobody is against it. the real fact is that the government hides a lot. they deny us the opportunity, but allow the holders of blackmoney to come into the system throgh backdoor.
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Trading in forex is ok however no interchange may be taken out of Asian nation for margin funding that is that the case in most forex commercialism, together with the one that members of this forum square measure into. As of currently its not wrongfully allowed by banking concern of Asian nation. only 1 company has originated its workplace in {india|India|Republic of Asian nation|Bharat|Asian country|Asian nation} with tally permission whereby they need assured tally that they wont get rid of any interchange aloof from India. all transactions funding is completed through Cheque, NEFT transfers solely.
actually forex is not for every people, especially for greedy ones with search of instant gratification. in india a lot of people are 'poor' at terms of 1st world. so they try to earn big at short time and face losses which is bad for economy.
absolutely right that, the economy of India is growing up day by day,
and India can legalized the forex in there , i think will be significant change as a positive .
Economy determines the strength of a currency and not otherwise. Forex market will have no implication on the strength of Indian economy. It is just an additional opportunity for us traders to make money. Even though it is yet to be legalised, there are 1000's of traders in India currently trading in forex market because of the lucrative rewards. It is high time government thinks about allowing full currency convertibility.
Actually it depends on the country,s basic currency.If indian government legalise it and indian currency is included in the forex market ,then i think it may contribute more to the indian economy.India is a big country and that,s why its economy has great impact on the world economy.
Forex can play a vital role in indian economy as indian economy is growing high in day by day.I think, if forex is legalised in indian market ,thenthere willbe massive change in indian economy.India is a country of vast population in the world, forex market in india will bring positive change in indian economy.
Even if forex is not legalised in India, so many indians are making good profits from forex trading at online tradng portals, i wish too if it get regularised it would bring in lot of Indians and will boost indian economy at great extent.
I say that if indian traders perform better so the foreign exchange which will come in to the country in shape of profit in forex will really strengthen indian economy, and also it will be better for the people of india..
That is the truth it is not the Indian economy does not affect the but the real truth is that all the country one way or the other affect the forex market at all times
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Originally Posted by mayengbam
