Indian government is seriously considering of easing the norms(terms and conditions) for common man to start forex trading through indian stock markets including BSE(Bombay Stock Exchange) and NSE ( National Stock Exchange) or Nifty in near future.
The finance minister and members of all the stock exchanges of india had a meeting and final consent was given for the move. Common man must feel somewhat relaxed now as he/she can directly do forex trading in Stock exchange which was earlier possible for business houses and exporters as in earlier days the terms and conditions applicable for forex trading in stock exchanges were too restrictive and common man could not ever think for such trading in stock exchanges.
Also see How to start online share trading in stock markets?
This move would also make investment firms rethink of bringing back their investments back to indian subcontinent which were stopped due to government restrictions, so indians can see US dollar weakening with respect to Indian Rupee in near future and US $ will again come at under INR 40 due to this move.
Do's and dont's of Online trading in share market
Sunday, June 1, 2008
Government opening forex trade in stock exchange for common man
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