India is the 2nd big developing country of world, population is numerous. At the same time also all sorts of strange flower phenomena because of its home, be made fun of to call by domestic broad netizen " open the country that hang " . Because Indian economy is more backward, because this trades in foreign currency,wait for a respect, this country still relatively lag, and India also adjuration prohibits the individual is engaged in foreign currency trading.
Nevertheless, this not complete block breaks this country what the people trades to foreign currency is yearning. The gentleman that assemble business investigates discovery, the business of retail foreign currency of Indian home is improving, although do not talk to go up to develop quickly, but the pace that never stops its to advance.
More and more India peoples begin to trade to foreign currency generated interest, this also closes to the progress that laid relevant industry. However, this also appeared a lot of want to borrow foreign currency to trade from which the phenomenon of easy gains.
Recently, the gentleman that assemble business discovers a young India carries the channel on all sorts of nets small groups (for instance Youtube, facebook) him conduct propaganda is had " excellent " foreign currency trades skill, return the gain ability that basks in only him evidence for this, want to guide everybody to be done together " never deficit " foreign currency trades. We let see those who hang leave so together below trade level, put after all nonexistent.
Never of deficit trade software
This net is called " Ajaymoney " groups India is small, above all advocate one those who push is design of him process designing " never deficit " trade software. We know, software industry of India developeds, groups of this India is small most propbably also has a good command of somewhat to process designing, because of this popularizes oneself 100% safeguard of his do one's best, never deficit trades software.
Of individual of Ajaymoney conduct propaganda never deficit trades software
Say according to Ajaymoney, this automation trades on market of software Yuan Sheng other trade software. Its were united in wedlock tens of 10 thousand trade data, can use big data to sentence a money automatically to be opposite beforehand situation. This also is the main reason of other of Yuan Sheng of him gain ability. But Ajaymoney does not plan to sell this software external, what want to let everybody experience this software only is magical.
"3 elder brother " mind is really sharp. Plant with this " stunt " attract investor to go to into gold oneself open " dealer of foreign currency broker " platform - CABANA CAPITALS. However, should trade platform is mixed without any aptitude superintendency information, it is a dye-in-the-wood streaking platform.
Cut of net of CABANA CAPITALS official pursues
It is reported, investor enters platform of golden CABANA CAPITALS, want 250 dollars only, with respect to the lunar gain safeguard that can obtain 20%~60% . Express to student enters gold 800 dollars, be less than half an year already earn 9000 dollars. It is as expected one " open the country that hang " , it is OK also to trade even foreign currency trade even foreign currency " hang " .
To prove oneself actual strength further, ajaymoney trades at basking in those who gave his recently gain is weak, the profit that announces oneself obtain 20%~60% every months proudly is very easy. This basks in sheet to also do not have occurrence deficit really, but interesting is, ajaymoney works one day, do not earn 23 dollars only, this can'ts help letting what the person suspects Ajaymoney trade actual strength.
The netizen leaves a message directly express, according to Ajaymoney such profit rate, also do not earn one year 10, 000 U.S. dollors, the lunar gain safeguard of 20%~60% is have no way more mention.
Ajaymoney basks in sheet
But also investor of partial India place chose to believe Ajaymoney, investor states he has entered gold in its platform 3000 dollars, expect Ajaymoney can guide them to be on the road that successful foreign currency trades. The gentleman that assemble business is right also the capital safety of such gutty investor feels anxious.
Foreign currency trades to be in in India " gray region "
With the Asian country such as China, retail foreign currency of India trades to also be in gray region. Indian Central Bank, India lays in a bank (RBI) ever more than in the give a warning in statement overseas foreign exchange trades:
"1999 exchange control act (FEMA) prohibit any passing electron / the network trades the portal trades to overseas foreign exchange the behavior of account remit money, existing because this does not allow a dweller to undertake foreign currency trade in home or overseas market,superintend. But, below the superintendency requirement of the Central Bank, the dweller allows to trade through Indian negotiable securities committee (SEBI) superintend the stock exchange below, undertake foreign currency futures and period power agreement trade. Undertake foreign currency futures and period power agreement trade..
This kind superintends the condition with uncertain itself, estimation is opposite even local lawyer very hard of the dweller trade behavior undertakes limitting. Regard an industry as media, we are not full length also today the stresses India foreign currency control of tired wooden tablets or slips for writing, however from mainland the angle of dealer of a few brokers looks, the Indian foreign currency in their eye trades after all to close illegimate.
In India whether trade foreign currency?
Come strictly from the technology say, right answer: Can mix only get the foreign currency tool with superintendency limited exchange.
The regulation of anatomize India Central Bank can discover, the dweller allows to superintend the stock exchange below in Indian SEBI (NSE, BSE and MCX-SX) enlightened foreign currency trades account, account of this kind of foreign currency must be foreign currency futures and account of period power agreement. Current, these bourse provide a few kinds of a few common moneys only to trading (dollar / rupee, yen / rupee, pound / rupee and euro / rupee) , and a few groups of welcome across moneys are right (euro / dollar, pound / dollar, dollar / yen) futures and.
If want follow one's inclinations on the network trade foreign currency, feel embarrassed, the answer is incapable.
But, operating the level actually, "Always method can trade legally " . At least, indian negotiant won't worry to break the law and be arrested by accusation.
Why should India restrict foreign currency to trade?
For better explanation this is planted circumstance, we will make an example: Foreign currency market is a global market, but in India, the limits of foreign currency market was forced to narrow, trade in minority centrally only on the tool. Foreign currency market is a market that goes to a center changing, but cannot not have control to it on behalf of a country. Resemble India this country, with respect to the one big menace economy of regard as of foreign currency market and finance, because this takes limitative step.
The analyses backside of Indian Central Bank logic of again deep administrative levels: Hypothesis India dweller and " blame India is native land " broker dealer trades euro / dollar, if deficit, so have to from India the dollar is bought over there the Central Bank, and foreign currency negotiant is original the proportion of deficit is high, number the more than 1 foreign exchange reserve that can drain the Central Bank, cause Indian government to must buy more dollar, sell a ruble with low exchange rate, undoubted this brings about ruble again devalue.
Restrain capital outflow, stabilize native money exchange rate, this is the matter that India limits foreign currency to trade. This appear as similar as China.
If broker dealer hopes to offer futures and foreign currency of period authority type to trade to Indian dweller account, need to set operation office in India so. Actually so far, the restriction that uses besides scale of the rigid limitation that trades to foreign currency, lever, indian government did not undertake executing the law to retail negotiant truly. Only those are in illegally the broker dealer of Indian operation just is the target that Indian government hits energetically.
Although retail foreign currency curbstone (OTC) orgnaization be superintendencied by Indian finance is qualitative to trade illegally, but fortunately, negotiant and trade business found avoid place it seems that law and trade the method of money market. Indian people still can be passed through online trade undertake foreign currency trades.
Summary
Where to have demand, where to have the market. With China, dealer of very much abroad broker also searchs a way to enter Indian market to provide a service ceaselessly, from broker dealer, groom student arrives advisory orgnaization by no means an isolated case. In Indian broker dealer and negotiant eye, the main purpose that they think the government imposes restriction more to foreign currency generally is to prevent capital outflow. Nevertheless, develop quickly as Indian economy, the manner that perhaps the government trades to foreign currency can appear in the future very big change.
