by Punit on July 15, 2010
by Punit on July 11, 2010
Legality of Forex Trading:
Yes, it is completely legal it can be done legally. Currently there are no interesting forex pairs with rupees to trade regularly. To trade in popular pairs like EUR/USD, USD/JPY etc. you need to first convert currency from INR to a foreign currency. RBI allows exchange of up to 200,000 USD per year without giving rigorous documents proof, but this currency exchange is not allowed for margin deposit with brokers.
So people who want to trade forex justify the currency exchange as ‘investments’. Another way is to ask a friend who is NRI/foreigner to make the money transfer.
Click here to see list of RBI FAQs.
List of Indian Brokers for Forex:
- Interactive Brokers- allows most popular pairs
- Alpari- allows most popular pairs
- ICICIBank – only with USD/INR pair
- Axis Bank – only with USD/INR pair
- Karvy Forex
- Angel Broking
- Swastik Forex
- G. Tibarewala & Co. (FOREX)
- L. C. Raheja Forex Pvt. Ltd
- Kotak Forex Brokerage Ltd
- Parekh (FOREX) Pvt. Ltd.
- Paterson & Co. Forex Brokers
- Sunidhi Securities & Finance Ltd.
- Forex4you
- Fxcentral
- XTB Online Trading
- MRC Markets
Reference Article: Preparation for Forex Trading- important basics
by Punit on June 30, 2010
The biggest and most liquid market in the world is Forex. With the availability of retail brokers in India, as well as current global economic turmoil, forex trading has become more lucrative than ever. This is a list of questions which a beginner must know before starting forex trading.
- What is Forex?
- What is the ideal capital requirement for a beginner?
- What are the most important fundamentals?
- Where to get news?
- Do the insiders manipulate the market?
- What is the difference between equity, margin and free margin?
- Why do currency prices differ between brokers?
- Why do I frequently find a difference between the prices quoted and the price I get filled?
- Discuss the proposed legislation to reduce Forex margin to 10:1. Will this apply to overseas markets also?
- What’s a segregated account and is it important to have one?
- What time of day is considered the open and close for the Forex market?
- Does a Forex currency broker ever “stop hunt” my positions?
- How can I look at a Forex brokers list and tell a good currency broker from a bad one?
- Explain “First In, First Out” and how that impacts me.
- Are all trades put through the interbank market?
- Why trade spot Forex currencies rather than Futures or ETF currencies?
- Should one use an ECN broker or a broker that is a dealing desk?
- Do the insiders manipulate the market?
- What is the difference between equity, margin and free margin?
- Why do currency prices differ between brokers?
- Why do I frequently find a difference between the prices quoted and the price I get filled?
- Discuss the proposed legislation to reduce Forex margin to 10:1. Will this apply to overseas markets also?
- What’s a segregated account and is it important to have one?
- What time of day is considered the open and close for the Forex market?
- Does a Forex currency broker ever “stop hunt” my positions?
- How can I look at a Forex brokers list and tell a good currency broker from a bad one?
- Explain “First In, First Out” and how that impacts me.
- Are all trades put through the interbank market?
- Why trade spot Forex currencies rather than Futures or ETF currencies?
- Should one use an ECN broker or a broker that is a dealing desk?
Source: http://www.topdogtrading.com/?p=731
by Punit on June 28, 2010
The main points to keep in mind while you kick start a career in equity research are summarized below.
- Engage in writing intensive coursework
- Take a research-intensive course or sign up for a research project
- Seek finance related work that will require the development and analysis of corporate financial forecasts and statements
- Take a course to build understanding of key business calculations
- Take an additional corporate finance course such as investment management, valuation techniques, financial management or real estate financing
- Join toastmasters or the debate team to build and exercise your powers of persuasion
- Take a course or workshop on public speaking to build your powers of persuasion and presentation skills
- Check with career services to identify an individual or group locally that does strategic planning and offer to work for free
- Ask professors you have if they are working on any projects you can help with requring collecting and analyzing data, particularly if it is around a business issue
- Get a summer experience doing strategy consulting, equity research or strategic planning
For a detailed note, refer the original article here: http://equity-research.com/how-to-get-into-equity-research/
