ilmscore | Prediction Details
"the second method will be a little trickery. The third method will be even trickier. So, stay tuned for the video. Let's start with the first method. Before that, just take a minute. I'll turn on screen recording and give you the list. You'll find the link on the RBI website in the description if you want to check it out. According to the FEMA Act, all these brokers are not legal. Octa, for example, Accenture, Banam, Alpari, all these brokers are not legal. Now let's talk about the methods to trade forex legally. Let's start with method number one. The most legal, the most correct method, you tell me, brother. First, it is absolutely legal. Our Indian brokers, the SEBI-registered brokers, give you four to six currency pairs that you can legally trade in Indian Rupees. Okay, but the catch is that all the currency pairs are related only to IR, so only four or six options are available. Okay, even in those, you can trade only with IR. See what most people like to trade. What do you like? UD, EUR, JPY, currencies with very high volume. There is no option at all, that is what you mean to say, these are not options and how many options do you have in forex, well if we talk about the variety of options, there are hundreds of options, there are commodities too, there are oils, that means there are 3 or 50 such options, many people get confused, they think that forex trading involves only currencies, so one thing I would like to request you guys is that no one provides so much hard work and so much education for free, in return I will just ask for a subscribe and a like, nothing else, please support and I will keep bringing such educational videos for you for free, thank you so much guys, but you need to know that forex trading started only with currencies, after that some other options also came in it like commodities came, oil etc. came, okay, so you can trade in all these options in forex trading, which is the first legal way, he said, in this Indian brokers like I Guess Angel I also searched on One and saw that there is also Roda P. Okay, if you search for something like IR USD there, you will get a couple of options, so you can trade on them. Tell me its disadvantages. Its disadvantage is that it does not have much volume, there is not much liquidity because on the other hand, volume and liquidity. Please explain to the audience that volume means how many people are trading on that currency pair globally. Okay, look, if we go for the forex market, if we talk about the forex market, the forex market is the biggest financial market in the whole world. Okay, okay, and its overall daily volume is $ trillion, its exchanges. Now, volume means a daily volume of $6 trillion. This means that there is a daily buy and sell of $6 trillion. Okay, the simple meaning of volume is how much buying and selling is happening, how much trading is happening. Okay, now if we talk about Indian markets, even in a whole week, it does not amount to one day. That is why people trade forex because the movement is very fast. The profits and losses are also faster. Now, the first method of trading with Indian brokers. You said there's no volume, which means there won't be much movement. Usually, if we talk about forex pairs, there are seven to eight currency pairs that the majority of people trade. There's a daily up-and-down movement of 1 to 2 pence. But if you talk about currency pairs related to the Indian rupee, there's very little movement. It's simple. If you only get four or five forex options with Indian brokers, instead of that, you should trade in Nifty. Brother, do one thing. Trade in the Indian market, where you have options on thousands of companies. Trade equities there, or do FAO. Do whatever you want. Okay, it would be better. More than just four or five options where there's no volume. There's no volume, which means there won't be much ups and downs. That means there won't be much profit or loss. There won't be any profit or loss. This is the first method, which is the most legal. And this is the most correct method, but now we will come to the jugaadu methods in which you actually trade in forex. Right now this is just forex in name, there are four options, not forex trading. Now we will learn two methods of proper forex trading. Now look directly all over to you. The second method is exploiting the loopholes. Look, FEM says that you cannot exchange Indian currency into any other currency, but what if we take a broker, that is, take an intermediary, and we buy something from that intermediary. Okay, not an Apple, evolving a third party. Okay, now let me give you an example. Even if you go to rent out a flat, you do not get it directly. You go to a broker, the broker finds it for you. The broker is your mediator, and in this process, your mediator will be crypto. Okay, suppose I buy crypto with Indian Rupees and buy another currency pair with crypto. Okay, so FEM says that you cannot exchange Indian Rupees directly into any other currency. Meaning you cannot convert IR into dollars, you cannot convert IR into pounds, so in simple words, first we are adopting Rupees, then whatever we want to do with crypto is our wish, so this is their way of saying, crypto is the mediator and we can do it by using crypto, and to tell you in a little detail, see further, crypto is decentralized market, before this when FEMA Act came and the invention of crypto, that is, the invention may have happened, the first thing is is crypto legal now, yes, okay, so one thing I would like to request you guys is that no ne provides so much hard work and so much education for free, in one provides so much hard work and so much education for free, in return I will just ask for a subscribe and a like from you, nothing else, please support and I will keep bringing such educational videos for you for free, thank you so much guy, so there is taxation also and in India, even though it was not considered legal till 2 years ago, but after the imposition of taxation, it is, I mean, legal on 60-70 percent, mostly legal Actually, crypto has already been legalized, in a way, now look, Binance was banned, Binance is back, what does it mean to be back, it means the government is accepting it, right? It is legal, Binance was banned, Binance is back, with it WazirX, all this is going on, right? It means mostly it is legal, on top of that they are charging you tax on 30%, they are charging tax on capital gains, now crypto currency has been legalized, so we are converting Indian Rupees into crypto in a legal way, then we can do whatever we want with crypto, be it forex trading, now tell me about the decentralized wallet, see, crypto is a decentralized market where if we talk about Indian Rupees, Indian Rupees is regulated by RBI and if RBI has complete track, but if we talk about crypto, then no country can track it, it is a decentralized market, meaning it has no boss, in a way it has become cash in a way So, suppose you buy any crypto with your Indian Rupee, then the government has no right to know where it went, it doesn't even have any track, okay, decentralized means that there is no track of it, okay, neither you, I mean anyone else knows, third person, no one will know what you have done, right, exactly, so this is about a decentralized market, if it is decentralized then it has no boss, because of the absence of a boss, we can legally trade crypto globally, so if we buy crypto with that, that is, we buy any other currency with crypto, that is totally, then what will we do, if we want to deposit money in any exchange, then we may first create an account, but after creating the account, we will not transfer it directly from the bank account, we will first buy crypto on any exchange, let's say Bitcoin or Binance, and then from there you deposit the money in your exchange where you have a forex trading account, from there you can deposit your money in your You will also be able to trade currency pairs legally."
By Trade with Purab | October 5, 2024 | Pending
From video
How to Trade Forex - LEGALLY | Trade with Purab @acetradingofficial 00:04:48 - 00:08:20
Interpreted Prediction
Forex trading can be conducted legally in India by using cryptocurrency as an intermediary. This method bypasses direct conversion of INR to foreign currency, which is restricted by FEMA. Crypto is considered mostly legal in India after the imposition of taxes, and its decentralized nature means transactions are not easily tracked by any single country or authority. Users can convert INR to crypto, then use crypto to fund a Forex trading account.

Prediction Details

Topic
Forex Trading via Crypto Mediation

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.