New tax rule (TCS) explained: Foreign transactions under LRS

main trading company

main trading company

We created this website to bring together all the tools and services you’ll need to start trading for real. If you want to start taking advantage of the markets now, without having to become an expert, our free trading signal. Whatever you’re looking for, you’ll find it with us.
Here you’ll learn the basic terminology to be a successful Forex trader. To begin learning Forex, you’ll need to have a good grasp on the basic definitions, rules and terms used by professional traders. At first, this can sound daunting but after we spell out the fundamentals, it will become clearer and you’ll be on your way to becoming a Forex trader. We will cover terms, such as; base currency, the quote currency, micro lots, mini lots, standard lots, long position, short position, pips, spread, margin and many more.
Someone who is using more than 10% of the whole equity into a trading session is probably not having a good money management strategy. Because you should always trade safe and also because the market may turn back on you and you would find yourself in a big margin problem. With good risk management, having 10% of your account invested can bring consistent returns with no problems.

Profit Rate :

Some traders can’t make 10% per year. Others can safely and consistently make 30% per month and they are not afraid to show their verified performance as a solid proof of what they offer. While taking into consideration a proper risk and money management, you should never aim to make millions in one week with a small account because that would probably mean hitting margin call. Just remember: a good strategy and analysis will always bring profits. And if at the end of the month you have only 1% profit, that means you don’t have -1% loss.

Choosing the Best Forex Broker :

In order to start trading Forex, you will need to find the right online Forex broker for you with the cash rebate program. It’s important to find the right Forex broker for your trading needs according to several important criteria, such as security, customer service, trading platform, transaction costs, live quotes and more. While reading our guide on how to choose the best FOREX BROKERS.

Forex for free :

Most Forex brokers offer many free options, services, tips and information to help you trade better. Real-time charts and news, help guides, and blogs help you understand and learn about the market in real time. There are also many “demo” accounts to try the market before putting in real money.

Why Trade Forex?

The Forex market is fast becoming the most attractive and popular market in the world. The traditional stock is no longer relevant and traders are moving fast into the Forex. We collected here a few reasons to show you why this is happening and what advantages the Forex market has to make is so popular.
We choose to focus on a few very important advantages of the Forex trading and the reasons that people choose this market:
forex is the largest financial market in the world. The daily volume of the Forex market is huge over $3 trillion per day. This makes the stability of the market very good compared to stock trading. The price in the Forex market is exactly what you see is what you get and you can follow it very easily.
Forex trading simplifies everything, there’s no clearing fees, no exchange fees, no government fees, no brokerage fees, no middlemen. The elimination of the middlemen gets the traders closer to the actual trade and makes the traders responsible for their pricing. The brokers are usually paid through a service called “bid-ask spread”.
The Forex market is open 24 hours a day. Opening on Monday morning (in Australia) and closing in the afternoon (in New York). This is great for traders that can trade all day long or in parts. You can choose the times that are convenient for your trading, day-night, when you eat or when you sleep, whenever you want.
In Forex trading you can minimize the risk by depositing a small amount that will control a larger contract value. This is controlled by leverage and can make you profitable in the Forex market. If a broker gives 50 to 1 leverage it means that with $50 deposit you can buy or sell with $2500. If you put $500, you can trade with $25,000. All this needs to be done with great risk management because high leverage can easily lead to great loss, as well as great profit.
The Forex market is huge and therefore also very liquid. This means that on every buys or sell that you make, there will be someone who will take the other side of the trade. You will never be grounded because there’s no one on the other side.
To get started you would think that you need a lot of money. The reality is that online Forex brokers have “mini” and “micro” options and some of them have a minimum of only $25. This is great for Forex beginners because it makes the trading starting point easier. I’m not saying that you need to start with the minimum, but being cautious is never bad and starting small is good for the average trader.
main trading company

Forex the best trading market :

You can easily predict the movements in the Forex market you have many repetitive patterns and it’s fairly easy to learn, recognize and analyze these movements. The prices tend to go up or down and return to the average. They stay for quite a long time up or down and this stability makes the Forex market a much easier market to follow. This gives the traders a huge advantage in controlling their trades much better than the disorder.

Risk Warning :

We always suggest our clients to carefully consider their investment objectives, level of experience, and risk appetite. try to money management with every trade.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. FOREX IN WORLD takes no responsibility for loss incurred as a result of our trading signals. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
FOREX TRADING IN INDIA: Forex means currency pair trading. Indian citizens can trade only currencies that have a pairing with INR. It is legal to trade with Indian Brokers providing access to Indian Exchanges(NSE, BSE, MCX-SX) providing access to Currency Derivatives. Since 2008, RBI and SEBI have permitted trading in currency derivatives. The currency pairs available for trading are USD-INR, EUR-INR, JPY-INR and GBP-INR.
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Concerns over using credit card for international online transactions. (details in description)

Hello, first of all this is not a concern about identity theft or doubting merchant's authenticity. I am aware of the cardholder protection against fraudlent transcations and its completly safe technically.
What I am concerned about is the RBI's circular which was published last year (Link)(relevent now because Aliexpress is going to have 3/29 aniversary sale and I have so many products to purchase) which affects the tranctions made to international ecommerce/service providers. This not only affects everyone who is intrested in buying stuffs from international portals but even those webmasters and developers who want to buy hosting, domain and other services.
Some of the portals are exempted by this rule like google play, App Store and such but we can never be too sure what websites are supported and what are not. So I was hoping if someone could throw a light on the policy and make things clear. The basic doubt that I'm having is should I use my credit card for international online purchases or just drop the idea completly.
New RBI restrictions may impact your international online purchases
submitted by divyad to india [link] [comments]

RBI new update all ATM International transaction block 2020 RBI new Rules for ONLINE TRANSACTIONS 2020  Debit\Credit cards Limitations RBI Proposes Longer Hours For Forex Trading RBI issued notification on forex trading: MLM News Hindi Finance Current AffairsRBI Notification on Forex Retail Trading Platform MCQsRBI Gr B2019 Big Announcement By RBI  Now EMI, CC / OD Will Be 3 Months Late, Still No Interest Will Be Charged Forex trading legal or illegal in India with proof in hindi

RBI Rules On Money Transfer Abroad. Maximum limit of money that can be transferred abroad by an Indian citizen – As per the Liberalized Remittance Scheme, a resident individual has the facility to transfer money abroad to the limit of USD 2,50,000 per financial year (approx INR 1.8 crore, check today’s USD exchange rate in India).This limit can be used in a one-time transaction or through ... RBI Rules & Regulations – Foreign Exchange Services Purpose of Remittance Eligibility Quantum of Exchange Documentation for release of exchange under on Personal / Private / Leisure Visits Resident Indian Nationals. equivalent per resident individual Foreign Nationals permanently resident in India are also eligible to avail of this quota provided the applicant is not availing of facilities ... There is a lot of confusion around the new tax rule, however, you do not need to worry about anything. We have got all your questions covered. According to the new rule, a 5% TCS (Tax collected at source) will be applicable on all remittances crossing INR 7 lakh under RBI’s Liberalized Remittance Scheme (LRS). The TCS on forex transactions ... Aug 01, 2017 Miscellaneous forex facilities: Mar 27, 2017 Asian Clearing Union: Jan 18, 2017 Remittances [Money Transfer Service Scheme (MTSS) and Rupee Drawing Arrangement (RDA)] Dec 26, 2016 Liaison / Branch / Project Offices of foreign entities in India: Sep 15, 2016 Exchange Rate – 1945-1971: Sep 02, 2016 Remittance of Assets The Reserve Bank of India on Friday issued new rules for the appointment and function of Chief Compliance Officer at banks. In a release, the central bank said banks are required to have an effective compliance culture, independent corporate compliance function and a strong compliance risk management programme at bank and group level. “Such an independent compliance function is required to ... The Reserve Bank of India announced new rules for setting incremental provisioning and capital requirements for bank exposures to entities with unhedged foreign currency exposures. The ... The RBI said back then that the extra vigilance reflects misleading advertisements on online brokerage websites which promise guaranteed excessive returns. By the way, FX trading has been always legal on authorized exchange venues in India. But the OTC trading in which we are all in love is strictly forbidden. The New Rules . The most recent notification stipulates rough measures against ... In view of concerns emanating from use of multiple operating accounts by borrowers, the Reserve Bank of India (RBI) has decided to put in place certain safeguards for opening of such accounts for borr RBI sets new rules for banks for companies' unhedged forex exposures . Market. Updated: January 15, 2014 4:54 pm IST. Mumbai: The Reserve Bank of India announced new rules for setting incremental ... April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.

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RBI new update all ATM International transaction block 2020

Q: What has the RBI announced for businesses? A: The RBI has allowed deferment for interest payments for all working capital loans taken by businesses. This will be applicable in respect of all ... who are interested in cross currency trading like forex trading in India there is a good news for them that rbi has decided to increase the number of scripts of cross currency and you can see that ... International transaction new rules 2020 RBI #Tech4Shaan Telegram channel link mujhse baat karne ke liye join Kare https://t.me/tech4shaan Binomo par earning... In this video we shall discuss the RBI Current Affairs Forex Retail Trading Platform To buy the SEBI Gr A 2019 course click here : https://www.edutap.co.in/s... Welcome to our You Tube Channel About this video: RBI new rules and guidlines for debit and credit cards transactions 2020 For more inspirational\motivationa... RBI’s draft report suggested changes in the timings of the foreign exchange market and call money market. In conversation with Edelweiss' Sajal Gupta. Read m... rbi forex trading rules rbi forex trading guidelines rbi foreign exchange trading rbi approved forex trading company in india forex rates forex trading in india mlm news hindi forex trading banned ...

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