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They have withdrawn their NFA membership. Actually, they are really good. http://www.iasg.com/SnapshotPT.asp?ID=22
Is it because of last year's drawdown?
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Foreign investors don't need to pay capital gain tax to IRS
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The commodity futures in India have huge volume. http://www.ncdex.com/ and http://www.mcxindia.com/
Does anybody trade there?
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Buy Treasuries, the only risk free instrument.
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I got approval for half a month. I am not American, BTW.