How to Move Overseas to Trade Forex Market

F

F1 TRADER

hi,
I am full time trader from INDIA. Indians are not allowed to trade Forex market and US market. it is illegal as per government rules.I can trade going other countries, open a bank account and trade but they won't allow on tourist visa. I guess they will allow only on work visa. so please help me or guide me on this issue. should I find a job in other countries? this idea may not work or it can take much time. I am ready to move to other countries.
what are other possibilities for me? I want help from traders all around the world.
thanks
 
F1 TRADER said:
hi,
I am full time trader from INDIA. Indians are not allowed to trade Forex market and US market. it is illegal as per government rules.I can trade going other countries, open a bank account and trade but they won't allow on tourist visa. I guess they will allow only on work visa. so please help me or guide me on this issue. should I find a job in other countries? this idea may not work or it can take much time. I am ready to move to other countries.
what are other possibilities for me? I want help from traders all around the world.
thanks
More...

Most countries will not want you unless you have a large bank account or a unique skill eg tech, medical doctor etc., however you can get a volunteer visa in Thailand for 1 year ( Chiang Mai has a huge population of digital nomads from Western Europe and North America...)
 
F1 TRADER said:
hi,
I am full time trader from INDIA. Indians are not allowed to trade Forex market and US market. it is illegal as per government rules.I can trade going other countries, open a bank account and trade but they won't allow on tourist visa. I guess they will allow only on work visa. so please help me or guide me on this issue. should I find a job in other countries? this idea may not work or it can take much time. I am ready to move to other countries.
what are other possibilities for me? I want help from traders all around the world.
thanks
More...
We can change idetities since I wanna trade USDINR futures and i cant:)
regarding FX from 10.12.15 RBI give indian exchanges permission to offer new currency futures
EUR/USD futures, GBP/USD Futures and USD/JPY Futures with contract size 1000(EUr,GBP,USD). You must wait when your exchanges NSE,MSEI(formely MCX-SX) and BSE will start to offer this new currency futures
https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=10172&Mode=0
 
Can you trade CFD's without breaching any rules, there? (No underlying securities/instruments actually change hands, that way.)
 
dealmaker said:
Most countries will not want you unless you have a large bank account or a unique skill eg tech, medical doctor etc., however you can get a volunteer visa in Thailand for 1 year ( Chiang Mai has a huge population of digital nomads from Western Europe and North America...)
More...
I have found that volunteer visa also requires work permit from an organization in Thailand even if you may not get paid for your work. I don't understand why Indian government has such restriction on trading.
 
Xela said:
Can you trade CFD's without breaching any rules, there? (No underlying securities/instruments actually change hands, that way.)
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NO. same restrictions applies to CFD's market.I wish I could do this. this is very liquid market to day trade especially ger30.
 
:)
Obelixtrader said:
We can change idetities since I wanna trade USDINR futures and i cant:)
regarding FX from 10.12.15 RBI give indian exchanges permission to offer new currency futures
EUR/USD futures, GBP/USD Futures and USD/JPY Futures with contract size 1000(EUr,GBP,USD). You must wait when your exchanges NSE,MSEI(formely MCX-SX) and BSE will start to offer this new currency futures
https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=10172&Mode=0
More...
why do you wanna trade USDINR futures? I don't find it much liquid. I would like to trade forex futures with other major pairs. let's change identities:)
 
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