hello jahan,
Ok i got ur point but u also didn't give me any id
.I was asking that only so that those things which i want to ask can be discussed on voice chat in 10-15 mins and here i have to write and u have to reply.But if u think this method is easy for u , its ok.
I have read all the things about these things and my main issue was deposit and withdrawl method and u explained me that only in the first reply.That itself clarifies that u r enough experienced to guide me
.
The broker i chose provides , debit /credit card,moneybookers and wire transfer . I decided to go for moneybookers.
My questions-
1-Since u mentioned don't use credit card ,does that apply for moneybookers also.I mean what i send to money bookers and what i withdraw from there can anybody(like bank,govt rbi :lol
know to where that moneybooker money is going or coming from.Some may think it as as stupid question but still i wanted to ask.I guess u got my point.
2- i have registered my normal debit card on moneybookers.Does bank will ask any questions if i transfer for eg. 900$(below 1000 as suggested by u)that where are u sending this much amount of money?whats is moneybookers , y r u sending to it etc.
If yes and bank may ask this what reply should i give them?
3- During withdrawl of any amount between 1$ to 999$ from moneybookers to my bank account , does bank again ask u to fill any form so to receive the amount ??
OR
ask any types of questions regarding this that from where r u getting this much money.Do they ask to produce any kind of document for that or something coz i have heard that if someone from abroad wires money to india we have to provide some kind of document as proof from the sender of the money.(pls correct me if i am wrong).
If the ans is yes again what should i do??
4- Does the limit of 1000$ as told by is same for all banks or it can vary or is less for some of them.My bank(Axis) i guess told me once that they ask questions for any incoming remittance of 500$ or more.( i m not sure about this )
5- If all of the above is sorted out then comes the task of declaring that money made as profit to Income Tax dept.What is the best reason u can give for that?
These questions can be asked only when i make profit
but i wanted to clear my doubts before i begin anything.I guess this will not only clear my doubts but lots of other people who r at the same stage as i m in forex trading.
If u can clear these things that would be of great help.
Regards