Request to all senior forex traders.

[profound]

Hello,

Did u tried with Visa...If ur not having Visa....Apply for Visa International Debit Card.

see why iam forcing u to use through Indian payment system..B'coz its safe when u withdraw ur Profiits.

But...Still u want to know the other Payment system....here it is...

In e-payment At hotforex u have option of GlobePay...from their u can explore urself wat to do and how to fund...the explanation of the same here at Traderji is against forum rules...its unneccesarily create spam.

Regards,

I have seen globepay and explored everything about it
I would do have to apply for a VISA card if there is no option left.
I thought that virtual cards or the "netsafe" as called in HDFC may work in this thing, i just want to know have u used that ??
Do u know that chargeback or withdrawing of profits can be done on virtual cards also as they are VISA cards only?

 

[jahan]

I have seen globepay and explored everything about it
I would do have to apply for a VISA card if there is no option left.
I thought that virtual cards or the "netsafe" as called in HDFC may work in this thing, i just want to know have u used that ??
Do u know that chargeback or withdrawing of profits can be done on virtual cards also as they are VISA cards only?

Hello,

I have told u ,with what iam done .if ur facing problems with getting visa,i can't do anything about it.

i don't know about Virtual cards in india...i do have Entropay Virtual visa card...
but now iam not using it....the only reason is withdrawl problems there support is too slow(only email support).Mine is 1 year valid card and it will get chargeback amount.only used it one time.

don't know about Netsafe .....From one year onwards i didn't faced any problems...so i didn't look for other options.(but i do have a backup option i.e wire Transfer...if i face any problems with my Visa)

iam unable to figure out your exact problem...

i think if u able to get a Visa then ur problem may solved.

Regards,

 

[ak_85]

Hello All,

The Reason why i don't trade Indian Markets and Opted for Forex Trading.

For me....Indian markets are not at all suitable.These markets are designed such way that we can't position size our trades properly,and need more than 5 lacs to be effectively position size the trades.Most traders don't know this.

problems i have noticed in Indian Markets.

1) In Stocks we didn't have equal opportunity(only Long no shorting) due to uptick rule.(one has to have equal opportunities to be succesful/to last long in trading)

2).In Futures market,in india we didn't have Continuous contracts and one has to close thier position on closing date of contract,and need to open fresh positions(extra costs for brokerage and taxes,other than that it will effect the Psychology of trader whether to open new position or not after closing date of contract,sometimes he takes small profit or small loss only to see high profits if stayed in that trade).

3).In options... i personally didn't like Options anywhere(abroad markets also).the only reason is Time decay,there r times when ur correct about decisions in options trading and u still loose money because of this time decay.

........and in india we didn't have weekly options.

4).Currency Market india is a New Market, and it will take more than 1 year to become liquid(may take 2-3yrs also),and same thing here in Currency market unlike forex,its has no continuous contracts(if iam not wrong).

let say ....if retail traders in india noticed these points and decided to trade abroad Markets then comes,......... Indian Government Policies and Rules(Rbi).they banned Investing in abroad markets.


small retail traders are not aware of these things and starts trading with insufficient capital in indian markets and finally go broke.

if in future/coming days if indian markets Allowed to go Short side Trades in Stocks and if implemented Continuous Contracts in Futures trading i definitely Trade Indian Markets.

See these all points are according to my convenience/comfort level u people may have Different Comfort Levels for Trading Indian markets.

Regards,

hello,

regarding your first point that you made. You said that one cannot short stocks in Indian market? How is it possible? shorting is absolutely allowed in Indian stock market and almost all traders do it and secondly the uptick rule u said also does not apply to Indian stocks. There is uptick rule in US stock market which means you cannot short stocks on downtick i.e whose last price chance was downwards but in Indian markets there is no such thing.:thumb:

 

[jahan]

hello,

regarding your first point that you made. You said that one cannot short stocks in Indian market? How is it possible? shorting is absolutely allowed in Indian stock market and almost all traders do it and secondly the uptick rule u said also does not apply to Indian stocks. There is uptick rule in US stock market which means you cannot short stocks on downtick i.e whose last price chance was downwards but in Indian markets there is no such thing.:thumb:

Hello,

Then.....go forward and Short any Stock u like...,and hold for 2 to 5 days tell me what happened .....(i am not talking about intraday shorting).

Regards,

 

[ak_85]

Hello,

Then.....go forward and Short any Stock u like...,and hold for 2 to 5 days tell me what happened .....(i am not talking about intraday shorting).

Regards,

I was obviously talking about intraday shorting. If you do not cover your short within the day, then of course it will go for auction.

 

[Saiyyed Rafik]

Hello Saiyyed Rafik,

There are ways to give phone num and email just like there are ways to trade foex. and believe me if u r interested in giving them RBI won't even know about it

lol who knows that you are working for IRB :rofl::lol::lol::rofl: