Every day when I browse I see ads for iForex.com, inviting me to make 1000s of Dollars. If making money was so easy, why don’t the iForex guys do the trading themselves and make money? Think about it.
Historically, 90% of currency traders end up with a negative balance; only 10% make a profit and they are not your average traders, but big time players like George Soros.
Also, remember one fundamental thing - Trading in forex market through online brokers such as iForex is a Non-Bailable Offence in India. Your bank account will be blocked if you use your credit or debit card to make payment to iForex
Only currency pairs involving INR can be traded legally on Indian Exchanges such as BSE, NSE. There are 4 such pairs available to trade. Trading on other pairs is illegal under FEMA Act.Do not fall into this trap.