Do you still need a license to trade forex using your own funds, in Dubai?
Title says it all. Is this still a thing? What if your broker is abroad? Or if you’re trading with a Prop Firm? Are you then considered a freelancer, so you’d need a freelance permit? I’m already in Dubai on a spouse visa, so that’s covered. Just making sure I’m not stepping in something sticky when I want to pursue trading forex seriously. Anyone know what a permit/ license will cost? Thanks everyone! ETA: thanks for the replies. Maybe I should’ve added that I have been trading successfully with a prop firm and that’s how I used to make money back home. However now in Dubai, I figured I would get my profits taxfree (not cap gains) so I can still do the profit split thing with the prop firm, but now also use my own funds and link the accounts (so I only have to execute once, master and slave acct etc) but keep all the profits.
I have been paper trading EURUSD pair with incredible success. But neither Zerodha or Upstox has EURUSD pair, they only have INR based pairs. I have checked that 3 foreign currency pairs are legal and EURUSD is one of them, so I wanted to trade it. Do you guys know any reliable Indian broker which has this pair for trading? PS: I prefer EURUSD over USDINR as there is more liquidity and movement.
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Why is legal drinking age set so high at 21 in US ?
18 is pretty much the global standard. Some Euro countries even have 16 as legal drinking age for wine & beer only & 18 for harder stuff. Why is it so high in US ? Makes no sense. Especially since you can drive at 16 ? Like what ? Driving requires so much more responsibility than booze. Edit: Stop with the drinking and driving argument 90% of Americans are attempting please. Every single European country has lower drinking age than US. Higher percentage of traffic accidents is caused by drunk driving in US than in any European country…
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The USD, GBP, EUR, and JPY are the only four currencies that can be coupled with the INR. Unfortunately, many forex trading sites are still prohibited in India. This has ramifications for markets such as Binary Options, which are absolutely unlawful to trade. The optimum time to trade forex in India is determined by the currency pair you are trading. Make sure you know when the markets are open. To begin forex trading in India, prospective traders must first create an account with a regulated Forex broker or dealer after conducting their due diligence. After you’ve completed this stage, you’ll be able to trade on a variety of currency pairs. Traders can undoubtedly make money, but don’t expect to get wealthy overnight. Knowing the markets and the risks you’re ready to take is critical to your forex trader’s success. It is equally necessary for both trading platforms to secure this trading firm’s risk. More at: Is Forex Trading Legal in India?
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First time posting so be gentle. I'm in my late 30s, is it too late to learn trading/forex? Is it a young person's games ie eyeballs glued to monitors 24/7?
Is it necessary to follow a particular strategy(or make one) in forex trading? Cant we just make some good gains with support resistances, Chart patterns, Candlestick patterns and fundamentals?
Cryptocurrency trading becomes legal in Dubai, UAE
Cryptocurrency trading becomes legal in Dubai after SCA, DWTCA agreement.
Dubai steadily becoming a crypt-friendly hub.
UAE becoming a world leader in global blockchain adoption.
Authorities in the United Arab Emirates (UAE) have approved for cryptocurrency trading to have legal backing in the economic free zone in Dubai. The Dubai World Trade Center Authority (DWTCA) announced on Wednesday it had agreed with the UAE’s Securities and Commodities Authority (SCA) to make cryptocurrency trading, issuance, and regulation legal in the DWTCA free zone. Want to read more about it... Source
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