A question asked by abhay: can i transfer money from india, to online stock/commodity trading companies in USA? if yes which bank please?
there are brokerags like forex.com who transfer money to international account. thats what they say. can we open a bank account in USA while i am residing in india?
since i posted this post i have done a few things and i have learnt. RBI does not allow this kind of transaction. i tested it. i opened an account with www.forex.com which is located in USA. and went to ICICI bank (later city bank) filled the application to transfer money to forex.com bank account and i paid the money to ICICI. they called me yesterday morning and said this transactoin was rejected. when i went to the offcie they said RBI does not allow this transaction. and that RBI has intruduced a new rule (guess couple of years back) which will prohobit any indian transfering money to online trading companies located outside india. and they did not tell me which rule or where to find. i searched the whole RBI website could not find anything. i sent a querry to them yesterday regarding this still no reply. i will post the reply here if i get one. NOW i am wondering if any one of you know about this new “RBI RULE” that does not allow me to transfer money into forex.com
The best answer:
Answer by Ahil No you cant.. Unless you have a brokerage account and a bank account in the US already existing. If you do have, you can use ICICI Bank to transfer funds here through a wire transfer (sorry ACH does not exist). But the problem that will arise is, how will you take your profits. Most of the brokerages do not fund international accounts.
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A question asked by captain r: from where i could get information about commodity trading?
i am confused, which is good commodity trading or derivatives trading
about these i know only a little . pls giv me answer in deatale
Selected answer:
Answer by anthony s The best place to learn about commodities is www.cboe.com. It the website of the chicago board of options exchange. It has a lot of good information and a education center.
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Question posed by Theresa: Which schools have futures trading courses with commodity seminars from professional futures traders ?
I’m a graduated student about business administration . Now I’m looking for some futures trading courses with commodity seminars and day future trading seminars from renowned professional futures traders.Do U know where teach options trading courses that will give me the trading mindset of being a pro-trader ?
The No 1 answer:
Answer by Chocolate N Being a profitable trader is one of hottest job nowadays.you can join in options trading courses where there are a lot of tips, tricks, strategies shared by most successful trader in the world. and you can find them in this site:
http://www.sotseminar.com
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Question by Tom Krick: What is inhibiting people from entering the futures market?
Is it that it is just too risky? Or is it too complicated? Or is it a simple lack of knowledge? Or do not enough people actually profit from it?
Best answer:
Answer by Peter B They don’t have a crystal ball and they don’t use runes or tarot cards and their horoscopes say to avoid risk.
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A question asked by Greg: Bush gets lesson in commodity markets from his friends in Saudi Arabia?
“Bush got a chilly response to his plea. The kingdom said it would increase production only when the market justified it, and that production levels appeared normal.”–AP
Let’s see… oil demand is marginally up, but then so is production, with surplus margins about the same as ever, but if we look at demand for oil futures contracts as driven by commodity index derrivatives, those are up 380% in the last 24 months. Oil demand and supply up a bit, investor demand for commodity contracts up gigantically.
Do you think the Saudi princes rolled their eyes?
It appears that many in the YA Answers community doesn’t really understand commodity markets either.
You can’t explain oil prices doubling by looking at world demand for oil or production levels (which are up right along with any marginal increase in demand). You can explain it when you understand the demand for commodity index funds is up and driving up the price of commodity futures. You see, we began devaluing the dollar in 2002 because it appears the Administration decided that Americans make too much, and this lead to huge trade deficits, so they decided to give us all a huge pay cut to stop the flow of outsourcing jobs overseas. Investors, however, try to preserve capital, so they invested in commodities to offset dollar devaluations, and when your rank and file investors noticed these funds had high returns, they piled into these funds as well, and that is what is driving the prices for the most part at this point.
many “don’t” , not “doesn’t”. My bad.
Best answer:
Answer by V C Yes!
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Question by Lily: Can you get banned from the futures market if you don’t meet a margin call?
Can you get banned from the futures market if you don’t meet a margin call?
Most comprehensive answer:
Answer by cainvest1 You bet. Your position can be closed and you will owe the broker any remaining shortage. They will take you to court to collect if needed. You will be reported through Checkex so other brokers won’t deal with you.
Whether you agree or disagree, why not leave your own thoughts below.
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