The question is shud i expect a call or visit frm a government department asking me any details? I am planing to quit my job andd focus on trading seriously now. So i want answers frm experienced traders If you choose to withdraw in pakistan do choose a good bank like barclays or something not the local crap. I recommend keeping your job and doing part time forex trading for atleast a year , after that when your confident about the patters and are NOT emotionally attatched try being a full time forex trader thn Take care!!!
How did u manage it?? Please share ur experience, if u dont mind. Forex is just a trap you will get some profit in the beginning but in the long run you will loose everything just keep in mind one thing never ever invest more than ur initial profit wether u win or loose.
Wht i do is if i loose a trade i dnt reverse trade and wait 4 better opportunity next day You can withdraw your money with no problems at all.
I have an online side business and i frequently transfer similar amounts into my bank account. I was previously doing business with SCB but they were a real P. As long as you are bringing in FX you will not be asked for taxes. If you can, request your broker to remit under home remmitance tag. Possible with a high margin. If your margin falls below, you will be forced to sell. Btw i have never seen anyone so far who was into this, and was saying that i earned a lot.
Finally almost everyone was in huge loss. At a leverage of 1: It used to be a high leverage account.. Its very much doable. I mostly trade big lot size in asian or london session and never ever in newyork session.. Although i dont use this method i prefer using stoploss and exit the losing trade but 1 of my friend is having sufficent funds to use this method and somehow he exit every position with profits. If it exists then it must also come with very very high spreads or fixed commission etc..
Is forex trading legal in Pakistan? Enigma90 Enigma90 Looks like somebody had a nice run on devaluating rupee. How much margin are you operating on? I have the same question So its perfectly doable Its always better to use stop-loss.More...