Online Forex Trading in Sri Lanka

lakshanraj wrote:Hi everyone,

I was involved with Stock Trading from 2008 & went out of the market in 2011 due to the downturn. Meantime I found the beauty of forex trading thanks to internet.

After few years of learning & making losses, now I'm making a consistent income from Forex.
I'll be more than happy to answer your questions.

Happy Trading to you

knockknobbler wrote:There is a misconception.............., that trading in  foreign currency  is illegal.

If you have earned foreign currency(FC) , through employment, export of goods /services you are permitted to maintain  a FC account  ( by way of NRFC, RFC ,FCBU  account with a commercial bank) and  there is no domestic law to prevent you  using  that money for  FC trading or any other FC transaction.  

What is illegal is the use of Sri Lankan Rupees for FC trading.  Not only for FC trading, use of SL rupees for any type of FC transactions, other than the transactions  allowed by Exchange Control Act , is illegal in Sri Lanka.

Light of Hope wrote:Prohibited in SL.

Jiggysaurus wrote:

Light of Hope wrote:Prohibited in SL.

Maybe prohibited but i'm sure the ARIMA model can be used to predict the forex movement.

Light of Hope wrote:Prohibited in SL.

fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.

SHARK wrote:

fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.

 this guy is trying to skim the retail investors   

fxmpower wrote:

SHARK wrote:

fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.

 this guy is trying to skim the retail investors   

Apologies! Not my intention when it comes to that, I was just wanted to give another perspective that I have been using. Nothing more, nothing less.   

SHARK wrote:

fxmpower wrote:

SHARK wrote:

fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.

 this guy is trying to skim the retail investors   

Apologies! Not my intention when it comes to that, I was just wanted to give another perspective that I have been using. Nothing more, nothing less.   

  

fxmpower wrote:

SHARK wrote:

fxmpower wrote:

SHARK wrote:

fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.

 this guy is trying to skim the retail investors   

Apologies! Not my intention when it comes to that, I was just wanted to give another perspective that I have been using. Nothing more, nothing less.   

  

Now you just being mean! I see no problem in expressing a different opinion and experience, after all, i learned thought the experience of others and since we have something good, why not disseminate the news. Zulutrade is a good good trading platform and the traders are quite good, i managed to make lovely returns over the years.

fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.

greedy007 wrote:Forex trading is illegal in Sri Lanka, but majority willing to do and encourage illegal things here. Curse of our society.

SHARK wrote:jonny batta = fxmpower