Has anyone from India started forex trading with $10,000 investment?

Broker Comparisons & Reviews
1

I’ve been doing forex trading for a while now, but mostly with demo accounts and very small amounts. I was planning to go overseas and start trading with around $10k, hoping to make about $200-400 daily profits. But my plans changed and I’m staying in India now.

I’m really confused about which broker to choose here. Should I go with Indian brokers or stick with international ones? I’m worried about the safety of putting so much money, especially with all the regulations here.

Anyone here trading from India with similar amounts? Would love to hear about your broker recommendations and how you handle the legal stuff. Any tips would be really helpful.

2

Been trading from India with similar amounts for 3 years. Go with international brokers - way better spreads and execution than Indian ones.

I use IC Markets and Pepperstone. Both ASIC regulated, never had withdrawal problems. Just keep good records for taxes.

Those profit targets will blow up your account though. $200-400 daily from 10k? I tried that when I started and got wrecked. Focus on risk management first.

Also use cashback services to cut trading costs. Helps when you’re trading a lot.

3

Started with 8k last year using regulated offshore brokers.

4

Go with regulated international brokers. Indian brokers don’t offer many currency pairs and their spreads will kill your profits. With $10k, check out XM or FXCM - they’re good with Indian clients and withdrawals are smooth. Just make sure you declare profits for taxes. Ditch those daily targets right now. Chasing 2-4% daily returns will make you overtrade and blow up your account. Set monthly goals and focus on keeping your money safe first.

5

$10k’s a decent size but those profit targets are way too high. I use offshore brokers - just make sure they’re regulated.

6

Making $200-400 daily from $10k? You’d need 2-4% returns every day. That’s not realistic and you’ll probably blow your account.

I trade from India using international brokers because they offer better spreads and execution. Just pick regulated ones and keep your taxes sorted.

Forget those daily targets and focus on consistent small wins instead.

7

Unrealistic profit expectations will blow up your account fast. I found this out the hard way when I started.

Go with international brokers like Pepperstone or IC Markets. Indian brokers have fewer pairs and crappy spreads.

Set daily targets at 0.5% max and protect your account first. Most traders with these same goals are broke within six months.