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    Thread: Why some government don't give permission to their citizen to engage in Forex?

    1. #1
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      Default Why some government don't give permission to their citizen to engage in Forex?

      Government of some countries does not give permission of forex business. I am a Bangladeshi and looking carefully hundred and thousand people are engaged them-self in Forex business for a long time without the permission of government. What may be reasons not to give the permission.
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      Yes, my friend, some states do not allow Forex and here we are Algeria is recognizing it and find it difficult to withdraw money this was a national bank


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      I think that is wrong think from the government or they don't to develop them countries.the government of my countries Ghana have give us permission to trade on Forex trading and the government also are trading on it.
      ALLAH! we need your help to get success from Forex trading.


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      i don't know the cause and i think is that they consider the Forex as business without any taxes and it is true because in Forex you are free to trade without government take any taxes


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      rubela (11-21-2013)

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      some specific counties do not allowed to give permission to trade in forex business by government. but I am a Bangladeshi & our government give us permission to trade in forex business and there have not any risk to trade in forex.


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      There are several countries which has no permission to do this business becasue of the government. Government makes rules against this trading and so that country are not permitted to perform in this business.


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      Quote Originally Posted by Nobin Chandra Roy     
      Government of some countries does not give permission of forex business. I am a Bangladeshi and looking carefully hundred and thousand people are engaged them-self in Forex business for a long time without the permission of government. What may be reasons not to give the permission.
      Because so many people are trading in forex like a gambling
      therefore your country does not allow fored legally. if more people play forex, the poverty will increase. how can you teach them about BB, MA and so on


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      permission of Forex is not a very important thing, because Forex is not a fraud business, or not any gample types of business, so i think it is not need any permission for this business.


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      forex trading is a best online finance business in the world so every government should give permission about forex trading to their citizens.i think that forex trading a good business for student because he can trade as a part time trader for extra income that support him.


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      as we all knows at present forex is the largest online trading platform,all most all the trader can operate there trade at forex market,but still now there are some country still dint aloow forex trade for there citizen


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