How to Trade Stocks Online

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

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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