Is permission required from Indian Govt to trade in forex.? -

Is permission required from Indian Govt to send $1000-$2000 to U S for Currency trading (forex), if yes from where and how to get it? And if investments earn profit and brought back to India do i have to pay any tax, if yes which tax and how much? In short what Indian law says if a citizen wants to send funds to U S company to trade in Forex and brings back earned profits. I am trading in Forex market in India with http://www.finexo.com/, which is a business partner of Denmark s Saxo Bank, with its headquarters located in Düsseldorf, Germany with huge US currency and never ever encountered any problem. Whatever i gain is credited in my Indian bank account through Finexo trading account. The tax is deducted at source and when profit is repatriated here the Indian government deducts it. I am not sure ... But i trade 2 months with automated Trading/Metatrader... and i see real money.. http://www.alebest.com (example) bye Yes