How do I pay income tax on ForEx earnings?
Question by aa: How do I pay income tax on ForEx earnings?
This is my first time for paying income tax on ForEx, being a US citizen i believe i have to pay tax on forexfactory calendar income, but i have no clue what do i have to do for that. Thanks for your help.
Best answer:
Answer by tyler
Normally you need to file them as capital gains or losses (like you would with stocks or options).
But you can make a special election that will allow you to split them as 60% long terms capital gains and 40% regular income, which is advantageous for tax purposes since long term capital gains rates are lower.
http://www.onlineforextrading.com/learn-trading/forex-taxes
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Why Do Traders Chase Trades…and a Cure
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Become a Billionaire Trading Currencies with Artificial Intelligence Starting with Only $25 in Your Brokerage Account (The MBA’s Quick Start Guide To:)
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It is possible to become a billionaire trading currencies. You may have heard of George Soros, the man who broke the Bank of England. His profit on trading positions on the British Pound amounted to 10 billion dollars. George Soros spent many years studying market fundamentals and techinical indicators in addtion to his formal economic studies, but you don’t have to. The playing field has been leveled. You have the power of affordable artificial intelligence on your side. All You need to get sta
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How can I make a profit through currency trading?
Question by Neolithisistic: How can I make a profit through currency trading?
I earn Thai baht, and it’s gaining buying power. How can use this market fluctuation to my advantage in regards to exchanging currency for a profit? Thanks for your time!
Best answer:
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The Complete Idiot’s Guide to Foreign Currency Trading, 2E
The Complete Idiot’s Guide to Foreign Currency Trading, 2E
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Currency Trading: is it a viable long term way to make money from home?
Question by Necip C: Currency Trading: is it a viable long term way to make money from home?
I went to an introduction to FOREX (foreign exchange) class recently and they were telling us how with a good education in FOREX you can consistently make money, and good money too, since you are trading 50 or 100 times what you have in your trading account. The complete course is $ 2000 and they were pushy for us to take the class so I didn’t feel so confident about it, but i read up on the subject a bit and did a trial trade for about 30 days, I was up a lot at one point (about $ 8000) but in the end of the month i pretty muich broke even. WIth more knowledge and a proper education on the subject can it be a long term way of makin money?
DEAR ALL, thanks for your responses, overall you seem to think currency trading is high risk and not really a viable way of making money from home. I should have mentioned in my question that if i were to do it, i would want to rely more on technical analysis and all the ratios and different theorems etc. I would also be making trades that are from about 30 minutes to at most one day. Does this change anyones opinion on the subject?
Best answer:
Answer by john
yes it is but if your ready to risk some money
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How to get a free trial of Megadroid Forex for my practise account on Forex Trader?
Question by : How to get a free trial of Megadroid Forex for my practise account on Forex Trader?
I recently got a practise account for Forex Trader and i would like to try out Megadroid Forex to see if it would be worth getting with a actual account on Forex
can you give me a web link where i can get a free trial of Megadroid Forex for my practise account?
Best answer:
Answer by jack
hi,
here u can find best a list of forexfactory calendar trading platforms to practice or for real trading which most traders use
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http://forexplatformslist.com
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good luck
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What would Saudi Arabia stand to gain by changing their oil trading currency?
Question by G Money: What would Saudi Arabia stand to gain by changing their oil trading currency?
Right now they trade in US dollars, but there are rumors of a currency change? Would it be to their advantage to keep this arrangement, or to change to another currency? Why, and if so what currency?
Best answer:
Answer by vmaldia
maybe the dollar is devaluating
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