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Q&A: How to report profit/loss incurred from Currency Trading on Canadian Income Tax. Its not Capital gain or loss?
Question by DD: How to report profit/loss incurred from Currency Trading on Canadian Income Tax. Its not Capital gain or loss?
Hi,
How to report profit or loss incurred from Currency Trading on Canadian IncomeTax Return. It doesn’t fall inot Capital gain or loss Category.
Please help
Best answer:
Answer by quizzard123
No, you’re right, it’s not a capital gain or loss, it’s Other Income. Fully taxable.
Give your answer to this question below!
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
What do you think? Answer below!
Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves (Wiley Trading)
Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves (Wiley Trading)
Discover a variety of technical and fundamental profit-making strategies for trading the currency market with the Second Edition of Day Trading and Swing Trading the Currency Market. In this book, Kathy Lien–Director of Currency Research for one of the most popular Forex providers in the world–describes everything from time-tested technical and fundamental strategies you can use to compete with bank traders to a host of more fundamentally-oriented strategies involving intermarket relationshi
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Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading) Reviews
Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading)
Written by Kathy Lien—chief strategist for the number one online currency broker in the world—Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market, and provides a detailed look at how this market actually works. It contains actionable information and strategies, which can help you enter this highly competitive arena with confidence and exit with profits.
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With so many different opinions about what is important in the Forex market, it is no wonder why so many people are confused. Taking the time to create your own investing strategy can help clear up some questions and allow you to focus but in reality, it is only going to be so effective. The best news that you can use is the reality that everyone makes mistakes. The great news is that you can learn from the mistakes of others and protect your money.
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With so many different opinions about what is important in the Forex market, it is no wonder why so many people are confused. Taking the time to create your own investing strategy can help clear up some questions and allow you to focus but in reality, it is only going to be so effective. The best news that you can use is the reality that everyone makes mistakes. The great news is that you can learn from the mistakes of others and protect your money. Making money in Forex is not only possib
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Whether you are trading stocks, indices, foreign exchange, bonds or commodities, you could use the Elliott Wave Principle to dramatically improve your results. It is no surprise, then, that professional traders and investors invariably use Elliott Wave analysis as a key decision making tool in their market activity. However, most people who try to learn the techniques by themselves often run into difficulty because the real world market movements appear to be different from the examples found in
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Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets (Wiley Trading)
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As head FX strategist at CMC Markets–one of the world’s leading forex/commodity brokers–Ashraf Laidi understands the forces shaping today’s currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you. Throughout the book, Laidi outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic field and provides you with insi
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