Trading
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!
Might someone with background in currency trading and interest rate tell if following is true?
Question by Mister2-15-2: Might someone with background in currency trading and interest rate tell if following is true?
If China increased value of Yen five percent, then would it not take 5% more dollars to pay interest on bonds. Would it be correct to say interest rate increased 5%. Since just stated seems too simple, is there a way to calculate effect of currency change on yield in dollars to state effect equivalent in interest rate?
Best answer:
Answer by MVD34
First, I think you mean Yuan (CNY). Yen is the currency of Japan (JPY).
Second, I think you might have confused the relationship between currency depreciation and appreciation. If China increases the value of the YUAN relative to the US Dollar, it would be demanding more US Dollars (USD) for every Yuan…in other words your first sentence don’t make sense to me.
Simple example (which may or may not work in the real world):
If the current exchange rate is 1 USD for 6.85 CNY, then a 5% appreciation of the Yuan would result in 1 USD for 6.50 CNY.
The problem answering your question directly is that your question seems to be assuming at least two things that aren’t actually true in the real world. (1) Currency changes are relative (between two particular currencies) not absolute (a country cannot use currency changes to simply increase prices, for example). (2) Debt repayment agreements (like bonds) are stated with repayment terms that often make your situation irrelevant.
(2 cont) For example, US Treasury bonds are payable in USD not the currency of the bond holder. An increase in the value of the Yuan would decrease the value of the interest payment to China in its home country by 5% but not change the actual value of the payout from US side of the equation.
On a $ 1 million bond a 2% annual interest payment is worth $ 20,000 UST. The UST is going to pay $ 20,000 USD per year to the holder in USD regardless of the value of the holder’s home currency. If the holder exchanges the USD for CNY, they will take a 5% loss (6850 less CYN), resulting in a net interest payment that is lower than 2%. If the bond is repaid as well, the principle will result in the same 5% loss if translated into the stronger home currency.
In absolute terms the interest rate expressed in Yuan is the same (2%). In relative terms, they have lost 5% across the board (349, 350 CYN).
Know better? Leave your own answer in the comments!
Currency trading and future trading, which usually make more money?
Question by I own you: Currency trading and future trading, which usually make more money?
Currency trading and future trading, which usually make more money
Best answer:
Answer by pps p
First of all, You Need to have to fundamentals Right!!!!
This is what the First Priority !!!!Regardless of Forex or Futures Trading.
Persoanlly, I prefer futures Trading since this is not OTC market like Forex Trading.
In forex Trading, it is very important to know, what kind of forex broker or dealer you are dealing with!!!!( Dealing desk or No dealing desk broker ( STP & ECN).
If you are having dealing desk brokers and NDD (STP) , make sure you get the fundamentals right and avoid scalping or quick trades!!!
If your intentions are scalping, I prefer NDD ( ECN) …Atleast they are better than Dealing desk and NDD (STP) Brokers.
Regardless of anything, Your fundamentals should be absolutely correct !!!!!Dont make the Mistake there!!
You can make more money in Both of these Financial Instruments if you get the strategies Correct.
Good Luck.
Know better? Leave your own answer in the comments!
Q&A: Forex And Currency FX Trading – Automated Forex Cash System For Intermediate Traders?
Question by Leo: Forex And Currency FX Trading – Automated Forex Cash System For Intermediate Traders?
Looking for a unique (even experimental) system for forex and currency fx trading that works seamlessly with Metatrader 4. Interested in your own recommendations and tools that work at the beginner / intermediate level.
Best answer:
Answer by webllinks
Hi there.
This is a good general overview with discussion about Metatrader4 expert advisors here:
http://www.squidoo.com/expertadvisor
fxfisherman and other forums like forexfactory have good discussion also.
Money management is when using automated forex systems as explained here:
http://hubpages.com/hub/metatrader4-expert-advisors
Good luck
Add your own answer in the comments!
Million Dollar Pips Trading Systems – Trading in Foreign Currency
milliondollarpipsinfo.net – Click The Link For Million Dollar Pips Trading Systems And Learn How To Start Trading in Foreign Currency To Create REAL Wealth!
Currency Trading in the Forex and Futures Markets
Currency Trading in the Forex and Futures Markets
This is the eBook version of the printed book.Currency trading offers immense potential to stock and futures investors seeking new speculative opportunities. However, there are several ways to trade in currencies, and many unsuspecting traders have been burned by aggressive marketing campaigns and gimmicks luring them into unfavorable trading environments. In this book, best-selling trading author Carley Garner covers everything new currency traders need to know to avoid those pitfalls and start
List Price: $ 39.99
Price:
Find More Currency Trading Products
How does Forex Currency Trading work?
Question by BarbieDoll: How does Forex Currency Trading work?
I need someone to explain to me how Forex Trading works? Can I make lots of money off it? Whats the technique and how much money do I need to start?? Please explain if you know about Forex. Thanks!
Best answer:
Answer by Sambrook101
Forex currency Trading, or FX is when you buy/sell different currency’s in the hope that you can profit from it. For example, if you thought that the USD was going to rise in value, you would buy that currency (in what quantity you decide) And then sell it when the value goes up for more than you paid for. Thats a very simple example and it can get much more complicated.
To answer about the technique, the truth is there is no technique; you must find you’re own way of working out why markets can change and how you can profit from that.
Yes Forex traders can make LOTS of money but it is very hard to get into, you’ll have to have a 2:1 degree of above, good numeracy skills and other attributes. But traders like the stereotypical wall street trader can make money as well as loose it.
Hope this helps 
Know better? Leave your own answer in the comments!
How do I choose a forex trading system?
Question by Newbie: How do I choose a forex trading system?
I am new to the forex market and am looking for a good trading system that actually works. Can someone point me in the right direction please?
Best answer:
Answer by VP
Actually nobody can provide you with perfect for you trading system because everyone of us are different people we have different viewpoints, different characters and different trading ballances, therefore system which is very profitable for others may not suit to you.
Only you can and must create your own trading system.
Some books will help you. Of course you should have study others’ trading systems too. But finally you should create it yourself.
If you have any question please don’t hesitate and apply to my via e-mail or pm.
Good luck!
What do you think? Answer below!
Q&A: What is easier, stocks or forex currency trading?
Question by aerofreak: What is easier, stocks or forex currency trading?
I am wanting to start investing some money, not to get huge profits, but more to learn a bit about investing, business etc.
I was wondering, what is “easier” to start with; stock trading, or forex trading, and what are the pro´s and con´s of each.
Thank you!
Best answer:
Answer by Tarv
It’s very very easy to get research on a company and its stock, easy to trade on online broker platforms, and easy to get approved for such an account. So, that’d be a wise move for learning about investing and businesses.
Forex is the largest market in the world, and you can trade 24 hours a day, which is fun; however, it’s more complicated to find a good forex broker, plus most of their products are highly leveraged, which means you can quickly lose your shirt without realizing it. The forex market is vast and complicated. It requires understanding of terms like “ticks” and “pips” and “yard” and “cable” and “mio” and base vs quoted currency, restricted markets, etc. Your volatility can increase on any number of variables, and the real players in this game are central governments and investment managers, who are moving hundreds of millions of dollars at a time, which can skew the value of your deal in an instant.
Play with platforms that allow you to do this stuff for free, and see what you learn without actually losing real money.
Add your own answer in the comments!
Forex Trading – Forex Currency Trading – Live Account
www.theforexinsider.info My name is Jason Alan Jankovksy and this is Step 4 of 5 of my how to get started with forex video tutorials. http Forex Trading at it’s finest.
Video Rating: 5 / 5
Recent Comments
- heymvdotcom on Milliion Dollar Pips Forex Trading Software
- william11068 on Milliion Dollar Pips Forex Trading Software
- alginas on Milliion Dollar Pips Forex Trading Software
- vuaprofessionalok on Milliion Dollar Pips Forex Trading Software
- ytmmo01 on Milliion Dollar Pips Forex Trading Software