Question by k t: Do foreign forex traders have to pay tax in the US if they do not live there?
If they trade with a US broker.
Best answer:
Answer by alden brown
no they dont
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Question by Black Diamonds: How do you calculate a price target in a trending market in forex trading?
Best answer:
Answer by greg r
People pay me for this kind of advice. I have yet to realize an ROI of less than 20% per annum. If you are interested, you need $ 100k and to email me.
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Question by emilai-PaRasit: FOREX EURUSD ANALYSIS THIS WEEK..?
im trading in forex but i keep lost my money plzz help me..
anyone.. who can give me tips on trading this week..???
Best answer:
Answer by Suzane P
The Euro had a difficult day as investors learned that the European Central Bank will lend up to 25 Billion Euros to stave off the collapse of banks in Eastern Europe. Coupled with this, the financial problems in Portugal, Greece, Spain and Italy are keeping investors worried about potential future monetary problems in the EU.
The Euro was down ½% to the Pound and closed at .885, and down marginally to the CHF at 1.4822. The Euro posted gains against the CAD, up 1.2% to 1.6166 and up 1/10th of a percent to the AUD to close at 1.9839. I would recommend to initiate shorts around 1.2700 for intraday 80 pips. (Eur/Usd: 1.2564).
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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 forex 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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Question by abhi p: best course for free forex education?
Best answer:
Answer by PAUL1&2
I know of 4X MADE EASY, FXCM, and MTI. They all have free introductory seminars at some local hotel in large cities.
I have learned a lot from these seminars. I go more than once. Make friends with someone there and you will learn a lot more. The successful ones love to talk. It works.
Also MTI (market traders institute) has a free on-line and live session you can go to free.
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