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What is the 60/40 Rule in Forex?
Forex trading, commonly known as foreign exchange trading, involves the buying and selling of currencies in the global market. The main goal for forex traders is to make successful trades and boost the balance of their forex accounts. In a market with rapid price movements, many traders want to make money in the short term without really considering the longer-term consequences. However, it usually makes some sense to consider the tax implications of buying and selling forex before making that first trade. One principle that traders often encounter is the 60/40 rule. Forex futures and options are 1256 contracts and ... (full story)