Good morning, don´t know if there are other german traders following this wonderfull, thread.
FOREX is dead in Germany, not only that it is extremely dangerous, the German government passed a law where they will tax your losses, LEVERAGED.
Meaning you could be trading a small 10000 account with the normal leverage, and end up paying 50000 taxes even being profitable at the end of the year.
Here´s the thread, needless to say, the whole german trading community (including options and stocks is in a panic).
https://www.forexfactory.com/showthread.php?t=975445
Sorry for disrupting the main essence of the thread, but please read in detail all the information available on the internet about the law that already passed. You could easily end up losing your house, if you trade frequently, with high leverage, and even ended up the year with a nice profit.YES unbelievable and absurd.
Even communism is better than this BS.
FOREX is dead in Germany, not only that it is extremely dangerous, the German government passed a law where they will tax your losses, LEVERAGED.
Meaning you could be trading a small 10000 account with the normal leverage, and end up paying 50000 taxes even being profitable at the end of the year.
Here´s the thread, needless to say, the whole german trading community (including options and stocks is in a panic).
https://www.forexfactory.com/showthread.php?t=975445
Sorry for disrupting the main essence of the thread, but please read in detail all the information available on the internet about the law that already passed. You could easily end up losing your house, if you trade frequently, with high leverage, and even ended up the year with a nice profit.YES unbelievable and absurd.
Even communism is better than this BS.
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