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Cable Update (GBPUSD)

  • #190,241
  • Dec 30, 2009 5:42pm Dec 30, 2009 5:42pm
Happy New Year fellow traders!!!!!
Attached Image
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #190,242
  • Dec 30, 2009 5:47pm Dec 30, 2009 5:47pm
Quoting malcolmb14
..., and then there are the BSers that have 100 % of wins and no losses.
A like this guy as he knows this market and its people! NO-ONE in this market can do it without a loss! And such BSers have started making me ill! We know their names.

Happy new year to all.
  • #190,243
  • Dec 30, 2009 5:49pm Dec 30, 2009 5:49pm
Quoting Bull_Bear
Happy New Year fellow traders!!!!!
DAMN! HaPpY New Year Q, have a good one brother!

GM, NO 5300, HERE'S A COLD ONE!
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Thank You
  • #190,244
  • Dec 30, 2009 5:54pm Dec 30, 2009 5:54pm
Quoting wormboy
DAMN! HaPpY New Year Q, have a good one brother!

GM, NO 5300, HERE'S A COLD ONE!
Cheers Mate

Have a Blast of a NEW YEAR Buddy.

My Celebrations starts as off now.

Cya All in the NEW YEAR!!!!!!
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #190,245
  • Dec 30, 2009 6:09pm Dec 30, 2009 6:09pm
Quoting wormboy
DAMN! HaPpY New Year Q, have a good one brother!

GM, NO 5300, HERE'S A COLD ONE!

lol...

alright bro...lol..CHEERS!!!......I had a fun time putting on that wager with you...

Have A Great New Year 2010, WB!
Hear the music before the song is over ...
  • #190,246
  • Dec 30, 2009 6:11pm Dec 30, 2009 6:11pm
HAPPY NEW YEAR ! http://img.dailymail.co.uk/i/pix/200...eL_228x681.jpg
  • #190,247
  • Dec 30, 2009 6:12pm Dec 30, 2009 6:12pm
Quoting Bull_Bear
Happy New Year fellow traders!!!!!

HmmmmmHm! Delicious!

that's what I'm talking about 7 of 'em...each for every day of the week...

Happy Hot New Year 2010 To You Bro!
Hear the music before the song is over ...
  • #190,248
  • Dec 30, 2009 6:17pm Dec 30, 2009 6:17pm
There are some exceptions....

So the "co" is to make it a pro trading operation. - got it.

Take care,
BR


Currency traders involved in the forex spot (cash) market, can choose to be taxed under the same tax rules as regular commodities [IRC (Internal Revenue Code) Section 1256 contracts] or under the special rules of IRC Section 988 (Treatment of Certain Foreign Currency Transactions). IRC 988 applies to cash forex unless the trader elects to opt out.

Under Section 1256, forex traders can have a significant advantage over stock traders. By reporting capital gains on IRS Form 6781 (Gains and Losses from Section 1256 Contracts and Straddles), forex traders are allowed to split their capital gains on Schedule D using a 60% / 40% split. This means that 60% of the capital gains are taxed at the lower, long-term capital gains rate (currently 15%) and the remaining 40% at the ordinary or short-term capital gains rate, which depends on the tax bracket the trader falls under (as high as 35%). This results in an average rate of 23%, which is 12% less than the regular (short-term) rate.


Quoting Ctic
It depends, but in this situation no. Since all my trades are short term, held for less than 1 year, they are short term capital gains which are taxed at a higher rate. In addition no writeoff can be taken. Now being classified as a trader, I can write off expenses related to the business (rent, electric, new computers, internet costs, screens, etc.) thus lowering the amount of profit I receive. It is conceivable that I make a good profit trading forex but break even or take a loss for the year tax wise. (This is the short answer, not everything...
  • #190,249
  • Dec 30, 2009 6:22pm Dec 30, 2009 6:22pm
Quoting Bull_Bear
Happy New Year fellow traders!!!!!
the same to u mate wooohooooooooooo
  • #190,250
  • Dec 30, 2009 6:47pm Dec 30, 2009 6:47pm
Happy New Year!!

I hope that you can look back at the past year as a good one - That you can look forward to 2010 as being the best yet!


Have fun and be safe!
BR
  • #190,251
  • Dec 30, 2009 7:38pm Dec 30, 2009 7:38pm
Happy new year to all of you !!!!!
  • #190,252
  • Dec 30, 2009 8:17pm Dec 30, 2009 8:17pm
Quoting Big1red9
There are some exceptions....

So the "co" is to make it a pro trading operation. - got it.

Take care,
BR


Currency traders involved in the forex spot (cash) market, can choose to be taxed under the same tax rules as regular commodities [IRC (Internal Revenue Code) Section 1256 contracts] or under the special rules of IRC Section 988 (Treatment of Certain Foreign Currency Transactions). IRC 988 applies to cash forex unless the trader elects to opt out.

Under Section 1256, forex traders can have a significant advantage over stock traders....
BR,

Now you got the ticket. Take care and Happy New Year.

CTIC
  • #190,253
  • Dec 30, 2009 8:49pm Dec 30, 2009 8:49pm
Quoting dil
HAPPY NEW YEAR ! http://img.dailymail.co.uk/i/pix/200...eL_228x681.jpg
I've Actually Been...
To that "Winery"... It's our Anniversary Spot! Actually probably one those "Best Places on Earth" to go to & be... Anderson Valley, on the Way to MendocinO, Ca.
-Put it on your "Bucket List" Guys!

Happy New Year to All,
To all OUR best friendships here,
And success to ALL of Us this Year in '2010,

Terrapin Pipper,

Jeff !
I will work to Objectively Identify my Edges
  • #190,254
  • Dec 30, 2009 9:27pm Dec 30, 2009 9:27pm
3 Teenage daughters...

Thank you for the lovely escape...

BR


Quoting dil
Omg 3 girls , then Private jet , 5 houses and and car collection ? come to Lithuania best girls 1 be enough for sure

http://www.youtube.com/watch?v=IH-ds83l5U8
  • #190,255
  • Dec 30, 2009 10:00pm Dec 30, 2009 10:00pm
Cool man


Quoting TerpFan2
I've Actually Been...
To that "Winery"... It's our Anniversary Spot! Actually probably one those "Best Places on Earth" to go to & be... Anderson Valley, on the Way to MendocinO, Ca.
-Put it on your "Bucket List" Guys!

Happy New Year to All,
To all OUR best friendships here,
And success to ALL of Us this Year in '2010,

Terrapin Pipper,

Jeff !
  • #190,256
  • Dec 31, 2009 12:02am Dec 31, 2009 12:02am
Hello! I thought today is not workday.
  • #190,257
  • Dec 31, 2009 12:44am Dec 31, 2009 12:44am
Hey guysss, let's put fx aside and enjoy a warm new year eve..... HAPPY NEW YEAR TO ALL... Wish you all the best in 2010
  • #190,258
  • Dec 31, 2009 12:47am Dec 31, 2009 12:47am
Quoting Privet
Hello! I thought today is not workday.
friday is the stat for most places, i think today it is only a stat in asia.


Looks like it is doing a false move upwards right now, there is divergence on RSI just like what happened when it went up yesterday. But the divergence doesn't seem to be holding now...
  • #190,259
  • Dec 31, 2009 12:49am Dec 31, 2009 12:49am
NICE BREAKOUT
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  • #190,260
  • Dec 31, 2009 1:13am Dec 31, 2009 1:13am
who ever siad on ths forum that wat ever cable gives takes back double i am so much in agreement. things i want to remember from now on wards.

Money managment whcich i can never undersatnd wat it means
charts
stop loss stop loss stop losss so so so important.

i will wait till us news before i book my humangus loss seems like the bears have gone and bulls are partying early.
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