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  • #195,701
  • Feb 15, 2010 6:28am Feb 15, 2010 6:28am
Quoting jiva34
just out of curiousity. Why would you want to trade now when US mkts are closed for the day? Aren't you concerned about lack of activity in the mktplace?
Yeah I am fully concern but as market is open though movements min but strategies still working one after the other & hence not kept aside.
Now taking any pips I see positive & retake , you can say random when have time to sit only.

Anyway if the market move this way everybody win pips all the time ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #195,702
  • Feb 15, 2010 6:37am Feb 15, 2010 6:37am
I dont be sure to be happy with my EU long, because of slow movement I will win slow...)) if I would...
" Accepting losses is the most important single investment devise "
  • #195,703
  • Feb 15, 2010 6:39am Feb 15, 2010 6:39am
the market is acting like an old man 2day bec. of holidays ,in the 1h chart (classic) ...
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  • #195,704
  • Feb 15, 2010 6:40am Feb 15, 2010 6:40am
Quoting freedom48
I dont be sure to be happy with my EU long, because of slow movement I will win slow...)) if I would...
So i closed longs in the morning & now only play shorts in eu & all.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #195,705
  • Feb 15, 2010 6:46am Feb 15, 2010 6:46am
Tax question. Just spoke with IBFX representative and they've told me,

that they don't have 1099 TAX forms and not required to send transaction

history of their clients

to the IRS. Is that so?

What that means? Forex profits Tax free? Or otherwise what exactly

report to IRS? Each and every transaction or just a total profit/loss?

Anybody? Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #195,706
  • Feb 15, 2010 6:50am Feb 15, 2010 6:50am
Quoting 4exJunki
ze germans have invaded.

ek praat nie duits nie. spraak engels.

damn and i do not have blue eyes and blonde hair.....
Blogging daily now at www.volume.zone
  • #195,707
  • Feb 15, 2010 6:52am Feb 15, 2010 6:52am
Need help guys,
I am planning to do my first withdraw from my account and I wonder if the amount of money I want to withdraw will be taxed somehow or if I will have to pay the tax myself or if I will just get the amount of money I want without paying any taxes..

thank you for responses
Pation is the Holy Grail
  • #195,708
  • Feb 15, 2010 6:56am Feb 15, 2010 6:56am
Quoting marcus1rex
Errr, calm down dude.

in gbpusd thread it was Russian on the weekend

now we have German and Spanish in here .....

This is an English thread .. if some want to post in their mother tongues then start a thread in their own language. Pretty simple really.
Blogging daily now at www.volume.zone
  • #195,709
  • Feb 15, 2010 6:58am Feb 15, 2010 6:58am
Quoting CzechTrade
Need help guys,
I am planning to do my first withdraw from my account and I wonder if the amount of money I want to withdraw will be taxed somehow or if I will have to pay the tax myself or if I will just get the amount of money I want without paying any taxes..

thank you for responses
Depends on a broker,but ususally u pay taxes at the end of the year.
  • #195,710
  • Feb 15, 2010 7:02am Feb 15, 2010 7:02am
Quoting SashaP
Depends on a broker,but ususally u pay taxes at the end of the year.
my broker is XTB (X-Trader broker)
and from what do I pay the taxes? from all the withdraws I have made during the year?
Pation is the Holy Grail
  • #195,711
  • Feb 15, 2010 7:03am Feb 15, 2010 7:03am
do not underestimate the effects of chinese holidays all week on the gold price, weak gold would pull aud and eur with it.

13580 will be a tough one but we will see a new low this week imo
  • #195,712
  • Feb 15, 2010 7:05am Feb 15, 2010 7:05am
.3587 level to watch.
  • #195,713
  • Feb 15, 2010 7:11am Feb 15, 2010 7:11am
Quoting CzechTrade
my broker is XTB (X-Trader broker)
and from what do I pay the taxes? from all the withdraws I have made during the year?
As i know i am paying taxes from PROFIT transactions only.
  • #195,714
  • Feb 15, 2010 7:16am Feb 15, 2010 7:16am
Quoting CzechTrade
my broker is XTB (X-Trader broker)
and from what do I pay the taxes? from all the withdraws I have made during the year?
taxes from withdrawals

Imagine that : you put deposit 10 000, and then withdraw 10 000..... TAX ? FOR WHAT ?

  • #195,715
  • Feb 15, 2010 7:21am Feb 15, 2010 7:21am
Quoting SashaP
As i know i am paying taxes from PROFIT transactions only.
you pay tax on gambling?
  • #195,716
  • Feb 15, 2010 7:23am Feb 15, 2010 7:23am
Quoting SkyzerFX
Tax question. Just spoke with IBFX representative and they've told me,

that they don't have 1099 TAX forms and not required to send transaction

history of their clients

to the IRS. Is that so?

What that means? Forex profits Tax free? Or otherwise what exactly

report to IRS? Each and every transaction or just a total profit/loss?

Anybody? Thanks.
There is tax company that specialized in tax prep for forex traders
Greentaxconsultants.com there may be some useful information for free on their site.
As if US income tax isn't difficult enough, forex makes it impossible.
As much as I love the USA, sometimes I hate it.
Anyway, Forex is not like stocks, it is a whole 'nother creature. Probably some traders don't report at all. I'm not that daring, esp with the IRS.
I just report the total realized profit or loss for the year and give them my broker and account number.
No problems with that so far.
The first year I started trading I had a loss and was able to take a deduction. So it increased my refund.
I'm still walking around free, no black and orange stripes. Yet...
My intention is not to cheat. I am ready to pay what I am required to. Keep the heart pure....Play it safe with the IRS.
  • #195,717
  • Feb 15, 2010 7:26am Feb 15, 2010 7:26am
Quoting jiva34
There is tax company that specialized in tax prep for forex traders
Greentaxconsultants.com there may be some useful inforamtion for free on their site.
As if US income tax isn't difficult enough, forex makes it impossible.
As much as I love the USA, sometimes I hate it.
Anyway, Forex is not like stocks, it is a whole 'nother creature. Probably some traders don't report at all. I'm not that daring, esp with the IRS.
I just report the total profit or loss for the year and give them my broker and account number.
No problems with that so far....
do the US make you pay if you win at cards too? As far as i know we pay no tax in UK for gambling (which this effectively is) unless they can prove it's your main source of income, which this is not for me (and *never* will be
  • #195,718
  • Feb 15, 2010 7:28am Feb 15, 2010 7:28am
Some tortoise move the market now!
  • #195,719
  • Feb 15, 2010 7:29am Feb 15, 2010 7:29am
Quoting 4exJunki
ze germans have invaded.

ek praat nie duits nie. spraak engels.
En vanwaar af kom jy JUNKIE?
  • #195,720
  • Feb 15, 2010 7:30am Feb 15, 2010 7:30am
Quoting beebolbod
do the US make you pay if you win at cards too? As far as i know we pay no tax in UK for gambling (which this effectively is) unless they can prove it's your main source of income, which this is not for me (and *never* will be
yes US requires report winnings for gambling, lottery etc. tips, income from yard sales. if you sneeze they want to know about it...
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