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  • #491,661
  • Jul 17, 2011 2:38pm Jul 17, 2011 2:38pm
Quoting smart boy
whats long and short ?
www.babypips.com
  • #491,662
  • Jul 17, 2011 2:39pm Jul 17, 2011 2:39pm
i usually tend to ignore trading on sundays, just to feel out the market pulse before i jump in, so I don't really pay attention to gaps..

what's all the noise about the gap? Do they usually close?
  • #491,663
  • Jul 17, 2011 2:40pm Jul 17, 2011 2:40pm
Seriously guys, bring it back to real trading and stop fuking around...

There is certain things you have to do if your a scalper, I am not but I can trade that way... Not making more money by doing so but here 3 things you have to do if thats how you want to play it...

Wait for at least the kiwi bourse to open, that is in 20 minutes..
wait for some momentum
wait for a strong up or down trend and scalp it...

so wait... you don't want to be in a crap position...

what I have read so far makes me sad...
  • #491,664
  • Jul 17, 2011 2:43pm Jul 17, 2011 2:43pm
Quoting Venice
I haven't really looked into it as I have never had an overseas broker, it's the idea that gets me fired up in the first place.

I don't know how it hasn't been challenged yet... it has to be unconstitutional.
I love our constitution and bill of rights, remember ... history does repeat itself and there can be a point into which the 'people' rise. We just have to keep in check.

I am not to afraid anyways, to much money in this game to give up ... to much power behind that to persuade.

I personally would have my wife and I move overseas also or just work for a buddy and give 'advice' on trading and get paid for that ... there are ingenious ways around anything ..
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #491,665
  • Jul 17, 2011 2:45pm Jul 17, 2011 2:45pm
Quoting Fudomyo
Tell that to Homma Munehisa.

Considering he developed the Sakata Candlestick system, amassed a fortune of over 100 Billion dollars in today's dollars using that system, and was the greatest trader the world has ever known, I think I'll give more weight to his outlook if candlestick trading works than someone posting on a forum who's trading a $400 account.

But that's just my outlook. You're welcome to your opinion as well.
naah.. he was the lucky one.. :nerd:
  • #491,666
  • Jul 17, 2011 2:46pm Jul 17, 2011 2:46pm
Quoting luSan
Probably, but I think that my niece who lives in the caribean will become soon a forex trader. Of course, she does not know it yet.
there a thought. thanks.
  • #491,667
  • Jul 17, 2011 2:46pm Jul 17, 2011 2:46pm
Quoting pennies
Can't you technically become an 'employee' for an overseas trading firm and get paid on commission?

aka have a buddy start a business and trade under that business?
Better don't. Then you have to pay taxes on the profit.

As long as you are trading privately, then you not pay any tax over profit. There is a tax called capital gains tax though, but the IRS assumes 4% profit and wants 30% of that. It is levied on the averaged capital (liquid - debt). Instead of 4% gain, you can have like 100% gain, but the IRS only looks at the averaged capital. If you have -50% gain, you still pay this 4%*30%=1.2% tax over your remaining averaged capital.

Not every EU country's IRS is this nice though!

When these gains were made on the account of a company, you pay like 30% tax on the profit...
  • #491,668
  • Jul 17, 2011 2:48pm Jul 17, 2011 2:48pm
Away from media and politicians
This is real Egypt In Tahrir SQ Today
Muslims and Christan everyone pray on his own in same place as one hand for freedom

http://www.facebook.com/photo.php?fb...type=1&theater
  • #491,669
  • Jul 17, 2011 2:48pm Jul 17, 2011 2:48pm
Quoting fxjawn
ppl trying to make a living and they want to end it
they want us to die...
  • #491,670
  • Jul 17, 2011 2:51pm Jul 17, 2011 2:51pm
Quoting Mr. Aldi
Better don't. Then you have to pay taxes on the profit.

As long as you are trading privately, then you not pay any tax over profit. There is a tax called capital gains tax though, but the IRS assumes 4% profit and wants 30% of that. It is levied on the averaged capital (liquid - debt). Instead of 4% gain, you can have like 100% gain, but the IRS only looks at the averaged capital. If you have -50% gain, you still pay this 4%*30%=1.2% tax over your remaining averaged capital.

Not every EU country's IRS is this nice though!

When these gains...
I have been doing this like most for a couple years, I know about the taxes.

But this discussion is about if spot forex becomes illegal in the US, what would we do?

I was saying I would work for an overseas company ...
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #491,671
  • Jul 17, 2011 2:53pm Jul 17, 2011 2:53pm
Quoting pkimnyc
they want us to die...
And you thought Mr. Market was your only enemy
  • #491,672
  • Jul 17, 2011 2:53pm Jul 17, 2011 2:53pm
Quoting Piters
naah.. he was the lucky one.. :nerd:
i just read he had guys across japan every 6km over 600km to communicate prices - well if no-one else had the same network it says it all really.He was the only one who could see the ticker
  • #491,673
  • Jul 17, 2011 2:55pm Jul 17, 2011 2:55pm
Quoting pennies
I have been doing this like most for a couple years, I know about the taxes.

But this discussion is about if spot forex becomes illegal in the US, what would we do?

I was saying I would work for an overseas company ...
Yeah but with such a construction, you lose like 30% of your profit to taxes...
  • #491,674
  • Jul 17, 2011 2:57pm Jul 17, 2011 2:57pm
Hi Salaam and Evening All,
Still same view as last week!
both for EU and GU
however, not sure if it was just a fake out? any adeas, welcome and appreciated?

Have a green week all
Goodluck
HK
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU-wk 17.07.11.jpg Size: 167 KB
  • #491,675
  • Jul 17, 2011 2:59pm Jul 17, 2011 2:59pm
Quoting pipdude
eurusd short entry 1.4174. sl +0
eurusd short exit 2/4 +60
  • #491,676
  • Jul 17, 2011 2:59pm Jul 17, 2011 2:59pm
Quoting chazzle
i just read he had guys across japan every 6km over 600km to communicate prices - well if no-one else had the same network it says it all really.He was the only one who could see the ticker
yeah.. he was the very first scalper..
  • #491,677
  • Jul 17, 2011 3:00pm Jul 17, 2011 3:00pm
Looks like we are still dealing with 4111
  • #491,678
  • Jul 17, 2011 3:00pm Jul 17, 2011 3:00pm
Munehisa - "trading success reputedly led to him becoming an honorary Samurai." - wiki

how cool is that.
  • #491,679
  • Jul 17, 2011 3:01pm Jul 17, 2011 3:01pm
Quoting Mr. Aldi
Yeah but with such a construction, you lose like 30% of your profit to taxes...
and compared to not beable to trade at all?? lol

30% tax > no trading
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #491,680
  • Jul 17, 2011 3:03pm Jul 17, 2011 3:03pm
Quoting Piters
yeah.. he was the very first scalper..
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