I am interested in trading forex but don't know if capital gain tax is due in Canada on such trades? And what if I use a US based broker? I saw that some brokers are based in Swiss and other places and accounts open with them are capital tax exempt. Does anyone know more about it? Thanks.

The Tax law in Canada and the USA both want cap gains on earnings from forex trades.

Currently there is no IRS form that is sent from ther broker to you but is you do not report earnings it is against tax law…

Good luck

hi
i am a beginner and i work with fx solution
i got a question about that:
in the fx solution when i put a limit and stopless, and when the candle arrive to that point, it close my trade with no alarm.
is there any option to set any alarm when it close?

thank you

the best answer has 10 points.

Hello,

Here is the tutorial explaining all about forex techniques and limit / stop orders. Kindly go through it. it contains the methods where to put stop loss or limit orders.

I am using this site for my studies as well.

http://www.finexo.com/infoCenter/5548

http://www.finexo.com/

http://www.finexo.com/infoCenter/5553

ie, forex, CFD's, indices etc? If you are, can you shed some light on how to start and how much capital you started with?

well, fx cfds are great and hedge funds use them to make millions.. but day trading? the answer above said it.. a losing game.

i think sometime ago i came across a emperical studied that proved day-traders lose everything in the long-run.

some of the best traders dont over-trade. they don't commit without any goal.

investment is key.

can potentially make lot of money from trading cfds from making 10 trades a year – holding them for sometime -provided u have the margin.. than from day-trading. the money u make today ull lose tomorrow.

Hello I am scalper.I love to trade GBP/JPY.But the large spread is always a big problem for me.I dont like to trade with broker which is a bucketshop.I like platform like currenex.However if anyone have any knowledge abount any platform that provides 2 to 4 pips spread for GBP/JPY then please answer me.I have 50k so minimum deposit is not a problem.

Check out Dukascopy. They have the best spreads that I have personally found. Many are between 0.5 pips and 1.5 pips. 50K minimum investment. Best interest rates on carries.
They have a true interbank market and do not play off client trades.

Hellooo…,
I m currently persuing MBA (MMS FROM MUMBAI UNIVERCITY) & doing a summer project on "CENTRAL BANKS' INTERVENTION IN FOREX MARKETS & ITS IMPACT ON FOREX RATES." I have got very less info on the same.Hence, if possible, please help me. You may suggest me websites or Books on the same.
Thanks a lot in advance

Check out Business Today and RBI site.

Has anyone had any good or bad experiences of the automated trading system – Forex Tracer – or subscribed to Dean Saunders publication, The Ten Minute Forex Wealth Builder?

Also, can anyone recommend a forex trading course based in London that I could attend. I would be willing to pay for some decent forex education that goes beyond the promises of every internet guru out there. Thanks

A good forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. Hopefully this blog can help. http://www.whatisforextrading.com/blog/ Remember, no system will be fool proof, so be cautios about the claims some trading systems make.

I have tried a few stock exchange programs and I have found whenever I try to either buy, sell, short or cover stocks the prices of the stock alway tend to be that stock's price from 15-20 minutes ago. Is there a program that is accurate to the time I process the transactions (because I already know that a stock is going to go up or down since I have seen it do so 20 minutes ago). Does anyone know of a good program, and maybe one that deals with forex, currencies, etc?

FXCM offers a free demo account with real time 4X charts.
Orders are executed and tracked on their trading platform, as if it was a live trade.

http://www.fxcm.com/

MedvedQuoteTracker offers real time prices and charts.
You'll have to keep track of your orders by hand.

http://www.quotetracker.com/help/esignal.shtml

Last Friday, I have money invested in Dollar VS Euro. I choose dollar over Euro because of the average indicator and other technical indicator showing that the Euro currency is weakening.

I put $500 on Sell in US/Euro, the Euro value went against me and I have about -$200 in my current trade. However, I figured that eventually I can leave the trade alone for the weekend.

Last Monday, I look into my account and noticed that I have a -$900. The Euro was more weaker and that my prediction was correct. However, why was I been marked as -$939.60 leaving me to pay the broker for the -$380.04 that I owed.

What I also noticed that there is a Swap penalty but I need to know more about it. Why am I being charged with Swap penalty and could that be the reason why I lost money?

Here is the screenshot to show my trade….

http://i27.photobucket.com/albums/c160/Bopkasen/lostmoney.jpg

Note: I am practicing on “paper” portfolio and not real value.

How do I avoid that hidden or unseen problem when trading in the forex trading including using the software?

What do I need to do in order to manage my lots position properly?

Net Advisor, I don't mean to be rude but you are wrong.

There is nothing different between a real money and a paper money.

This isn't a game, I invest in foriegn exchange like I would with real money.
I have great analyst skill and extremely intelligence.

The last thing I need is an insult to my intelligence.

Sorry, if you are looking for help currency trading, and you are losing before you even get in, that should tell you how you are prob going to do. Playing with real money is far different that play accounts.

I'm 21 & I'm really Hook (with the capital H) with increasing my knowledge towards Investing like stocks, mutual funds, index, forex, banking system etc. learning all of this is my passion (especially making money from it). So i hope i learn something and actually still learn all the things that I need to learn. But how am i going to deal with people (especially people that i knew) that I know for myself that they don't know what they're talking about & totally know nothing about the topic, & you can see in front of your face that they are TOTALLY WRONG & MISINFORMED. but they talk like a Hedge fund manager and think they know it all, and actually tell you to Do This and That. I want to tell them the things that I learn through my experience & painstaking learning but they look down to me as if I'm a trash 21 year old guy. I want to share my knowledge bec. despite d way dey talk they're deep drowned in depth, no investment, keep losing the most powerful resource & that is TIME

Dear Mr. Learn,

How do you deal with people like that? Well, you recognize that they are foolish, right? So treat them as I do all fools that I run into:

When they give me advice or swear they heard it from their grandmother's cousin who is like Warren Buffet … I smile and nod and say, "You could be right." Then change the subject.

One other thing … after investing for over 20 years, I've learn that it is rarely a good idea to talk to your "friends" about investing. Check out web sites that offer mentor programs or stock picking communities where people like you just want to share ideas and ask or answer questions seriously. Try stockpickr.com (no "e" in stockpicker).

I wish you luck!
Uppity Wench

Hi, i am thinking of investing in forex and i get these mix reactions from people. some say that its really risky but the others say that its really good.

All i really wanna is on what has been forex success stories. what are the chances of being successful here.

I imagine you'd get successes as well as failures, just as in any endeavor. The attached source provides some good independent information in this regard. I personally don't invest/trade forex (yet) because I have a full time job/family while managing $Ms in funds and $Ks in options.