Even foreign non resident non domiciled in the US people trading on US forex platforms online are liable for payment of US taxes from their US-source profits obviously enough -or so I understand- (income/capital gains taxes, and so on)…

The question is: How are they supposed to do so –filing/reporting income returns and the whole lot of stuff- as they dont live there so they can´t go to the proper tax agency and do it in person?

The idea of prosecution from the US government for tax evasion due to lack of knowledge doesn’t sound much ‘appealing’ honestly… I mean, personally it’s all that issue about platform-based taxation what makes me most doubtful on investing on forex online from Spain
So I wonder if those platforms –or the Banks they work with– already apply tax discounts on foreign non resident non domiciled clients’ accounts so to get them rid of all US tax inconvenience –filing potential tax returns included-
Thank you
(…I hope being lucky enough to meet across some really skilled/experienced helping people round here…)

Until you learn how to make FX profits, your question is a moot point.

More than 90% of FX traders lose money. During the process of learning to trade, you will meet and partner with other traders, brokers, and accountants that set up and manage your accounts that can answer your questions accurately based on the circumstances at hand, rather than some hypothetical situation that doesn’t yet apply.

Are the governments going to get their taxes? Just keep good records, set aside a percentage of gains, and plan on it. What you call "safe" is a subjective term that means something different to everyone.

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just like the forex trade works online.

The Multiple Listing Service (MLS)

Where local listings are post for other real estate sales people to have assess to homes for sale and information about them. Also shows the information about sold properties. Requires membership and available to licensed agents only.

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Looking to learn more about currency trading any good books on the matter would be helpful. Also looking to start an account online to accomplish this. I heard of Forex? anyone that has shorted currency with success I value your answer. Is there a George Soros in the house?

FX (Forex)… currency trading…… there is no such thing as shorting…. not in the same sense as you would with stocks. All currencies are traded in pairs. You either buy the pair or sell the pair to establish a position. So the EUR/USD would be a good example. You can sell or buy this pair which creates the side of the position you want…. buying the EUR against the USD or buying the USD against the EUR.
It’s not magic.

So… any Forex broker can do this for you. The problem is….. they all stink. Some less than others. If you’re a USA citizen… stick to a USA firm like;
GFT
FXCM
IBFX (InterbankFX)

Forex will quickly wipe out your portfolio…… unless you take years to slowly learn trading & practice very good trading money management skills. Lots of people and companies make it sound like people are getting rich everyday from trading FX. If you approach it that way…. I guarantee you’lll quickly lose your account.

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Hi everyone,

I live in the United Arab Emirates and would like to know, which forex broker can I use to trade online. At the moment I’m practicing on a demo account from www.fxpro.com the platform is good but I’m a little skeptical about an online broker in Cyprus.

The broker need not be in my country or have an office here. I don’t mind dealing online(i.e. sending & withdrawing money directly to my account).

I have googled and found a couple of sites but would like to know if someone has a good experience and can recommend me here.

Thanks & Regards
Ecronic

you may check your options here. it will lead you to a popular, leading forex broker that has gained the trust of middle eastern traders because it is shariah law compliant. the level of personal service is excellent. by opening an account, you will be provided a personal account service manager or asm as mentor and consultant. discussions can be done via phone, email or chat. you may also download a 50K practice account to start with. all the best.

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Hello everybody,

Can you guys please suggest me some online brokerage names based on my requirements:

#1: Brokerage should allow to trade stocks,options, futures and forex.

#2:Brokerage should be able to allow me to trade all the above listed things in Worldwide Important Exchanges (NOT only american stock or equity or futures exchange).They should be international.

#3: I would like to trade more times a day i.e, entering and exiting the different trade multiple times in a single day.So, Commision for trade should be reasonable or inexpensive.e.g: I do not want to pay 10 dollars for the single trade as a comission if i planned to exit the trade immediately because if i thought i made wrong decision.You understand what i am saying?

#4:Some kind of reliability.(Customer service, Trading platform etc…)

#5:Broker who satisfies you ,:"YOU" means whoever answering my question.

#6:Advice or suggestions.

Thank You.

OptionsExpress is pretty good, you may also want to try Trade King, they are always adding new services and they are easy to work with.

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