one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. Nevertheless, there's a good reason to consider the tax implications before making that first trade. The ForexLive economic calendar can help you get a better perspective on forex news events that could impact your trading.
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Do you remember the first time that you came across the financial markets, or more specifically, forex trading? Most spot traders are taxed according to, iRC Section 988 contracts. Forex the goal is simply to make successful trades. Notably, 1256 contracts, while more complex, offer 12 more savings for a trader with net gains. The significant difference between the two is that of anticipated gains and losses. The performance record formula will give you a more accurate depiction of your profit/loss ratio and will make year-end filing easier for you and your accountant. This is a major benefit.
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