Currency exchanges are built around buying foreign currencies. For example, buying Euros with dollars, on the expectation that the Euro will rise against the dollar, allowing you to sell it later (and recoup a profit).This type of pairing is called a currency pair, and the current price of a pair of currencies (how many dollars [...]
Posts Tagged ‘Currency Transactions’
Forex Trading – Understanding PIPS?
Posted by admin on April 17th, 2010
Posted in Articles 
Tags: Amount Of Money, Buying Euros, Currency Brokers, Currency Exchange Rates, Currency Exchanges, Currency Transactions, Currency Unit, Day Trader, Exact Ratio, Exchange Rate, Fluctuations, Foreign Currencies, Formula 1, Increments, News Item, Pip, Rate Exchange, Rise Against, Ten Thousandths, Thousandth 
No Comments »Pay Taxes For Forex Trading – US Traders
Posted by admin on December 14th, 2009
You finally start to profit and you are all excited about your just withdrawn cash when it suddenly hits you – what about taxes? How are my profits taxed and where should you report your income? What kind of documents should you fill in and how to keep IRC away from knocking on your door [...]
Posted in Articles Tags: 988, Assets, Capital Gains Rate, Commodities, Currency Transactions, Exchange Rate Changes, Foreign Currency, Foreign Exchange, Forex Trader, Forex Trading, Form 6781, Hell, Interest Income, Irs, Losses, Middle East, Profits, Provisions, Section 1256 Contracts, Sunny Day No Comments »