I have never traded Forex and would appreciate the input from those who did.
My questions are:
1). What are the tax consequences for trading Forex in taxable USA accounts?
2). Does anyone has experience with trading Forex using Gen.3 software with OEC? How much does it cost to trade?
3). What are the fees of Collective2 for Forex trading using gen.3 software?
Thank you if you can attempt to answer any of these questions.
Eugene
1). What are the tax consequences for trading Forex in taxable USA accounts?
I BELIEVE they are taxed the same as stocks, as opposed to futures. In other words, if held short term, they are short term cap gains. If long enough, they are taxed as longterm cap gains. Anyone with more info, feel free to pipe up…
2). Does anyone has experience with trading Forex using Gen.3 software with OEC? How much does it cost to trade?
Do you mean with commission?
3). What are the fees of Collective2 for Forex trading using gen.3 software?
I believe $1.99 a side, but dunno how they assign it per unit…
Thanks Index.
Some sites on the net claim that Forex returns can be taxed the same way as futures.
Yes, I am wandering what the total cost of trading Forex is.
Eugene
one thing to be wary of, is when forex advertise commission free, is when you get nailed on the spread.
