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How much do you have to make to file for taxes on Forex income?

do you have to just make less than what your state requires for taxing? So let's say I made 2k trading but my state says I don't have to file taxes unless I make 3k or more, then do I not have to file?
submitted by FaithSkater to Forex [link] [comments]

[Business] - BAY bullish on forex income in 2019 | Bangkok Post

[Business] - BAY bullish on forex income in 2019 | Bangkok Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - BAY bullish on forex income in 2019

[Business] - BAY bullish on forex income in 2019 submitted by AutoNewsAdmin to BANGKOKPOSTauto [link] [comments]

Trading taxes in Canada

Im planning to move to Canada, currently i live in my home country we don't have taxes here on forex income , when i opened my trading account i stated im x nationality and i live in x (my home country) , when i move to Canada if i want to withdrawal from my trading account should i do it directly from my trading account to my bank account back home and then to my bank in Canada, or should i transfer it from my trading account to my bank in Canada, and what is my stand on taxes in both cases
submitted by time_over to tax [link] [comments]

FREE on Amazon right now - TRADING: 6 Books in 1: Day Trading, Forex, Futures, Options, Stock & Swing for Beginners 2020. Discover the Psychology of Investing & the Best Strategies to Increase your Income

submitted by TheBlindSquirrel17 to Daytrading [link] [comments]

Who is with me? UPVOTE AND COMMENT ... learn how to make extra income from working from home on your computer or mobile phones through trading on the forex market hit me up to know more

submitted by Rowlandgates to FreeKarma4U [link] [comments]

If I'm unemployed and I profit more than £12,500 a year (tax-free allowance) trading Forex, will I have to pay income tax on all profits above £12,500?

Also, when do I declare it as income? Does it count as income when my Forex account balance increases, or when I actually withdraw the funds into my bank account?
So lets say that I gain £20,000 this year trading Forex, but this stays in my Forex account (I don't withdraw any money into my bank account). Will I have to declare it as income and pay taxes on it? Or is that only if I withdraw the profits into my bank account?
(by the way, I am spread betting, therefore there is no stamp duty or capital gains tax).
submitted by RapidActionBattalion to UKPersonalFinance [link] [comments]

Be a #smarttrader! Rely on the #nextgentechnicalindicator “#VelocityFinderNeuralTrader” and increase your income from #forextrading. Here is a proof for 70 pips in #EURGBP. Get it now & get more #pips! https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/

Be a #smarttrader! Rely on the #nextgentechnicalindicator “#VelocityFinderNeuralTrader” and increase your income from #forextrading. Here is a proof for 70 pips in #EURGBP. Get it now & get more #pips! https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/ submitted by Wetalktrade to u/Wetalktrade [link] [comments]

We are able to trade for you in the forex market and make good income for you. Send me a message and you will be directed properly on how to make good investment.

We are able to trade for you in the forex market and make good income for you. Send me a message and you will be directed properly on how to make good investment. submitted by Ericfreemanrich to u/Ericfreemanrich [link] [comments]

Q3 Results: IndiGo Returns To Profit On Other Income, Forex Gain

India’s largest airline’s net profit fell 74.95 percent on a yearly basis to Rs 191 crore in the third quarter, according to its exchange filings. Analysts had forecast a wide range for bottom line between a net loss of Rs 600 crore and a net profit of Rs 600 crore.
The low-cost carrier had reported a surprise loss of Rs 652 crore in the previous quarter because of a weaker rupee and higher aviation turbine fuel prices.
...
Link to full article: https://www.bloombergquint.com/quarterly-earnings/q3-results-indigo-returns-to-profit-on-other-income-forex-gain
submitted by vineetr to IndiaInvestments [link] [comments]

Tips On How To Improve Your Forex Trading Income

Tips On How To Improve Your Forex Trading Income submitted by ososru to Bitcoin4free [link] [comments]

Tips On How To Improve Your Forex Trading Income

Tips On How To Improve Your Forex Trading Income submitted by Leka213 to CryptocurrencyToday [link] [comments]

Tips On How To Improve Your Forex Trading Income

Tips On How To Improve Your Forex Trading Income submitted by Rufflenator to 3bitcoins [link] [comments]

Tips On How To Improve Your Forex Trading Income

Tips On How To Improve Your Forex Trading Income submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Anyone on here that trades forex as their only source of income??

Other passive income ok, I just mean as your 'day job'
submitted by that_guy_pming_tits to Forex [link] [comments]

[Business] - BSP income up 421% on forex, high interest rate

[Business] - BSP income up 421% on forex, high interest rate submitted by AutoNewsAdmin to MBauto [link] [comments]

Forex seems complicated. Is there a sure way to make a low but guaranteed side income on Forex? probably there is not, right? otherwise everybody would be doing it.

submitted by miliseconds to Forex [link] [comments]

[Business] - BSP income up 421% on forex, high interest rate | Manila Bulletin

[Business] - BSP income up 421% on forex, high interest rate | Manila Bulletin submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Hi everyone, today is the first time for me to use REDDIT, and I wanna share a good product here :WFX It's a financial exchange investment app. We can follow the experienced forex investors to earn a second income.Yes, it is an AD and I am using this to make money like every day $40 and so on...

Hi everyone, today is the first time for me to use REDDIT, and I wanna share a good product here :WFX It's a financial exchange investment app. We can follow the experienced forex investors to earn a second income.Yes, it is an AD and I am using this to make money like every day $40 and so on... submitted by CristinK to u/CristinK [link] [comments]

Forex to Pay the Bills.

Is it really possible to rely solely on forex to pay the bills or do most people have other reliable streams of income that they use to pay the bills then the money they make as a forex trader is a bonus.
I am asking because the returns are not guaranteed and even looking at the current economic situation right now with the effects of the pandemic and US election on markets is it really advisable to focus solely on trading as a career and comfortably pay your bills.
If anyone has achieved this please explain to me how and their honest experience with it. And you better not be selling courses on the side.
submitted by currenccy to Forex [link] [comments]

Non Strategies for Success

TL;DR The why as to why you trade is as important as the strategy you use to trade.
I am new to Forex. However prior to COVID I was a professional card player but when the casinos closed shop I needed to find another source of income. Over the past few months I have been doing a lot of research into different strategies to use however, the one area of information that is rarely ever discussed is the why of why you are doing this. In any setting risk management is a major component to determine success but, what determines your level of risk tolerance is independent of each person's goals. Before I ever sent a dime to a brokerage or opened a demo account I asked myself these questions.
1.) What is my reason to do this? Determining whether this was something I wanted to do full time, part time, as passive income or as a challenge to beat.
2.) What is my short term and long term goal with this? Was I looking to make money right away? Was I looking to reinvest? Have a plan as to what you are going to do with your money beforehand and stick to it.
3.) How much time am I willing to invest into this? Practice makes perfect in any endeavor and to become good at something requires time.
4.) How much am I willing to lose before I call it quits? Just because you have 20k doesn't mean you have 20k to lose. Knowing when to walk away from a losing session is even more important than basic strategy as it will allow you to come back to the table to try again so to speak.
Each of these questions lead to more questions until I had a defined plan of action as to how I wanted to move forward. These questions also gave insight as to the style and type of trading strategies I would be looking for as they fit my goals. The strategy I have been using is successful for me because of my style of risk tolerance and risk management but may not work for others. Ken Jennings and James Holzhauer are two of the most successful competitors on Jeopardy. However the strategy each used were different but worked for them. Same applies to professional poker players, athletes and almost any task imaginable. So I see many people asking for strategy advice. The advice I would give is for them to ask themselves not "How should I be trading?" but "Why am I trading?". This is just my two cents. Good luck to you all.
submitted by TheTrueVisionary to Forex [link] [comments]

How realistic is my 2/5% profit each month goal?

Hello Fellow Traders!
A few weeks ago my college decided to drop me (M21) out because there was a mistake made by a third party which led to me not being in the school system.
I have been into trading cryptocurrencies for a few years now and a couple of months ago I came in contact with day/swing trading. In these months I got the basics down and began trading forex/indices on a paper trade account and doubled this account within a month (probably some beginners luck haha)
Since I'm out of college I have a ton of time towards myself. I want to make this time useful and teach myself a lot of new skills like trading, marketing and building websites.
Now my goal for trading is to start learning more about it, especially day and swing trading. I want to invest at least 5 hours a day studying the market, learning trading techniques and getting proper risk management in.
My question towards you guys is, how likely/possible is it for me to make a consistent 2/5% profit each month? And turn this into an income of let's say 20k a year (Given that I have created proper risk management, and studying at least 5 hours each day)
Thanks for the read, and if you have any questions just let me know! :)
submitted by Lalph-Rauren to Daytrading [link] [comments]

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Forex Talk On Forex Trading Income Taxes USA Only with Kouleefx

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