Comments on: Does anyone live in the US and have a forex broker in a foreign country? http://www.currencyexchangemarket.com/blog/does-anyone-live-in-the-us-and-have-a-forex-broker-in-a-foreign-country/ Thu, 17 May 2012 19:34:24 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Daniel http://www.currencyexchangemarket.com/blog/does-anyone-live-in-the-us-and-have-a-forex-broker-in-a-foreign-country/comment-page-1/#comment-1478 Daniel Thu, 14 May 2009 08:53:38 +0000 http://www.currencyexchangemarket.com/blog/does-anyone-live-in-the-us-and-have-a-forex-broker-in-a-foreign-country/#comment-1478 There is quite a lot of money available in the forex market if you know what your doing.. unfortunately that takes a long time to master. I definitely recommend metatrader (mt4) expert advisors (robots that trade forex automatically for you)... For info about the many different brands\versions and types check out this blog: There is quite a lot of money available in the forex market if you know what your doing.. unfortunately that takes a long time to master.
I definitely recommend metatrader (mt4) expert advisors (robots that trade forex automatically for you)…

For info about the many different brands\versions and types check out this blog:

]]> By: Ronald http://www.currencyexchangemarket.com/blog/does-anyone-live-in-the-us-and-have-a-forex-broker-in-a-foreign-country/comment-page-1/#comment-1477 Ronald Tue, 12 May 2009 23:44:51 +0000 http://www.currencyexchangemarket.com/blog/does-anyone-live-in-the-us-and-have-a-forex-broker-in-a-foreign-country/#comment-1477 Many of them are unregulated which has its ups and downs... The upside is that you can use all kinds of expert advisors (automatic robots that trade for you unlimited) without being regulated by the NFA: Downside is that they aren't regulated (so they can screw you over if they have a bad reputation). Many of them are unregulated which has its ups and downs… The upside is that you can use all kinds of expert advisors (automatic robots that trade for you unlimited) without being regulated by the NFA:

Downside is that they aren’t regulated (so they can screw you over if they have a bad reputation).

]]> By: mark mc donnell http://www.currencyexchangemarket.com/blog/does-anyone-live-in-the-us-and-have-a-forex-broker-in-a-foreign-country/comment-page-1/#comment-1476 mark mc donnell Tue, 12 May 2009 07:27:02 +0000 http://www.currencyexchangemarket.com/blog/does-anyone-live-in-the-us-and-have-a-forex-broker-in-a-foreign-country/#comment-1476 I live in the USA and I have one broker based in the UK and one based in Canada. All deposits are in USD and I report gains on my taxes as normal. Best Regards LEVEL 3 Yahoo Answers Responder Mark A. Mc Donnell, Owner Monitors 20 Currency Pairs in Real Time and Verifies Your Entries Spot Forex Trading Plans for $19.95 per Month "Stop doing what you want to do and start doing what the forex is telling you to do" I live in the USA and I have one broker based in the UK and one based in Canada. All deposits are in USD and I report gains on my taxes as normal.

Best Regards
LEVEL 3 Yahoo Answers Responder
Mark A. Mc Donnell, Owner
Monitors 20 Currency Pairs in Real Time and Verifies Your Entries
Spot Forex Trading Plans for $19.95 per Month
“Stop doing what you want to do and start doing what the forex is telling you to do”

]]> By: Alvie http://www.currencyexchangemarket.com/blog/does-anyone-live-in-the-us-and-have-a-forex-broker-in-a-foreign-country/comment-page-1/#comment-1475 Alvie Mon, 11 May 2009 14:17:29 +0000 http://www.currencyexchangemarket.com/blog/does-anyone-live-in-the-us-and-have-a-forex-broker-in-a-foreign-country/#comment-1475 You may end up paying taxes twice on your forex income. You'll have to pay income tax in the country of your residence (USA). And you'll also have to pay tax on the same forex income in the country where you have your forex account. There are some agreements between some countries to avoid double taxation like that. But not every country has an agreement like that with USA. Which means that you might have to pay taxes twice. Or else the IRS will be after you. You may end up paying taxes twice on your forex income. You’ll have to pay income tax in the country of your residence (USA). And you’ll also have to pay tax on the same forex income in the country where you have your forex account.

There are some agreements between some countries to avoid double taxation like that. But not every country has an agreement like that with USA. Which means that you might have to pay taxes twice. Or else the IRS will be after you.

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