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WillemDrees
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100k Registered Users of TL!
WillemDrees replied to MadMarketScientist's topic in Announcements and Support
Congrats TL on this impressive Milestone. High Quality board indeed!! Ingot54 +1 for the book -
BlowFish is spot on in post #5. The only advantage of spotforex is indeed being able to trade microlots. CME introduced de micro futs a couple years ago, tried them for a bit, but the volume was too low back then. Not sure if it has improved since. Having traded both i have to say the tools for future trading are also a lot better, ie. i like Ninjatrader a lot better then i do MT4. I've read that some brokers like Forex.com offer Ninja for forex but most do not.
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How Much Does the IRS Tax Your Trade Winnings?
WillemDrees replied to ctvas's topic in Beginners Forum
Now there's a question i always wanted to reply to. I live in the Netherlands, so i haven't a clue how much the IRS taxes trading profits, i've read numbers between 20 and 30%... The reason i love to to reply is i still find it unbelievable that the Dutch IRS taxes trading profits a tiny 1.2%......and that's on profits OVER €25K/year. Amazing but true. This has to change at some point but it's been like this for ages.