Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
sptraderrlc
-
Content Count
3 -
Joined
-
Last visited
-
According to the new Barney Frank-Christopher Dodd tax on the trader law, the FX futures market is NOT included in this law, only the spot currency pairs trading. You can still trade the FX futures off shore. I am talking with a couple of contacts off shore that operate dealing desks that claim their lawyers have found a loophole for US residents to trade spot fx off shore. I guess we'll see. I'll post when I find out. Can't say where it is right now. I presume their would be some additional risk with off shore trading. I always keep a minimum account to trade there so if they do go south, it won't hurt so much. I withdraw consistant profits to keep it small enough to handle, should it happen. Thanks for responding to all of this. Nice to have folks to talk with around the globe.
-
Thanks Maxr and others for your info. Very helpful. Further research indicates that you can still trade fx futures without your foreign account being repatriated, or, find a foreign dealing desk and platform that does not have a US connection of affiliate.
-
Was this an archived webinar and if so where can we find it? Thanks