AI
Saturday, February 27, 2010 1:06:29 PM
Thanks simplegreen, I'm already looking into a UK account from one of the links I found here on the board.
Yeah that leverage rule would be death for sure. That would nail it for me. But even this FIFO rule, as I lean more about it...it just seems like a completely moronic move on their part and one that only serves to hurt the retail trader as I'm sure this rule does not apply to institutional trading. Screwing the little guy seems to have become corporate America's favorite pastime
The advantages of trading Forex without that FIFO rule are starting to look fairly big to me.
Are there any tax issues with opening a UK account or does it have no affect on US tax filing?
Yeah that leverage rule would be death for sure. That would nail it for me. But even this FIFO rule, as I lean more about it...it just seems like a completely moronic move on their part and one that only serves to hurt the retail trader as I'm sure this rule does not apply to institutional trading. Screwing the little guy seems to have become corporate America's favorite pastime
The advantages of trading Forex without that FIFO rule are starting to look fairly big to me.
Are there any tax issues with opening a UK account or does it have no affect on US tax filing?
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