Recent content by kooltrader

I know buddy. That's what I was trying to tell the other guy. But I just wanted to hear from others how a bank would react. I don't like "surprizes".

Yes, this is what I am going to do. Thank you all.

I like Steve Nison for candlesticks. he's got books and his live courses on DVD's Also I own this one:Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John Murfy. It covers a lot, if not all the technical analysis aspects. It's $54 on...

What would those be then? Just give me some exemples please.Thanks

This doesn't have anything to do with structuring or avoiding reporting. See my previous post. For exemple If I want to close down my whole forex business, I will want to get all my money left in that account, not to give it to my broker. So I will need to transfer everything over a bank...

why do you believe this about "playing stupid and ingorant"? I don't believe it has much to do with IRS anyway, because any trades one places, brokes knows and have records of . So how would you not report that to IRS? You must be nuts not to do it. Brokers send all the trades records to IRS...

Do banks care if you transfer money to them from credit cards? I actually did a balance transfer of $9000 to my checking account, but I am wotried about larger amounts, 50K, 80K 0r more.

This sounds correct and logical. Let's say a good trader has 500K in his account and needs some money, 100K. So he needs to transfer that into his checking account. Why this would be a problem?

I will need to look int tis. i don't quiet understand what this is about. However as I said my forex account is all legeal. They report all my gain/loss to IRS every year and of course according to that I pay all my taxes. The major worry I have is that part of the money in my forex acc came...

Everything is legal, I am with Gain capital. My worry is that I heard that a bank might question customers when they deposit large amounts of money, over 10K. My broker will send all the money to my checking account, then I will pay the credit cards off from this account. Thanks

I'm thinking about closing my forex account so I will need to withdraw the money into a bank account (USA). Or maybe I will just withdraw some money. I have like 89-90K. Would be this a problem? Or what's the best way to do it? I've been a trader for about 5 years now and money came from my...

American parents don't educate their children anymore. They allow them to do whatever they want to and no wonder why the kids become wild when they grow. IMO ADD is not a disease, it's a way of making money, like many other disease US gov made up.

Yes my Treo was on tmobile as well. I only swapped the SIM card to the Wing. I think it has something to do with the wing technology rather that the service. For exemple in order for me to get the MT charts I have first to open Internet Explorer, other wise charts won't update. When I was...

I recently switched from a Treo 600 phone to Tmobile Wing. I installed MetaTrade on the Wing and it's very slow. It takes quiet a while for the charts to update. I talked to tmobile and the setting for the internet connection were Ok. When I was using Treo600 the charts were coming up right...