Recent content by monkeybrain

My opinion is that the EUR/USD pair has reached its equilibrium level, and we are now in a sideways market, that should last for years unless there is a big event happening. The most direct cause for the break in the EUR trend is psychological, that sounds like an obvious thing to say, but...

Thank you all. I think I will then file the Form 6781, and then both line 21 of Form 1040 and Form 4797 Part II. In addition my broker will send a 1099 to report the interest (so they write on their site), and I will join a detailed schedule of my trading.

Ok, thank you. So, I guess I will just forward this form to the IRS.

Hi, I started to trade spot forex in July 2007, with a very small account (700USD), it went up (max at 850USD) and down but now my account is down to 100USD, and I did not withdraw anything from it. Do I need to declare anything to the IRS, or even mention in any way my trading activities...

I'm wondering the same, and also whether the current interventions of the central banks will not impact negatively this assumed recession, should there be a recession. Here are my thoughts about it, I certainly miss many points and I'll be glad to discuss this matter in some depths. The...

If this is your only requirement, I think that every single currency will be strengthening against the USD in the next months, and maybe years. As for China, it is a high-risk investment. Many factors may compromise or at least significantly slow down the growth of chinese economy, in no...

The financial dimension of the mortgage crisis has just started to unfold on thrusday. It happened that it started in Europe, and we therefore saw the Euro plunging against the Yen. That being said, I very much doubt european banks are the only ones to have funds with interests in US mortgage...