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Yes, I guess my friend wants to stay in legal limits with Hungarian gov. The computer or the broker might know where the trader trades from, beacuse they can the IP address. That is actually my friend concern. If the forex broker would have a problem with where the trader tardes from regardless...

Thanks.

A friend of mine asked me the following question and I don't know what to tell him. His brother , who is Hungarian citizen, wants to open a forex account in Hungary and then this guy's brother who is US citizen wants to trade from US using his brother Hungarian account. Is that possibil? Do...

I believe 700 euros is a little exagarated. I've been to Monaco and the prices were about the ame as in Nice. the hotels were a liitle higher because of the numver of the starts, but other wise I don't see a problem living there. Parking was 2.50 (4 years ago) on the street for the whole...

Hi all, I came accross a software called Vantage point and I wonder if anyone is using it and what the opinion is . http://www.tradertech.com/forex_review_vp.asp I looke on their web page and talked to a sale rep and thei want around $2000/ for 13 currency pairs. Anyone and goods or...

37, I trade from Cleveland OH, part time now, hopefully in the future I can switch to full time. In 2004 I traded stocks and I just started in 2005 to trade FOREX.

Cooltrader , Now I know why I couldn't get that user name. :) I see we are almost twins. Thanks for the link kooltarder:)

Alanm, I know that, but I also know that the cahnge of interest rate is anounced priorly, but I don't know where to get that info from... Thanks everyone who answered.

Where can I find a good web site that tells me when the bank rates are going to be changed? Thanks

Your idea sounds good, but when you trade they will know where you trade from. Would be that a problem with IRS?

"A residency is similar to citizenship" zman, The above is not true. One can rezide in any country , without being a citizen of that country.From country to country the requirements of becominf citizen are different. Some countries, such as Germany, dont's even give you the citizenship...

It's a lot of money. I preffer to pay taxes and own a cheaper house, but the idea a really good.

"The US is the only nation... to my knowledge that requires you to pay income tax on money NOT EARNED in the US. There are some, very little exceptions." This is correct.The only way to avoid income tax is to give up on US citizenship and get a different one. I wonder if one has dual...

Thank you all.

Thanks ricktaker, That's what I thought after I read some of the posts, but it was too late, after IRS aske me to pay self-employment tax :mad:

I've filed the change for 2005, because I started trading in 2004, but I reported the trades on sch D. I was able to do that because I didn't have loss. It looks to me that the mistake I made was writting down the profit on 1040 on line 12 instead of line 13, which requires me to pay...

Isn't form 4797 used for wash sale kind of reporting? I did send the change in accounting method to IRS before April 15th. Thanks.

Traderstatus, I've filed sch C to deduct some expenses and sch D, capital loss/gain to show the profit I made. When I reported the profit on 1040 I wrote it down on line 12 and IRS wants me to pay self-employment tax. Now my question is if I could write the profit amount on line 13 ...

I am a little confused about the status of a day tarder when it's about IRS. I filed my profit as gain capital ( I didn't have loss) and deduct some expenses such as gas, trips, meals etc under a business, but I didn't pay self-emplyment tax and now IRS asked me to file Schedule C and SE(the...

I agree with that. Also majority of women are scared of taking risks or/and don't know what do do.Many women are not multi tasking, expecially when ilogic is involved. They are good cooks and money spenders, but majority of them, not more then that. They are also very imature until they reach...