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Thanks for the replies. I shall look into creating 2 accounts and try to manage the positions and account balances. Does not seem like IB makes the whole process too easy though. My strategy is not a perfect hedge thus it does not equal flat trading. I just win more then I lose. Market goes up...

Hi, I would like to try out a particular strategy that involves buying and selling the same currency pair i.e. Going long and short on the EURUSD at the same time. I know that IB does not allow this due to the FIFO rules on a single account. Would creating a new account and linking the account...

Ha ha yeah true! So as long as I sell stocks to the total amount equal to or less then the cost basis I should be fine.

How is that? after the sell I would get back what I have put in and let the profits ride thus I am not making a realized profit or am I missing something?

Good day, I was wondering about the following scenario and would like some input on the following scenario: Using the FIFO method Buy 10 stocks in ABC @ $100 and the stocks grow to $200. Sell 5 stocks after 2 years in ABC @ $200. Do I pay Capital Gains Tax on the 5 stocks sold? Thanks for...

I am just used to using another broker for FX however I want to consolidate everything into my one IB account so this is a bit new to me with how they operate. What you have said does make sense and seems pretty straight forward. I shall try it out with a paper account first to become familiar...

Thanks for the updates. I have noticed that I can place a profit taker with each order, this helps a bit. Does each order close separately as the TP hits or is it FIFO / LIFO? Thank you :)

Hi Guys, I have been using Interactive Brokers for stocks but now I want to use them to trade Forex. I have used their demo account first to understand their Forex functionality but all my trades get conglomerated into one trade which I don't want. I have a few questions: 1) How can you view...

Hi, I have seen a lot of stocks trading on the Frankfurt Stock Exchange as well as the NYSE. Why do most of the stocks perform better on the FSE (currency conversations taken into account)? Would it be better to rather invest there as oppose to the NYSE? E.G. NASDAQ:AAPL vs FRA:APC (Using...