Feels like easy money - Quite often Addicted to it - Unfortunately, yes. Regret it - No. It keep tabs on my "progress" daily, and despite...
My guess is IB's customer profile is radically different than your typical forex retail customer profile. Average account size at IB is ~ $120k...
I think this is the right approach but be sure to use the adjustment codes the IRS provides for form 8949. There are a few like T and W but I...
Yes IB makes money on this. But their current USD margin rate for a small negative balance is 1.62%. I also have an account at E-Trade and their...
Let me give you some simple example that works for me, even though most of my trading involves cross currencies (i.e. don't involve USD). +...
Sometimes you get a positive carry trade (i.e. make money by holding a currency pair). For example, if you've got a decent long position in...
I would report it on Line 1 of form 6781 on a row separate from your futures gain. You'll potentially have two issues. 1) Broker didn't...
Robert - On a related subject: Do you find that many brokers handle reporting of forex transactions like IB does? They don't consider them...
Very simple. You buy one currency with another currency. Later you reverse the transaction. If you've done it right, you earn money. For...
I am a trader but when asked what I do I say I'm retired.
Various "adjustment codes" are provided to change the broker reported basis on your return. I plan to add a column to the detail transaction...
I spent quite a lot of time sorting all of my sales transactions by security and comparing it to IB provided details. The problem I'm noticing is...
Let us know the highlights when you get them.
I was in TWS and asked for my account statement. It opened an Internet window and displayed a notice about IB forex trading that I had to...
Interactive Brokers has released data showing the percentage of their customer accounts that have been profitable trading forex. The data for...
Not true. If, for example, you have the high bid of 10.00 at ECN X and the high bid at ECN Y is 9.99, it's possible that someone will sell shares...
I use software at taxactonline.com to do all of my tax reporting. It's a free service that I first learned about from the IRS. I can't say it's...
This doesn't sound like good advice. Your reported forex P/L isn't/shouldn't be dependent on whether or not you have a gain or loss. The facts...
You should have either sent it via UPS since they provide $100 insurance in their base rate or insured your USPS shipment. But having said that,...
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