TopicForex Trading Alert Software Review
129 postsMon 21st Sep 2020 - 7:49am
40% of your profits in Forex will be taxed as short term capital gains at Click Wealth System Review your current tax rate of 33% which calculates as (0.4)(10,000)(0.33)= $1,320.
So the total tax that you pay on your Forex investment will be ($900) + ($1,320) =$2,220. But your tax on stock investment was $3,300 which is $1100 more than the tax on the same capital gain on your Forex investment.
Tax savings on Forex investment like that can add up fast. Profits can accumulate quickly by investing in the Forex market within your IRA or other tax-deferred retirement account.
But you need to know how to trade successfully if you want to take advantage of all the above benefits. Learning how to trade can take sometime. You will need some effort and determination before you succeed.