Profit Guide to Forex
Forex Profit Systems

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Forex Account Knowledge Base

How do you pay taxes on a foreign forex account? I have a forex account but the brokerage is in another country. Do I pay taxes or what? And if I do how do I go about doing that?
If I am based in the US, but open a Forex account in the UK do I have to pay UK taxes? I'm based in the US and already have an US based FX account. Due to silly NFA rules and regulations I am thinking about opening a UK Forex account but am worried about potential taxes I would have to pay. Do I have to pay US and UK taxes if I have a UK based account and live in the US. I will not be spread betting.
Managed Forex Account too good to be true ? I came accross a Managed Forex Account (FX Funds Group) that shows a past return of 80% for 2008!. This just looks too good to be true, even with 35% fees. Does anyone have experience with such funds ?
Do I need good credit to open a FOREX account? If I open a FOREX account with a broker are they going to check my credit?
Does anyone know how to show a live forex trading account on a website? I have seen forex sites that show live updates on forex accounts, can anyone tell me how or direct me to a site that explains how to do this?
What is a virtual forex account? I'm ignorant about forex. I've just seen these as an ads from a certain website where I can open a free virtual forex account. Anybody who can explain what is it all about?
Please can I withdraw money from my forex account when trading. I use mt4? When trading with mt4 on a forex vps, can I log into my account from another location? How do I stop trading when an EA is trding for me on mt4 trader? I'll be grateful for answers.
Do I report my capital gains from my Forex account? Hi, I live in Canada and I have a Forex broker (for trading currency) in Australia and I had gains (about $300) last year from a few trades. My question is am I suppose to report these on my tax return? When I opened my broker account the only thing they asked me provide was my ID and address no SIN number or tax identification number so I'm just wondering.
What is the ideal capital to open a mini forex account? I plan to open a mini account with USD800. what leverage should i use? do i have the right to choose the leverage i want? i plan to start small....1:2 or 1:3. i had played a demo account for 2 months. Current P/L is USD866.91 with USD3000 account. But i'm not sure what leverage i'm using. i need to know wether i can choose the type of leverage each time i go trading.
what is the lowest leverage for mini forex account? i plan to open a mini account with USD 800. i plan to gain 15 pips in a day but i don't want to use a very high leverage due to its high risk. what is the lowest leverage offered in mini account? from which broker?
Can i use Zulu Trader to trade a mini forex account? I see that Zulu Trader has an app for the Iphone and i have a mini fx account with FXCM. I was just curious whether or not this is compatible with the mini accounts.
How to get a free trial of Megadroid Forex for my practise account on Forex Trader? I recently got a practise account for Forex Trader and i would like to try out Megadroid Forex to see if it would be worth getting with a actual account on Forex can you give me a web link where i can get a free trial of Megadroid Forex for my practise account?
Forex account involving standard versus mini lot sizes? I have a standard account but the smallest lot size I can buy is 100,000, what can I do if I only want to buy 20,000 or 50,000 for a lot size?
What are the costs of having a Forex.com account? I am trying to open a Forex.com account, and I was wondering what is the monthly cost and / or cost pero transaction. Is it posible to buy a certain amount foreing currency and hold it for over a month until I consider is the right time to sell it? or is there a limited time to trade? Thanks
Where can I get a forex tradeing demo account (site) and win monthly prices real money? I want to sing up for demo account to trade money like forex but I want to get one that gives prices like monthly price for the 1st trader.
Which is the best Forex services account ? I wanna trade in currencies...and there are so many Forex account sites on the net that the choice becomes difficult for a guy like me who has so far NEVER traded in currencies, especially in Euros and $$$...
Where can I go to start a demo ForEx trading account? I would just like to practice it, I really don't have much money and don't really wish to attempt trading right now but would like to see what I can do with a demo account/
opening a forex account? I am planning to open a forex account with oneworld. I am a little nervous, just wire them 10,000? They are in New York and have been in biz for 5 years but since this is new to me... I have no resevations sending money to Scottrade but well since this is new I am uncomfortable. Just need reassurance that people 'do this all the time' and it is not some sort of scam.
Should I start a forex account with $250? Should I start a forex account with $250? Will I make any money with such little capitol or just end up losing it all?
how much profit can i make on a manage forex account?can? Does anyone know how much i can make on monthly basis,a manage forex account that has $25,000 in it
I want to invest $1000 in a mini account trading forex, good idea? forex.com offers a mini account with a minimum deposit of $250. Is $1000 enough to trade with or should I look for a micro account.
Is it true that true that you should limit any one trade to 2-5% of your forex account? I'm going to check out some books from the library, but could any knowledgable investors shed some light? I don't mean to be lazy but I have a lot of my mind + by helping one person it helps everybody. (Atleast those intested in trading.)
How can I download free demo account for fap Forex Robot ? How can I download free demo account for fap Forex Robot ?
How does a Forex Managed Account work? Is it better to trade my own money or have someone else do it? Is it riskier? How does it work exactly?
Do you need to get a credit check in order to open a Forex trading account? So you still get like 100:1 or 200:1 leverage without getting your credit checked?
Is it possible to invest long term on the forex market with a margin account? Is it possible to invest long term on the forex market with a margin account ? Like can I trade a currency against another and hold it for a few months ? Thanks
Can I trade US Index Future, and forex on my TFSA account in canada? Can I trade US Index Future, and forex on my TFSA account in canada? If yes, which company provide such service? InteractiveBrokers Canada doesnt have TFSA account.
What is the best forex broker who has cent account with 1:500 leverage, allowing hedging, and 10,000 lot size? I'm looking for a Forex broker who provide cent accounts with the following features: 1- hedging on same currency should be possible 2- Leverage is 1:400 or 1:500 3- Lot size can go up to 10,000 4- reputable in trading and withdrawal of funds Thanks
How to see the earnings in Practice account in ICM Metatrading(Forex Trading)? I have created the ICM metatrading practice account and Iam learning that, Just anybody tell me how to see the earnings in the ICM Metatrading software,. And also explain me about that, Explain me deeply about forex Trading,. Thanks in Advance,.
How to buy USD and sell EUR in FOREX, while the account is in USD?!!? If USD is going up against EUR, then you choose to Sell EUR -- Buy USD... How this is possible while your account is in USD?!!! How can you buy USD with USD or Sell EUR while all you have is in USD?!!! Please clarify to me as I don't want to enter FOREX before understanding it properly... Thanks
If my dad is investing 2/3 into my Forex trading account and i am investing 1/3, what profit should he keep? I would also like to add that before i take any profits, my number one priority is to return his amount invested. He thinks i should give him back 2/3 of the profits, even though i will be doing all of the work, so, what do you think is a fair share?
Delay in canceling membership for forex account? Hi again, thank you for your help for all my previous questions. I did read them through and did not listen to some of them.:(( therefore, i have another question. I signed up for 3 day trial with forex auto money. after a few minutes i cancel it and i still haven't got a confirmation. Do you think they are going to charge me for the next billing period eventhough I have done my part? I hope not. If they do that,what can i do? thanks in advance
can i do forex business from bangladesh?can a student get the chance to creat an account & invest in forex? bangladesh doesn't have any forex broker house. but i want to invest in forex. how can i do that.can i play that from malaysia as a student visa holder or business visa holder.
Where to get forex micro account and lower pip brokers ???? Where to get forex micro account and lower pip brokers ????
I have just gotten into forex trading and started a practice account with forex.com.? I have made $55,000 dollars starting with a $50,000 dollar account. Beginners luck? I am really worried that it is so I'm going to start a real account with the minimum deposit of $250. Has anyone else had experiences like this; is it really so simple?
Opening a forex account with Oanda? I live in Pakistan, I want my desi traders to help me with this issue. What bank are you using to wire transfer funds to Oanda? I tried Standard Chartered Bank, but they want an NTN (National Tax Number) to do wire transfer to a company.
I turned 50000$ into 70000$ trading on forex practice account in two days, is that good? The reason I am asking is because it's kind of hard to believe that I was able to make 40% profit in just two days. I am wondering if the demo account is even legit, in the sense that it works exactly like a real account with the only exception that it's not real money? Is that true?
Why when signing up for a Forex account? through an online broker they need my passport number?
how can i find a reliable forex account manager? As a student, i have $100 to invest and i'll like to know what the interest rate is like.
I want to manage forex account for people worldwide. I am an Indian citizen. What are the legal requirements ? I am proficient enough to manage forex trading account on behalf of others and would like to start this business. Being an Indian citizen, I would like to know the relevant laws and regulations that I need to follow in order to do this. Please help. Thank you.
Has anyone opened a real live FOREX account? I am currently placing trades on a demo account that has gone up from the virtual $50,000 to $107,739.00 in a little over a week. Are the demo or practice account set up to make more profit to convince someone that it works or are they just like the real account only I'm placing trades on virtual money?
minimum Initial investment for forex in micro account? I want to start using forex (i have trained a lot on simulators), but now i would like to have a go at the real market. I know you can open micro accounts for as little as $50, but what do you think is the minimum amount of money you should put into your first micro account for some good training/practice, and maybe even some profit.
Why do forex brokers give away money when opening an account? Hi Guys, I just opened a micro account with an online forex broker, and they give away 100% of your initial deposit when opening a micro account. I just found this suspicious and wanted to know if this is normal, and why brokers would do this? Thanks in advance! Would this mean that i have to pay back these US$300, or are they "mine" and i pay them back through the spreads by trading?
Forex Demo Account to LIVE Account conversion rates.? I am a part of a small online Forex brokerage firm and we have DEMO Account to LIVE Forex Account conversion rate of nearly 9%. I am wondering if this rate is on par with that of other Forex Online Brokers. I would appreciate your answer,
Is iforex good option to buy forex account? i want to open forex account for trading forex, is iforex reliable firm
I need to invest up to $500 in managed forex account? I'm looking for a reliable forex company that can manage a mini account starting from $100 up to $500, any one can help?
when funding a forex account, do you need to give the company a copy of your passport and utility bill? I am looking to open an eToro account and I am not comfortable with giving a copy of my passport and a utility bill to the company, are these things necessary? Also if you have a good forex site for people with small amounts of funds such as myself, what would you be using? Thank you. Have you guys used etoro? I like how its setup and the pips are really low. Plus the starting amount is very small.
Is there a way to protect my forex account cash against a weaker dollar? What can i do to protect my Forex account cash encase the dollar collapses? Without taking the cash out in buying gold is what i meant ofcourse. Can't i just open a 0 leverage account and open a position in another currency or gold? But then i would have to worry about margin calls if I open a position which is 90 percent of my account, right?
Does anyone have a Questrade forex account? I'm thinking of opening a Questrade forex account and was looking for a review from someone that has an account with them. P.S. also looking for a referral if i do join.
how can i transfer money from forex account to my bank account? hi, i have opened a demo account for forex trading, now i want to invest real money. but i don't know how to transfer profit to my bank account from forex trading account. anybody please suggest me. i am new in forex trading.
How much money should have in your Forex account in order to earn an income? i have not budget or make any plan just suggest your strategy. thanks for helping in advance.
Is it possible to start a forex trading account in another country like Australia or Canada? I want my cash to be in a more stable currency. But i don't want to move to another country. I just want to trade by proxy through another currency.
Looking for reputable forex broker for micro account? I'm looking for a few forex brokers that offer micro or custom accounts that are reputable. Low deposits and good spreads. Please let me know if you have personally used any and what your thoughts are regarding them. Thanks.
If you had a Forex a managed account and the returns were above average would you consider this? If you had a Forex a managed account, and the returns were above average, would you consider sharing the profits 50/50 with the trader?
how can i transfer money from my forex account? i am an indian and new in forex market.. i don't know how to withdraw my dollar and convert it into money. is western union or wire transfer is safest way to receive money?
Can my Forex trader withdraw my account balance? If i opened a micro Forex account on a broker site and give my trader the "trader password" to trade for me, can my Forex trader withdraw my own money without I know? I use this broker HotForex.com
I have a 1000 dollars in my forex account, and want to risk 2% per trade. How many pips should my stop loss be? will trade no more then 10 micro lots (1 mini lot) is 20 pips good? hey thanks alot! I didn't really think about dividing it into 2 separate trades at .05 each. closing first at a 20 pip profit and then trailing the other. Thanks again!
What is Forex Managed Account and how can you manage it in UK? What is Forex Managed Account and how can you manage it in UK?
Am I ready for a live forex account? I've been collecting approximately 600 pips per month on a demo account? Should I practice beyond the 6 months I've been doing this or more to a live account?
How do people open a mini-forex account with a small amount? Everytime I apply, it states they must manually approve my account. x_X. They never do. Yet I see some people on forums that are trading with $500? I have at least $5000 in residual funds and I cannot get any approval.
How to open a Forex Trading account?What all legal formalities? I am residing in mumbai. Please help me to open trading account. and what all legal formalities required
How to open forex trading account from Pakistan? Hi I live in Pakistan. None of the banks here allow bank transfer to foreign forex brokers abroad. They say that only Customer to Customer Account wire transfer is allowed and that I cannot transfer or receive money Business to Customer or Customer to Business. Is there any way that I can transfer money and open forex trading account from which I am able to withdraw as well to my bank account?
I wanna open a Forex account on a site but....? This site says Credit Card required with logos of MasterCard, Visa and WireTransfer. But I cut my Credit Card off and got A Debit Card with logo MasterCard, Does that work? Can I open a forex account?
how is demo and live forex account different to each other? Hi, basically the title says everything. It's just that I have read a few articles that mention that live forex accounts are different to demo accounts so please could someone explain how and why are they different? I mean if the prices are the same, they are moving the same, why the result is different? It just makes no sense. Cheers