Law of Forex - What "Law" do you believe in the Forex Market?
The "law" i mean here is a pattern, phenomenon or a rules that the Forex Market / or a certain currency pair always obey , or something that always happen. Some silly example like "EURUSD will never be lower than xx value" , or "A certain economic news with positive result will guarantee a certain currency to go bull" , or "a certain pattern followed by a certain pattern, then this will happen" , a certain time/day of the week has the most volume , "RSI always works when pair with another indicator" , "MACD doesn't work unless xxx" ,"a mixture of indicators plus another price action is a sign of something happen" etc.. Tell us what do you believe and and your opinion on it, let us know!
http://twitter.com/forex_in_world/status/1266146832209440768Beginner’s Guide to Hong Kong’s Proposed Laws and Why Traders Should Care https://t.co/NEI4WfhqoS— FOREX IN WORLD (@forex_in_world) May 28, 2020
http://twitter.com/forex_in_world/status/1265964546923073537Beginner’s Guide to Hong Kong’s Proposed Laws and Why Traders Should Care https://t.co/CuP2tuxDXF— FOREX IN WORLD (@forex_in_world) May 28, 2020
Something I'm not grasping re: cryptos and governments
I don't understand why govts are not just going to make "digi" versions of their extant fiat currencies. For example, the U.S. forms its own digi-dollar, runs its own blockchain (even have some dedicated servers), Germany does its own thing, China does its own etc... then ban, block, and criminalize bitcoin and every other coin. Why does everyone think that this whole "globally independent" essentially private blockchain/currency idea is going to have any legs long term? Why will govts just sit back and allow their own currencies to be crushed in value and their forex laws turned into jokes?
Laws governing Forex trading in the US In the US, the main body of rules governing Forex trading is embodied in the Dodd-Frank Act which was signed into effect in 2010 by President Obama. It was a reform on precious financial regulation which allowed carte blanche to financial institutions and contributed to the 2007-2008 financial crisis. Most forex trades falls under the tax laws in Section 988 by default. Losing traders prefer the Section 988 tax laws because it eliminates capital loss limitations. Thus, most traders can enjoy the full ordinary loss deduction against any type of income by reporting the profit or loss from cash forex trades as other income on line 21 of IRS ... Aspiring forex traders might want to consider tax implications before getting started. Forex futures and options are 1256 contracts and taxed using the 60/40 rule, with 60% of gains or losses ... Forex trading is generally a twenty-four hour commitment that requires your full attention and in depth knowledge on how Forex markets work. Although you may be able to avoid deep losses with the use of automatic Forex trading software, most that engage in Forex day trading do so on behalf of banks and large financial institutions. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.
This will CHANGE your Forex game. Think like the pros ...
Hey guys here is me showing you my 20 pip scalps and that you really don't need to make hundreds of pips to be a profitable forex trader. If you want to lear... What the brokers don't tell you - Forex Trading for Beginners - Duration: 5:20. Vince Stanzione Making Money From Trading 58,673 views My Website https://bit.ly/KHunter My Broker https://bit.ly/INGOTBrokers2 Learn why you should NOT trade FOREX in this trading video guide for risk manage... Learn more here: http://bit.ly/ProTraderMindvsYours A Pro Forex Trader thinks and behaves fundamentally different from how you do. This is because pro Forex ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.