Schedule Of Trading Sessions
The Forex market is the only 24-hour market, opening Sunday 5 PM EST, and running continuously until Friday 5 PM EST. If you trade with an automated system or EA, which incorporates much of your plan within its own customized algorithms, then you probably do not need to follow a trading plan as much as code it within the EA. A trading plan is a way for manual traders to become more like highly sophisticated, adaptable trading machines; and with time and experience, perhaps even better than any trading robot because of the greater computing power and adaptability of a human brain.
The only way to make money trading is by having a trading strategy like my price action method, making a trading plan from it and having the discipline and mental strength to stick to it over a long enough period of time to let your winning trades offset your losers.
The above criteria are very much applicable to those whose only source of income is trading business but if you are salaried or you have some other business income as your primary or core income source then it becomes easier to show your equity profits as capital gains.
In fact, 90% of all mobile usage happens within apps, with the mere remaining 10% within mobile browsers, and yet CDNs can’t touch this app traffic – hence the problems faced by Forex apps the world over as they struggle with lost trades and highly frustrated users.
Nearly all advertising campaigns proclaim the success of their particular Forex automated product or service by promoting features such as substantial profits, fool-proof programming and the ability to make money in any Forex market without involving any human intervention.
From discussions within certain platform development and marketing professionals, LeapRate has recently highlighted that some companies may seek to move away from desktop platforms entirely, offering tablet and smartphone based solutions only, viewing this as the future for retail brokerage software.
Thatswhy we always suggest our traders community to consult a chartered accountant or a tax advisers as they can file your tax returns as per the laws and which will make you free from all the worries of the complexity of tax rules so that you can focus on your trading.
Stan Weinstein’s Secrets For Profiting in Bull and Bear Markets – This book was the first to quantify one of the most important concepts in trading; the four stages in which stocks move, which are the basing, advancing, topping, and declining stages.
Investments for more than one year (365 Days) are considered to be long term and profits arising out from selling a stock after holding it for 12 months will be treated as a long term capital gain (LTCG) which as per the section 10 (38) of the income tax act is exempt from tax provided such a transaction is done through a recognized stock exchange for which Security transaction tax (STT) is paid.