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At XM we offer both Micro and Standard Accounts that can match the needs of novice and experienced traders with flexible trading conditions and leverage up to 888:1. During this phase the trader also uses other statistical tools – such as the Monte Carlo simulations discussed yesterday – to determine the worst-case or failing threshold” of the strategy, the point where the system will be deemed to risky to be traded.
Not only will you lose profits, you will have learned absolutely nothing about trading or how to read a chart’s price action, so you will be left in a frustrated and angry / desperate state of mind which will probably cause you to lose even more money in the market via over-trading / gambling.
Hi, im a windows phone user, got a little bit glitchy there but after a few update the apps are getting superb, i can read / scroll as usual… I dont know about you guys, but for newbies like me its better to keep it this way… Download, learn, read all about it and understand, if you willing to sacrifice your time, go and get this app im sure you will loved it… From WP to Android, i wouldnt miss this app on my phone.
Even when high leverage is very risky, but all time trading and liquidity of the foreign exchange trading has helped brokers in making high leverage a virtue of this industry that has facilitated in making movements meaningful for traders in this field.
This means that 60% of the capital gains are taxed at the lower, long-term capital gains rate (currently 15%) and the remaining 40% at the ordinary or short-term capital gains rate, which depends on the tax bracket the trader falls under (as high as 35%).
Betting on the movement in an index is exempt, as is betting on a horse etc, but in currency trading and the like you are acquiring and disposing of obligations, as they are themselves capable of being bought and sold it takes you into the field of CGT or IT.
An investor can treats his short term income from equities as capital gains and pay a flat tax of 15% while a trader has to declare his income from short term equity trades as business income and is obligated to pay tax as per his taxation slab which in case of higher tax slab individuals can mount up to 30%.
Lastly with our battle tested two target profit taking strategy we ensure that we capture big pip movements when the market provides us the opportunity to do so. With BK SWING Trades we target a smaller initial profit (usually 50 pips) and if hit, we move the stop on the rest of the position to breakeven, allowing us to participate in the rest of the move risk free.