Japanese Forex Trading Preview - forex trading uk tax implications

Japanese Forex Trading Preview ~ forex trading uk tax implications

The dollar starts the week softer against the euro, sterling and Swiss franc, but firmer versus the yen. Traders are in store for a slower week in the way of US economic reports, with the following slated for release; May housing starts, building permits, weekly jobless claims, May leading indicators and May durable goods orders. Returning to the fore is uncertainty from Asia, with North Korea completing fuelling of missiles with a range to reach the US.

Read more here.
More info for Japanese Forex Trading Preview ~ forex trading uk tax implications:

Read More

Watch out for EA scams!!! - forex trading tax rates

Watch out for EA scams!!! ~ forex trading tax rates

Recently i found forum post at ForexFactory, where author talked about some scammer selling MetaTrader expert advisor, unfortunetly i cant find this post now to give you permament link so i will just tell you what i know about the case.

First of all this "Expert Advisor" costs 25 000$ (a lot of cash) but from what i have heared it isnt worth even 25 cents. So if you recive such offer by spam or something it is best just to ignore it.

Ofcourse if you find offer interesting then you may want to buy it, in this case it is best to do your own due dilligence, search forums, ask questions etc. Do not buy just because advertisment looks good!

Well this is second forex bad news this week, so i guess coming days can be only better .
More info for Watch out for EA scams!!! ~ forex trading tax rates:

Read More

Stop using HedgeHog! - forex trading tax singapore

Stop using HedgeHog! ~ forex trading tax singapore

I have a quite sad news for you, i backtested both hedgehog strategies with MetaTrader which i described earlier and results are not as good as i thought.

More over using HedgeHog you cannot even breakeven it is a fast way to loose all your money. It is interesting because when i backtested it with spreadsheet results where quite good, and i used the worst case scenerio because i was backtesting this strategy on daily bars, so modeling quality was quite low.

Although HedgeHog seemed to be simple and effective strategy, without a big drawdown, so everything should be ok but ... well it isnt.

If you want to try to trade this strategy anyway, then you better try it on demo first and do not use big lots.
More info for Stop using HedgeHog! ~ forex trading tax singapore:

Read More