Foreign Exchange Rates
I need someones judgment on currency trading taxes in the United States?
Jan 31st
I have traded. Made profits and losses. My concern is what is taxed, the final outcome of my account (tax net profit?) or all the times I have profited at each trade. Do not know how these taxes work and need an internet source to look it up.
Regards.
I am confused at this foreign exchange rate explanation,pls help?
Jan 30th
“Now let’s say that the Americans own $100 and the British own 100 Pounds. If America buys $5 worth of product from Britain, America would have $95 and Britain would have 105 Pounds. Suddenly Britain becomes wealthier. In theory Britain is approximately 10% wealthier now. (100/95×105=10.52%) So suddenly $1 would be worth around 1 Pound and 10 Pence”
This mean $1 is stronger than £1,therefore isnt America wealthier and not Britain?
thanks in advance.
Does Tradestation include futures and currency trading unlike Ameritrade or E trade?
Jan 28th
E trade and Ameritrade is just stocks, options and bonds isn’t it unlike Tradestation?
International Economics: why a nagative slope supply curve for foreign exchange?
Jan 26th
why a supply curve for foreign exchange can be negative ?
Generally, if nominal exchange rate is defined by
domestic currency / foreign currency, then we will find a
supply curve for foreign exchange to be postive slope.
I wonder under what conditions a supply curve for foreign exchange will be negative slope. In what textbook of International Economics, can I find this explanation?
Thank you for your reply.
