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Archive for February, 2008

Lost in Translation: Foreign Exchange Tax Codes (Part I)

Sunday, February 24th, 2008

Remember that hit movie “Lost in Translation,” in which a clueless Bill Murray wanders dumbstruck through the foreign and thoroughly baffling world of modern-day Tokyo? That’s the look that comes over many forex traders when they try to get their head around the Internal Revenue Code as it relates to foreign exchange trading. Forex is [...]

Eight Steps to Successful Trader Tax Filing

Saturday, February 9th, 2008

by Jim Crimmins Each New Year brings to a close a trading tax cycle and officially begins the preparation for our next annual reckoning with the Internal Revenue Service. If your income exceeded your expectations, you can bring that sense of accomplishment to the daunting job of tax planning; if not, a trader’s tax accounting [...]

Shorting Strategy

Thursday, February 7th, 2008

by Bob Kleyla Shorting a stock is the exact opposite of buying a stock. When you short a stock you are hedging your bets that the stock will go down in price unlike when you buy a stock and believe the price will go up. In order to short a stock you must have a margin [...]

“Do You Wanna Fight?”

Wednesday, February 6th, 2008

by Jim Wyckoff  I was busy Friday morning writing my “Glance at the Markets” feature for financials, when I got an email from a trader. He said he was bullish coffee and wanted to go long. All morning long, it seemed, trader emails had been popping up on my computer screen–and many were advocating playing [...]