But then, it hits forex tax accounting basics. What about taxes. The forex tax code can be confusing at first. By default, all forex contracts are subject to the ordinary gain or loss treatment. By Bob SchneiderThe Difference Between Accounting and BookkeepingBookkeeping is an unglamorous but essential part of accounting. It is the recording of all the economic activity of an accountinh - sales made, bills paid, capital received - as individual transactions and summarizing them periodically (annually, quarterly, even daily).
For beginner forex traders, the goal is simply to make successful trades. The following articles will help you gain an understanding of the foreign exchange market, and how to succeed fotex a trader. About EspipionageWith a last name like Ninja, I decided long ago to specialize in espionage. And with my first bsics being Forex, you guessed it, my other pasison was, well, anything and everything FX.
This blog is dedicated to giving traders the inside scoop on developments in the forex industry, such as changing broker regulations, new currency trading products and companies. I also profile existing companies that are making an impact on retail forex traders, all for your benefit. Rax your night vision goggles ON.
Forex tax accounting basics