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Why Is Forex Trading Illegal in Some Countries? | Action Forex Forex Financial Currency Exchange is the largest and most far-reaching market in the world, which gives many traders a chance to start a successful business and make money with the currency trading. How To File Taxes As A Forex Trader, Tax articles, Forex ... If your broker is based in the United States, you will receive a 1099 at the end of the year reporting your total gains/losses. This number should be used to file taxes under either section 1256 or section 988. U.K. Forex trading tax laws in the U.K. are much more trader-friendly than the United States. Minimum Capital Required to Start Day Trading Forex
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