Posts Tagged“trading”

Contract for Difference (CFD) is a type of financial instrument that allows you to speculate on the price of an asset without having to buy it physically. To help you better understand this concept, here is an introduction to CFD trading in Asia. What is CFD trading? It’s an effective way to invest in assets that you otherwise couldn’t afford by using only a fraction of the cost. If the asset price rises, your profits are multiplied, whereas if it drops, you get burned. This instrument puts the power back into your hands, but only when used responsibly and with…

Binary options trading has become very popular (and under increasing scrutiny from the SEC and other government agencies). Due directly to that popularity, a very wide range of trading platforms have emerged. Some are worth your time, while others are costly mistakes waiting to happen. How do you ensure that you’re choosing the right trading platform for you? Check for Registration First and foremost, any binary options trading platform that works with US clients must be registered with the SEC. It is vital that you trade with a regulated broker. Of course, if you’re not in the US and your…

The American income tax system requires that all income over $600 in a given calendar year must be reported on income taxes. It doesn’t matter if this money is earned at a job, given as a gift, or generated through smart binary options trading – it all counts as income, and therefore the IRS requires that it be reported. Taxes on this money must be paid depending on the state tax laws of your home, as well as on the federal level. If you’re a dedicated trader, it’s probably a good idea to employ an accountant. Keeping up with the…