Forex Trading

I lost money trading foreign currency through OANDA I have a printed copy from them of my net realized loss but no 1099B

You would report your foreign currency loss as a Section 988 transaction  and treat it as an ordinary loss in accordance with IRS guidelines. This defaulttreatment of foreign currency gains is to treat it as ordinary income. An advantage of Section 988 treatment is that any amount oanda review of ordinaryincome can be deducted as a loss, where only $3,000

I lost money trading foreign currency through OANDA I have a printed copy from them of my net realized loss but no 1099B Read More »

Dragonfly Doji explained: Meaning, patterns & trading strategies

However, after its construction, the price has slightly declined, which once again confirms the need to get additional confirmation signals. In this situation, the candlestick pattern was confirmed by the intensive growth of tick volume, after which the price finally reversed upwards. In technical analysis, candlestick patterns determine the sentiments of buyers and sellers. Related

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