Forex profit

The price of bitcoin has wavered this week as some bullish traders take profit following a long and successful bull run.

New forex bonuses

BTC/USD Forex Signal: Bull Traders Take Profit, forex profit.

In total, the currency has risen by more than 50% this year, becoming one of the best-performing assets in the market. It has risen by more than 700% from its bottom in 2020. Bitcoin price could be supported by the upcoming stimulus package. Biden has proposed $1.9 trillion in spending, with individuals receiving about $1,400. Some of this money will end up in the crypto market.

BTC/USD forex signal: bull traders take profit

Latest news

NASDAQ 100 forecast: breaking towards new records again

DAX forecast: continues upward momentum

S&P 500 forecast: likely to continue going higher

GBP/USD forecast: pulling back from familiar area

Bitcoin price could be supported by the upcoming stimulus package. Biden has proposed $1.9 trillion in spending, with individuals receiving about $1,400. Some of this money will end up in the crypto market.

Bullish case

Set a buy stop at 37,000, hoping to capture gains in case of a bullish breakout.

Have a take-profit at 39,000 and a stop loss at

35,000.

Timeline: 1-2 weeks

Bearish case

Set a sell stop at 33,272, the lowest level yesterday.

Add a take-profit at 32,000 and a stop loss at 35,000

Bitcoin price is under pressure, a few weeks after it reached an all-time high of $41,975. The BTC/USD is trading at 34,730, which is 8.5% below this week’s high of 37,888. It is 17% lower than the all-time high. Other altcoins like ETH and LTC are also being pressured.

Bitcoin price searches for direction

The price of bitcoin has wavered this week as some bullish traders take profit following a long and successful bull run. In total, the currency has risen by more than 50% this year, becoming one of the best-performing assets in the market. It has risen by more than 700% from its bottom in 2020.

This trend has been helped by the ultralow interest rates and the unprecedented quantitative easing policy implemented by the federal reserve. Also, it has done well due to the trillions of dollars worth of stimulus offered by congress. These policies, together with the risk-on sentiment in the market, have led to a relatively weaker US dollar.

The BTC/USD is also reacting to a statement by janet yellen, the incoming treasury secretary. In her testimony on tuesday, she asked congress to come up with measures to curtail the use of bitcoin and cryptocurrencies. Like christine lagarde, she said that the currencies were used to fund illegal activities. Therefore, this means that the crypto industry could see more regulations in the next few years.

However, the bitcoin price could be supported by the upcoming stimulus package. Biden has proposed $1.9 trillion in spending, with individuals receiving about $1,400. Some of this money will end up in the crypto market.

BTC/USD technical outlook

The BTC/USD is trading at 34,730, which is lower than the all-time high. On the four-hour chart, the price is also below the descending trendline that connects the highest swings in the past few weeks. It also seems to be forming a symmetrical triangle pattern. The price is slightly below the 15-day and 25-day exponential moving averages. Therefore, for today, I suspect that the pair will be in consolidation. The key support and resistance levels to watch will be 34,000 and 36,000.

Profit calculator

Before you open a position on a trade, it’s important to know exactly how much capital you could gain or lose depending on the outcome of the trade. Our profit calculator is a simple tool designed to help you do just that.

Calculate your potential profits and losses now

How does the calculator work?

To determine the potential profit or loss of a trade, simply start by selecting the currency pair of your choice and choose if you’re are buying or selling. Once you have set the open and close price, you can then choose the currency in which you’d like to see the results.

What else do I need to know?

The actual result of a live trade is subject to change due to factors such as sudden volatility or important market news and announcements.

You should also remember that different account types employ different commissions, swaps and spreads. The above should be used as a guide alongside your other risk management techniques. For more details on terms for each account type, please click here.

Join over 2 million traders and get more with FXTM

Your capital is at risk.

More about FXTM

Loyalty programme

Media corner

Policies & regulation

FXTM sponsorships

This website is not aimed at anyone other than residents of the united kingdom.

FXTM brand is authorized and regulated in various jurisdictions.

Forextime will be launching MT5 in the near future, we will keep our registered clients posted and will also update our website accordingly.

Forextime (www.Forextime.Com/uk) is authorised and regulated by the financial conduct authority with license number 777911.

Forextime limited (www.Forextime.Com/eu) is regulated by the cyprus securities and exchange commission with CIF license number 185/12, and licensed by the financial sector conduct authority (FSCA) of south africa, with FSP no. 46614.

Exinity limited (www.Forextime.Com) is regulated by the financial services commission of the republic of mauritius with an investment dealer license bearing license number C113012295.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Regional restrictions: FXTM brand does not provide services to residents of the USA, mauritius, japan, canada, haiti, suriname, the democratic republic of korea, puerto rico, brazil, the occupied area of cyprus and hong kong. Find out more in the regulations section of our faqs.

6 best forex profit signal indicator for MT4/MT5 download free

The forex profit indicator is an exchanging framework intended for every day exchanging. This framework utilizes six distinct indicators for the exact estimation of the passageway in the market pattern. It is uniquely made for novice brokers and it is anything but difficult to utilize this indicator, no particular expertise is expected to begin this exchanging framework.

How about we view the indicators utilized in the forex profit indicator exchanging framework, the indicators are referenced underneath:

1. Forex profit indicator meter

The forex profit indicator meter indicator is the main indicator that is utilized in the forex profit indicator exchanging framework.

This powerful indicator is utilized to show general data like money sets. This indicator is additionally used to recognize the quality and heading of the market pattern. It shows the cash sets on the upper left corner of the indicator graph. It gives the most unpredictable outcome

2. Forex profit indicator bar

The forex profit indicator bar is the second indicator that is utilized in the forex exchanging framework. This indicator is utilized in this framework for featuring the candle example, bolts, and the specks that are utilized to determine various patterns in the indicator outline.

It gives green and red hues to an alternate candle to demonstrate here and there in the market pattern.

3. Forex profit indicator clocks

The forex profit indicator tickers indicator is an indicator utilized for dealing with the ideal opportunity for various patterns in the market pattern. It is utilized to watch out for the periods.

It is utilized to identify the light occasions, implies that when the candle design shows up in the indicator graph when it comes to at the most noteworthy purpose of the day exchanging when it begins moving to descend, when it arrives at the absolute bottom of the day exchanging, and when the candle design closes toward the finish of the time. It is utilized to oversee time.

4. Forex profit indicator signals

The forex profit indicator signal indicator is an indicator that is utilized to distinguish the signs in the market pattern. It is utilized to make various signs in the market pattern like purchase signals, sell signals, overbought signals, and oversold signals.

This indicator utilizes various hues to purchase and sells signals. It utilizes blue shading for demonstrating the purchase signs and it utilizes a red shading to show the sell signals in the market pattern.

5. Forex profit supreme filter indicator MT4

The forex profit indicator channel indicator is an indicator that is utilized for the affirmation of the signs. It is a significant piece of the forex profit indicator exchanging framework.

6. Forex profit indicator dline

The forex profit indicator dline indicator is a straightforward and significant component of this framework since it is utilized to affirm the market pattern by force. It is utilized to identify the energy of the market drifts that assist with getting a productive exchange.

The forex profit indicator exchanging framework has various employments. Some of them are referenced here. This framework is across the board framework since it gives all the adaptabilities under one rooftop. It is perhaps the best framework that is intended for amateur merchants. It causes the merchants to get a more exact and beneficial exchange. It is utilized for various purposes like purchase and sells signals, painting bars, an affirmation of signs, and so on.

BTC/USD forex signal: bull traders take profit

Latest news

NASDAQ 100 forecast: breaking towards new records again

DAX forecast: continues upward momentum

S&P 500 forecast: likely to continue going higher

GBP/USD forecast: pulling back from familiar area

Bullish case

Set a buy stop at 37,000, hoping to capture gains in case of a bullish breakout.

Have a take-profit at 39,000 and a stop loss at

35,000.

Timeline: 1-2 weeks

Bearish case

Set a sell stop at 33,272, the lowest level yesterday.

Add a take-profit at 32,000 and a stop loss at 35,000

Bitcoin price searches for direction

BTC/USD technical outlook

How to calculate forex profit and loss

Calculating forex profit and loss

Online forex trading offers number of distinct advantages. Besides real time rates, your profit and loss is calculated on real time basis by the forex trading software and is displayed live online. Even though this is an important advantage in forex trading account but I strongly recommend that you must be aware about the methodology to calculate your profit and loss from forex trading.

Basically there are two straightforward rules for calculating your profit and loss from forex trading:

Rule no.1: whenever the quote currency (second currency) is USD, you can calculate the profit and loss in USD terms by multiplying the number of pips with 10 USD if the lot size is a standard lot of 100,000. Similarly in case of mini lot of 10,000, the profit and loss from forex trading can be calculated by multiplying the number of pips with 1 USD.

Rule no.2: in case of quote currency other than USD, the profit and loss will be calculated by dividing the number of pips with the exchange rate and then multiplying the result with lot size.

Let us discuss few factual examples on how to calculate profit and loss from forex trading. I have illustrated three examples – one example with USD as the quote currency and two examples with JPY as the quote currency. For simplicity only long trades (trades where you buy first and then sell) are considered. The lot size is assumed as standard lot of 100,000 and lot quantity is taken as 1 lot.

Calculation of profit and loss for EURO/USD trade

Buy trade executed at 1.5555 and sell trade executed at 1.5560.

Profit/loss = 1.5560 – 1.5555 = 0.0005 OR 5 pips.

Since the quote currency (second currency) is USD, profit and loss in USD terms = 0.0005 x 100,000 = 50 USD ALTERNATIVELY profit and loss = 5 pips x 10 USD =50 USD

If you are a trader from EURO zone and you wish to calculate your profit and loss in EURO terms then you need to apply basic math. Divide your USD profit and loss by the exchange rate i.E. 1.5560. It works out to 50/1.5560 = 32.13 EURO. This point has been explained just for the academic interest as all the forex trading brokers display your profit and loss in USD terms.

Calculation of profit and loss for USD/CHF trade

Buy trade executed at 1.0473 and sell trade executed at 1.0488.

Profit/loss = 1.0473 – 1.0488 = 0.0015 OR 15 pips.

Since the quote currency (second currency) is CHF (other than USD), profit and loss in USD terms = 0.0015/1.0488 x 100,000 = 143.02 USD.

Calculation of profit and loss for USD/JPY trade

Buy trade executed at 108.09 and sell trade executed at 108.30.

Profit/loss = 108.30 – 108.09 = 0.21 OR 21 pips.

Since the quote currency (second currency) is JPY (other than USD), profit and loss in USD terms = 0.21/108.3 x 100,000 = 193.91 USD.

Wrapping up

Well-timed locking of your profit and booking of your loss in foreign currency trading is the most important trait for being a successful forex trader. Hence the knowledge of how to calculate profit and loss from forex trading plays a very important role in flourishing the online forex trading business.

How forex trades are taxed

Find out the basics before you make your first foreign exchange trade

For traders in foreign exchange, or forex, markets, the primary goal is simply to make successful trades and see the forex account grow. In a market where profits and losses can be realized in the blink of an eye, many just want to make money in the short-term without really thinking about the longer-term ramifications. Nevertheless, it usually makes some sense to consider the tax implications of buying and selling forex before making that first trade.

Forex options and futures traders

For tax purposes, forex options and futures contracts are considered IRC section 1256 contracts, which are subject to a 60/40 tax consideration. In other words, 60% of gains or losses are counted as long-term capital gains or losses, and the remaining 40% is counted as short term.

Key takeaways

Aspiring forex traders might want to consider tax implications before getting started.

Forex futures and options are 1256 contracts and taxed using the 60/40 rule, with 60% of gains or losses treated as long-term capital gains and 40% as short-term.

Spot forex traders are considered "988 traders" and can deduct all of their losses for the year.

Currency traders in the spot forex market can choose to be taxed under the same tax rules as regular commodities 1256 contracts or under the special rules of IRC section 988 for currencies.

A 60/40 tax treatment is often favorable for individuals in high income tax brackets. For example, the proceeds of stocks sold within one year of their purchase are considered short-term capital gains and are always taxed at the same rate as the investor's ordinary income, which can be as much as 37%. When trading futures or options, investors are effectively taxed at the maximum long-term capital gains rate, or 20% (on 60% of the gains or losses) and the maximum short-term capital gains rate of 37% (on the other 40%).

For over-the-counter (OTC) investors

Most spot traders are taxed according to IRC section 988 contracts, which are for foreign exchange transactions settled within two days, making them open to treatment as ordinary losses and gains. If you trade spot forex, you will likely be grouped in this category as a "988 trader." if you experience net losses through your year-end trading, being categorized as a "988 trader" is a substantial benefit. As in the 1,256 contract category, you can count all of your losses as "ordinary losses," not just the first $3,000.

Which contract to choose

Now comes the tricky part: deciding how to file taxes for your situation. While options or futures and OTC are grouped separately, the investor can choose to trade as either 1256 or 988. Individuals must decide which to use by the first day of the calendar year.

IRC 988 contracts are simpler than IRC 1256 contracts. The tax rate remains constant for both gains and losses, which is better when the trader is reporting losses. Notably, 1256 contracts, while more complex, offer 12% more savings for a trader with net gains.

Most accounting firms use 988 contracts for spot traders and 1256 contracts for futures traders. That's why it's important to talk with your accountant before investing. Once you begin trading, you cannot switch from one to the other.

The rules outlined here apply to U.S. Traders with accounts at U.S. Brokerage firms.

Most traders naturally anticipate net gains, and often elect out of 988 status and into 1256 status. To opt out of a 988 status, you need to make an internal note in your books as well as file the change with your accountant. Complications can intensify if you trade stocks as well as currencies because equity transactions are taxed differently, making it more difficult to select 988 or 1256 contracts.

Keeping track

You can rely on your brokerage statements, but a more accurate and tax-friendly way of keeping track of profit and loss is through your performance record.

This is an IRS-approved formula for record-keeping:

Subtract your beginning assets from your end assets (net)

Subtract cash deposits (to your accounts) and add withdrawals (from your accounts)

Subtract income from interest and add interest paid

Add in other trading expenses

The performance record formula will give you a more accurate depiction of your profit/loss ratio and will make year-end filing easier for you and your accountant.

Things to remember

When it comes to forex taxation, there are a few things to keep in mind:

Mind the deadline: in most cases, you are required to select a type of tax situation by jan. 1. If you are a new trader, you can make this decision any time before your first trade.

Keep good records: it will save you time when tax season approaches. That will give you more time to trade and less time to prepare your taxes.

Pay what you owe: some traders try to beat the system and don't pay taxes on their forex trades. Since over-the-counter trading is not registered with the commodities futures trading commission (CFTC), some think they can get away with it. You should know that the IRS will catch up eventually, and the tax avoidance fees will be greater than any taxes you owed.

The bottom line

Whether you are planning on making forex a career path or are simply interested in dabbling in it, taking the time to file correctly can save you hundreds if not thousands in taxes. It's a part of the process that's well worth the time.

Download forex profit launcher V3.0 indicator system for MT4 free

Forex profit launcher system best for price action trading in day time or night time. If you want daily profit with long term target then you are right place with forex profit launcher expert strategy.I just give you honest reviews forex indicator profit launcher robot and trend forex profit indicator system.Forex profit support launcher strategy give you daily 100 pips in H4 time frame in any currency pair in mt4.

In forex expert profit launcher trad automatic on your account in 24 hours in day and night time in all pairs mt4.

Free forex profit launcher system advisors

Forex is best business and fastest make money online if you are using right forex trading profit launcher with trend.

You can trad any time any where with the help of profit indicators price action system and chart mt4.

Setup forex profit launcher system

Follow day one for long term trading with profit forex expert or indicators.

Trad all pairs but major pairs give you more accurate result.

Forex market session uk trad only.

Working setting apply automatic when you active template.

Forex profit launcher indicator that use for metatrader 4 (MT4) or metatrader 5 and most imported of the forex indicators to provide or transform the accumulated MT4 history data for perfect result.

Forex profit launcher- indicator for (MT4) metatrader 4 provide a great opportunity to detect patterns in price and various peculiarities in price dynamics that mostly invisible on trading charts.

For more accurate strategy on this information traders also can assume more next price market movement and adjust own trading strategy accordingly.

How to setup or install this forex profit launcher indicator in metatrader 4 or MT5 chart .Mq4?

1st download forex profit launcher indicator for metatrader 4 in own desktops .Mq4

Now copy forex profit launcher indicator files for metatrader 4 (MT4) .Mq4 to folder metatrader go to directory/expert/indicators and paste here mq4 files

Now time to start or restart MT4 broker & metatrader 4 client account login

Now go to indicator in metatrader 4 search custom indicators right side navigator left side in you metatrader 4 chart

Now click on forex profit launcher MT4 indicators.Mq4 and active

Attach this forex profit launcher metatrader 4 indicator any currency pairs

Setup indicator setting as you want after that press ok

Forex profit launcher – metatrader 4 .Mq4 indicator now available in your charts

Basic entry and exit trading indicator signals strategy

Buy or sell trading signals in forex profit launcher MT4 this forex indicator are very easy to understand just follow simple step.

Buy signal: open a buy trad entry with good volume size when the forex profit launcher show you strong buying signals lines.

Before trading must apply stop loss for short or long term as you want.

Sell signal: open sell trad entry when price go buy to selling zone with breakout level in MT4 chart any currency or gold pairs.

Time frames: 5-minutes, 1-minute, 15-minutes, 1-hour, 4-hours,30-minutes, daily, weekly, monthly

How to uninstall or remove forex profit launcher – metatrader 4.Mq4 indicator from your (MT4) metatrader charts?

Choose the chart before you apply this indicator in your metatrader 4 client

Click chart right button in metatrader4

Select indicator list

Now select this indicator and delete

Do I pay tax on forex trading in the UK?

This is our ultimate guide to the UK income tax for forex traders.

Here is a summary of our key findings:

There is a ‘grey area' within the complex topic of this question, and there are 3 main factors that need to be considered:

The first question that needs to be resolved is what type of trader you are: a speculator/gambler, or an investor?

The second factor that comes into play is the type of instruments you trade which make you your profit - spread betting or cfds.

The third factor which needs to be considered requires an analysis of the personal finances and circumstances of the individual trader. While performing the analysis the frequency and quantity of your trades should be examined, as well as your salary bracket and other factors.

In short - spread betting profits are generally not taxable in the UK. Profits from trading cfds however, are taxable. Let’s dive in to deeply explore the detailed guide.

At the time of this writing, spread betting profits are generally not taxable in the UK. Check out our list of UK forex brokers, many of whom offer forex, commodity, and stock trading as spread betting. Profits from trading cfds however, are taxable. However, there may be exceptions to these rules, as outlined below.

There is a ‘grey area' within the complex topic of this question. In the U.K., there are three types of tax (income, corporation and capital gains) that in various cases will be the basis of taxation of profits from forex trading. Forex traders are also categorised as different trader types which can affect the basis on which their forex trading profits will be taxed.

The first step in answering the question of whether an individual will pay tax on forex trading in the U.K. Is to assess the status of the trader, look at the instruments traded, and then determine the style and intentions behind the trading activity.

This can be confusing at times, which is why each trader should always seek their own independent financial advice from a professional accountant or consult with HMRC (her majesty’s revenue and customs, i.E. The tax office) to receive guidance, although unfortunately many traders report that HMRC is not as helpful as they had hoped for.

The forex trader’s taxable status

Broadly speaking, there are two reasons you are ‘trading’ forex (different to ‘exchanging forex’):

To speculate or gamble, OR

To invest (to increase the performance of your daily, weekly or annual returns, directly or indirectly).

1. The speculator gambler

This forex trader fancies the occasional punt and will spontaneously place trades with no real consistent method or system behind the decisions.

This type of trader usually will have other forms of income. Any additional income received from forex trading would be considered secondary, therefore they would not be liable to pay any tax on profits and would effectively be able to trade tax-free in the U.K.

2. The investor

This type of trader treats trading as a business.

An investor treats forex trading as his or her main source of income, or their main source of income somehow derives from trading activity, in which case, they would be liable to taxation of profit on the basis of either income, capital gains or corporation tax.

So, we can see that the first question that needs to be resolved is what type of trader you are: a speculator/gambler, or an investor.

It is worth noting however, that this alone cannot be used to determine your tax liability. Other factors outlined below are the next issues to be considered.

Are profits from spread betting and cfds taxable in the UK?

There are various types of instruments available as wrappers from most forex brokers when trading forex. For retail forex traders, the two main products offered to UK clients are ‘spread betting’ and ‘cfds’.

This is the second factor that comes into play: the type of instruments you trade which make you your profit.

Let’s look at how these products differ and review the different U.K. Tax implications of trading them.

Spread betting is the simpler way to trade. It is also the easier out of the two to understand for beginners.

With spread betting you are simply betting on the direction of the price, at a certain amount per point, for example, you bet that GBP/USD will rise at £1 per pip.

This type of bet is considered speculation/gambling and is, therefore, free of any capital gains tax.

Cfds - these are somewhat more complicated.

With cfds you size your trade according to ‘lots’, for example 1 lot of a major currency pair is typically worth $10 per pip. Note that most retail forex brokers offer trading in units as low as mini-lots, with one mini-lot equal to 0.01 lots.

Also, in CFD trading, the base currency of your bet is determined by the underlying instrument you are betting on, while in spread betting all bets are denominated in your account’s base currency.

Most forex brokers offering CFD trading also impose an additional trade when converting your profit or loss back to the original currency of your account, which adds another dimension to your profit or loss. For example, if your account’s base currency is GBP, but you make a profit of 10,000 japanese yen, your broker will usually credit you with the yen profit at the end of the day, converting it into GBP at its prevailing GBP/JPY price at the moment of conversion.

Cfds are typically traded with a longer time frame in mind than spread betting, hence a CFD position is considered ‘capital’ and is, therefore, generally subject to capital gains tax.

Personal circumstances of forex traders

As mentioned previously, when tackling the question ‘do I pay tax on forex trading in the UK’, three major factors have to be examined. We have already covered the first two.

The last factor which needs to be considered is the most complex and requires an analysis of the personal finances and circumstances of the individual forex trader combined with an examination of the trading activity that occurred which created the profit.

HMRC will consider the following issues in assessing your personal circumstances:

Whether you pay tax or not on the remainder of your income (if any).

If you are liable to pay tax, which tax you pay and how much.

Salary bracket - whether you earn more or less than GBP 50,000 annually.

Whether you are a limited company, part of a corporation or self-employed.

Whether you have employees and the role they play in your profit.

Products or assets involved (cfds of spread bets).

Frequency and quantity of your trades.

Duration of your trades (time between the opening and closing of positions).

Therefore, although you may be confident of how you should be taxed on your forex trading profits as a U.K. Resident taxpayer, HMRC may see it differently and may ask more detailed questions to arrive at a decision. This is why it is important, especially in cases where the circumstances do not appear clear-cut, to take advice from a professional accountant or tax advisor. If you think it isn’t worth the cost because your profits are modest, it is a good idea to put aside the taxes you would pay in the worst-case scenario so if you do get a bill from HMRC you will be able to pay it.

Is forex trading tax-free in the UK?

After researching this question in depth, we can conclude that if you are spread betting in the U.K. As an amateur trader, any profits you make from forex trading will not be subject to a tax demand from the HMRC.

Compared to the E.U. And the U.S.A., the UK’s tax laws for forex traders are seen as some of the friendliest in the world.

If you bear in mind that about 70% of all retail forex traders lose money, however, it is easy to understand why HMRC would not want these losses to be offset against income gained from other sources, which explains why they have not moved towards a completely law position.