I often read statements about the major pairs in the forex market. What pairs are considered the major pairs?

Hi there,

Most of the experts suggest all to trade on popular currency pairs and avoid thin market. This is because of the lack of public participation will cause difficulties in liquidate your positions. It is especially when you are beginners, i would suggest the big five: USD/EUR, USD/JPY, USD/GBD, USD/CHF, and EUR/JPY.

One of the blog you gives all major pair analysis are:

http://forextradingguru.blogspot.com/

http://forexmoneymaker.blog.com/

http://www.finexo.com/marketReview

I often read statements about the major pairs in the forex market. What pairs are considered the major pairs?

Hi there,

Most of the experts suggest all to trade on popular currency pairs and avoid thin market. This is because of the lack of public participation will cause difficulties in liquidate your positions. It is especially when you are beginners, i would suggest the big five: USD/EUR, USD/JPY, USD/GBD, USD/CHF, and EUR/JPY.

One of the blog you gives all major pair analysis are:

http://forextradingguru.blogspot.com/

http://forexmoneymaker.blog.com/

http://www.finexo.com/marketReview

I have a forex account but the brokerage is in another country. Do I pay taxes or what? And if I do how do I go about doing that?

US citizens and resident aliens pay tax on worldwide icnome, so of course you do.

Unless this is classified as a 1256 contract, you report it on line 21, other income. 1256 goes to form 6781.

And, if the account had more than $10,000 in it at *any* time during 2009, don’t forget to file form TDF 90-22.1

I have a forex account but the brokerage is in another country. Do I pay taxes or what? And if I do how do I go about doing that?

US citizens and resident aliens pay tax on worldwide icnome, so of course you do.

Unless this is classified as a 1256 contract, you report it on line 21, other income. 1256 goes to form 6781.

And, if the account had more than $10,000 in it at *any* time during 2009, don’t forget to file form TDF 90-22.1