Newbie Forex Trader

djcasino

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Hello, I'm new. How's everyone?

I'm new to this whole trading thing, and was interested in entering the forex market. I'm currently trying the practice account using the FOREXTrader platform. I think I've done quite well so far (got the practice 50k account to 75k so far). The problem is that I don't know where I stand as far as being taxed (by the IRS?) is concerned. I'm a Filipino citizen, currently residing in South Korea as a grad school student. I was planning to try starting one of FOREX.com's mini accounts (I assume they would be considered a US based broker?), but got lost in the tangling web of tax info. I would like to know if I have to pay profit tax to any of the three countries. Any help would be greatly appreciated! Thank you!


Darrell
 
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