Recent content by chris1976

great thanks joe,for clearing that up for me,makes sense

hi joe sorry just noticed your post,didnt realise there was an offsetting allowance. dont know what all this means,but basically im not really bothered about offsetting my losses against my regular income i was just panicing in case i needed to work out all my trades to give to give to the...

exactly so im guessing i dont need to declare or even mention anything on my return. im not bothered about declaring a loss as its up and down and to me i would have thought it only relevent to declare any withdrawal from the account as income

well,i ve been to see her today,i told her about my options account and tried to explain to her how they work. she showed me my tax return which she fills out online and after the part which is normally filled in relating to my self employed section there is a section which asks you if you have...

to me its a pretty simple question. theres god knows how many uk traders on here and basically im asking what others do at the end of the year. if trader x has a 10k account at the start of the year and a 5k account on tax day assuming no withdrawals can it be put down as a 5k loss for the...

id doubt shed know mate shes local and just deals with people in the construction industry i doubt shes heard of an options trade sorry for assuming a collective group of traders filling tax returns each year might have an idea :rolleyes: no need to shout either

yeah but is that based on the actual closed trades because i had a lot of options still open which were near enough worthless. so in other words my account was a lot less than i started with as at 4th april however the closed trades were winners,if that makes sense? also would it come under...

Hi,i know everyones situation is different but im just after a bit of general advice up untill now i have spreadbetted alongside my self employed day job so no need to tell my accountant. In november i opened a usd account to trade options with options express,and am subscibed to ITMS options...

yeah,sorry my bad,its actually options house,lol

cheers for taking the time out to reply mike,just realised its actually options house iv opened the account with and unfortunately it seems they dont have a uk based bank to simplify the process like you have. its taken 3 weeks to open the blooming account so gonna give them a go as i like the...

hi george iv spoken with them today and it seems the first link will work although the currency account is new and i wont be able to open one till the 30th nov,takes around 5 days to open,after which it will be £5/month,so im happy with that :)

ah cheers george that sounds like a plan,so im banking with hsbc does this sound like what im looking for? http://www.hsbc.co.uk/1/2/current-accounts/international-bank-account/details#?HBEU_dyn_lnk=CurrentAccount_InternationalPersonalAccount_HowToApply_Btn

hi ,can i ask are you still trading with options express and how are you getting on with them? how did you wire your funds? iv just gone to wire my account for the first time but dont want to use my bank for the crap exchange rate theyre offering me

Hi just wondering what others do to fund a newly opened us account for the first time? hsbc is offering me 1.47 odd to the pound while money transfer companys are offering around 1.52. however options house state the wire has to be from an account in my name and not a 3rd party account,iv...

yep i know your right,its just bloody annoying when theres no way the market went there! so whos best for scalping? can't seem to get the hang of pro spreads platform