Recent content by bankroll

Filling out the W-8BEN means the IRS will automatically send your info to HMRC similar to the EU savings directive? Can you choose to taxes be deducted automatically at source in the US instead? What US taxes are due on a trading account? Let's say I have a US address as well.

Their minimum to open an account is 10k. At least it was last time.

Is it OK if I open an account with Interactive Brokers with 10,000 then soon withdraw 9500 and start trading with just 500 as a beginner? I heard it is OK.

Yeah, online. 'Online' is a way to view a web page for example an online banking page but 'online' is not a banking method like bank wire (which is not free; I am looking for free ways), or perhaps withdrawing by other means which might be free. Could you elaborate on 'online' more? Would you...

No one need wants to regualrly cash out? The most important thing - psychologically!

Same question here. To add some details: I am looking to just to get my feet wet, as you might say, say a $100-$500 account, which is quite feasible for forex, E-mini, I don't know what is the minimum feasible about for individual US stocks? Not much turnaround, buy and hold. Thanks.

It is very important for me -psychologically- to be able to cash out easily and regularly from my brokerage account. And I read it somewhere and agree. Heck, we are operating a business ind it is supposed to be our salary, right? The only method I know of if you have a US broker and a US bank...

Haha!

But it's not just me: Money Saving Expert Forum It seems they ban all sane people and their dogs. So any better alternative for a basic personal fiance forum?

What's a prop shop?

For me obviously it's the best if you achieve the best reward:risk and win:loss ratios with the least amount of time spent in front of the charts. :P And also you need money management but that's another story. Do the above stats make sense to you? No matter what markets you trade and what...

But instead of having a win:loss : 2:1 reward:risk : 1:1 Isn't it better to have a win:loss : 1:1 reward:risk 2:1 ? Just asking.

Hey Woodman! How is the Emini Watch method working out for you?

I just found this old thread searching "Emini Watch." Cunparis, how is your trading going so far?

Long story short: US based futures brokers are better / cheaper than UK based ones?