More articles : » I borrowed to buy shares and have sold them last financial year but did not apply the proceeds to interest bearing debt. Is the interest I pay after I sold the shares deductible? I am not a share trader and reported a small capital gain on sale last yearYou would be able to claim a deduction for the interest expense in relation to money borrowed for the purchase of shares but only during the period/s in which it is expected that you will derive an income. Once the shares were sold, it is quite clear that your original loan to purchase the shares... » I am retired and I lost $10,000 in trading last year. Can I claim this as a tax deduction?Losses are sometimes unavoidable, particularly during volatile markets. Provided the non-commercial losses rules are satisfied, the Australian Taxation Office (ATO) allows traders to claim an immediate deduction for their trading losses and offset the losses against other taxable income, such as... » I am now retired and have started trading FX from my home. I also own a small parcel of blue-chip shares – would I be classified as a trader or as an investor?The distinction between traders and investors is significant for tax purposes, because they deal with gains and losses differently. In financial years when investments plummet, it is quite common for taxpayers to try to class themselves as traders. If an Australian Taxation Office (ATO) audit finds... » What is the relationship between the RBA official interest rate and the FX currency AUD/USD?This is a great question and once you master this relationship it can really enhance your trading. Interest rates are a key driver of a currency’s value. Let me explain. Say the economy is doing well. Growth is picking up, the labour market is tightening, and consumers’ are spending their... » How long can the euro remain resilient to the Eurozone’s sovereign debt crisis?There have been plenty of people who have called the euro’s demise during the sovereign debt crisis and so far they have all been disappointed. The euro has been surprisingly stable ever since the Greek debt crisis when ittoppled 10 per cent in a month.There are three main reasons for this in our... » How much do you recommend new forex traders to begin with and what size lots (eg standard, mini and or micro)?That is a great question since position size is one of the most important things that a new trader needs to get right in order to be successful. If a trade position is too large for your account balance then you can get wiped out in an instant especially if the market is moving quickly, which is... | LoginReadership SurveyTraders and investors, here's your chance to participate in the 2012 YTE Readership Survey. PollsYTE Twitter YTEmagazine: Peter Mathers from @Tradinglounge shares his #Elliott Wave analysis of $AUDUSD $$ http://t.co/xqsi1dRR YTEmagazine: Jay Ng from @AsiaPacFinance explores a #trading strategy designed to generate excess returns in #currency markets $$ http://t.co/Q3C8mMHS YTEmagazine: Ask our resident #Trading #Tax expert Adrian Raftery, aka @MisterTaxman, your tax questions $$ http://t.co/NNCD5cWE YTEmagazine: The more you can preserve your capital, the longer you can stay in the #trading game $$ http://t.co/j2EoBzBC YTEmagazine: How to preserve trading capital, plus using copper to trade the AUD http://t.co/T8nJaP55 Powered by Twitter Feed |
Join our community of traders
