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Where do most forex traders live?

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Where do most forex traders live?

Although the UK and US remain by far the largest centres of Forex trading activity1, our modern trader report found that a third of online traders are based in Asia and the Middle East, which is over a million more than can be found in Europe and Northern America.

Which country is best for Forex trading?

If popularity is any metric, you could argue that Thailand is at the top of the list. Not just for Forex traders, but many people who work online gravitate there. There is no capital gains tax, life is cheap, the people are very friendly, there’s good internet, and a lively ex-pat community to help you get settled.

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Can you really trade forex for a living?

Are you thinking about making money by trading forex? Or are you thinking that you can make money with Forex? Then my answer will be yes! Living forex traders give us all the opportunity of making money soon.

How much does a full time forex trader make?

Forex Trader Salary

Annual Salary Monthly Pay
Top Earners $125,000 $10,416
75th Percentile $100,000 $8,333
Average $81,910 $6,825
25th Percentile $32,500 $2,708

Which country has the best traders?

The Top Countries and Markets for Investors and Traders in 2020

  • Singapore. The small city-state of Singapore came out on top of CEO World’s ‘Best Places to Do Business or Invest’ rankings for 2020, after several years spent near the top of the league table.
  • United Kingdom.
  • Switzerland.
  • Indonesia.
  • The USA.

Is forex legal in Egypt?

Although forex trading is making waves for Egyptians seeking financial freedom, it is restricted by certain local laws and regulations. Some of the imposed restrictions may include a maximum trade amount and maximum balance in your trading account. The Financial Regulatory Authority (FRA) was established in 2009.

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Is forex trading tax free in Canada?

In Canada, traders pay the same rate as their income tax on 50\% of their total capital gains. However, this tax cut mostly applies to part-time traders. These full-time professional traders whose primary income comes from capital gains, have to pay the income tax rates for the entire annual earnings.

Who is the most successful forex trader in the world?

#1 – George Soros George Soros is the world’s best currency trader. Born in 1930, the Hungarian trader is known for his 1992 short trade on Great Britain Pound (GBP). He sold short $10 billion and netted more than a billion dollars.

How much do professional forex traders make?

When starting out on a Forex market, you need to find out how much do professional Forex traders make in the first place. Depending on how much they dedicate and considering that they do this as a full-time job, it’s likely for a professional’s average income to be around 10-20\% of what they have to trade with.

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How do I learn how to trade Forex?

Some professional traders offer websites or books highlighting their methods. They may also provide personal mentoring, which is the most direct approach to learning how to trade. It is also possible to learn a discretionary trading technique without any form of instruction.

Are forex traders employees or employees?

If you’re working for a company (such as a hedge fund or investment bank) as a day trader, hedge fund manager, or quant trader, you are an employee who is paid a base Forex trader salary, and often a commission based on performance. Some of the benefits of being a salaried trader include:

Is 5\% a good return on Forex trading?

It all depends on volume. The main fact is that Forex trading could be all three things: a hobby, a side income, and the main income. It’s all about the experience and the capital that people have. However, no matter how much a 5\% return is achievable, 1\% is much more realistic for the majority of traders.

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