Hope you are all well 
I want to open my other new account with FXDD.Blew my first account, which was a real begins a year ago, but have learned so much in the last year or so after much & demo trading has finally decided its time to take the next step and open another slightly larger account.
Now when I was 2 years new Forex picks up the world of tax a bit complicated for me. for those of you know, there have been around for years together, of course, trade a lot more about tax rules/consequences for forex traders. I still have not have been able to find a decent site that explains all these rules for forex traders in Australia.
I have a few questions concerning tax and wonder if someone could help them:
1) everything in which country in open my account, make the tax rules applicable to this country?
2) for the energy-saver mode if I open my account with FXDD, making the United States tax rules apply Also if I had to? open this account in US dollars or Aussie dollars, this will make any difference?
3) you pay tax for winning and losing trades? or is it only the gross profit, that this tax is calculated after?
4) Also tax is calculated only when the money will be drawn from the broker and credited to your bank account?, there is only what you declare at the end of the fiscal year?
IM sorry for the so many questions, this whole thing of tax is a new world for me.
Thanks for any help and advice?
Jake
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