Not sure that I want to learn a whole new asset class just because I can't wrap my head around something obvious...
Its not "a whole new asset class" trust me futures are easy to understand and you get good built in leverage. Study it for a few days you'll see it's a good tool to speculate on currency movements.
That may be true, but does it make sense for me to move on without learning what I'm missing right now? I don't think so... I do have friends who speculate on currency using futures. Totally valid approach, just not the one I'm taking at the moment.
The reason I'm not seeing this is because when exiting the short, I'm not converting the entire amount, just (for some stupid reason), the initial short amount. Need to tweak the algo. It's nothing special. Just my being a dumbass.
You should at least look into the tax implications of using futures rather than spot and see if that might be beneficial to you. I seem to recall there could be a difference.
Great point. In my home country of Kazakhstan, forex can be treated as capital gains if you elect it to be so under a business. Something like that. Very difficult to find accountants who know what they're doing here.
Bud it all just depends on the country that you are paying your taxes in - If you were to pay the taxes within the USA than they would appreciate receiving US dollars from yer - On the other hand if you were to pay your taxes within the UK than it will all boil down to sound reasoning that they would expect your payment to be made through the Uk Pound System - Is this what you are looking for - Plus you have no taxes to pay anyway simply because you do not make enough money at this time to be concerned with Taxes Bud. - Alright - Is that OK with yer.