We are returning from Houston in the US. My husband is contracted to NASA. And I actually miss the cold weather dreadfully. We are having trouble getting answers from our accountant about my tax that I will have to pay on my trading. Thats why I came here. I thought you would know what the tax rules were in the UK for a fulltime trader.
We've been doing great with Forex. Our mentality is the same for trading anything. Trade with rules a plan and discipline. You also need to have a plan of when the inevitable draw-down occurs.
this is awesome...just netted the largest pip trade of my life...exit my GBP/USD short @ 1.6415...got 50 pips...wow...I need to really 'do again and again' what I did right on this trade and reproduce 'over and over'... just as a side note...this also was my first ever 'non manual' forex trade...meaning I entered and set my exit and 'went on to do normal life' stuff...just checked my account and YES...50 pip profit...this is awesome...beginnning to realise...you 'aint gonna' make any real cash $$ trying to scalp forex...anyone else ever realise this?
As far as I know there aren't actually any rules specific to a full time trader, it's a business like any other business so either you're self-employed or you're an employee of the company you set up. There are probably other options as well, like I say what's best for you will depend on your own personal circumstances to some extent. If you're having difficulty getting reliable info then you could try this firm.