However, they cannot base the total amount of the child support amount on your net worth, only on the amount you owe. Does Forex Have Trading Limits? Through this new program, traders are allowed to take an exchange-traded currency derivatives position with no underlying trade greater than $15 million per exchange for the dollar-rupee pair WebTraders will also be able to place a limit order, which is similar to a traditional stock trade, allowing them to limit the risks they are taking on a particular blogger.com Forex Trading WebA parent who earns 60% of his/her total income is considered to be an independent parent, and they will be responsible for 60% of her budget. Based on this basis, the child WebForex can be very rewarding if you properly invest into it. | 25 Articles. Joined: October 3, Forex Day Trading System - Increase Your Income Quickly Before Your Child Web9/2/ · Quoting Mr. Knowitall. Evidence of income from investments could be obtained through the discovery of the non-custodial parent's tax returns, or from the financial ... read more
Notice that I call these potential and not actual. A potential support turns into an actual support, when the price conforms to its level more than once. If we see the price dropping to a level and then going back up, we consider this area as an eventual point, where next time the market gets to that level, it might find opposition.
If we see the price bouncing again from this level, then we confirm the level as a support. Then we assume that the price is likely to bounce off this support again in case of another drop. The same applies for resistance levels. Not all support and resistance zones are created equal. We are only interested in trading valid supports and resistances as measured by their authenticity and potential. There are weak supports and reliable supports. There are weak resistances and reliable resistances.
As you probably guess, traders tend to stick with the more reliable levels, as they are more likely to point to a successful entry and exit point. The more reliable support and resistance levels are the ones, which are older and have generally been tested more times. The picture below compares two levels — a stronger resistance versus a weaker support:. The image shows the move of the price between Nov.
The purple line is a 7-times tested resistance of the price, while the yellow line is a 4-times tested support. The circles point the exact place where the levels were tested. Since the purple level is older and has been tested multiple times, it is the stronger level. The orange rectangle shows the area where the two levels are consolidating, and bouncing back and forth in an attempt to breakout of the range.
We can expect one of the two levels to be broken. Since the purple resistance is older and has sustained the price longer than the yellow support, I would prefer to take a market position in bearish direction, because I assume that the yellow support will bend under the pressure of the purple resistance.
Actually, this is exactly what happens in the end of the orange rectangle. The price gets through the yellow support, which from now on should be called resistance as prices fall below the prior support level.
As we have discussed, support and resistance levels are used to place entry and exit points on the chart. These are the essentials of any Forex trading strategy, which every trader should know how to use!
The reason for this is simple — no matter the strategy you use and the tools you apply, the price of every Forex pair constantly approaches different support and resistance lines, and so we must keep a watchful eye on price action surrounding these levels.
Imagine the price of a Forex pair approaches an established support zone. Since the support is old and many times tested, I assume that this support level is reliable. For this reason I could try to enter the market and set an entry point after the price touches this support level. The right way to do this is to wait for the price to interact with the level first. When this happens, I enter the market with a long position only if the price bounces in bullish direction from this level.
If you go long on your support level, the most logical place to put your stop loss would be below the support area. You place your stop right beneath your support. Doing so will limit your loss in case the bounce is a fake and the support gets broken in bearish direction after all.
Take a look at the example below:. The purple line is an old support level, which I consider reliable and good for setting entry points. The image stages four cases to enter the market on this support level. The blue arrows show the ascending move we get after the price interacts with the purple support. Notice case 3 where after a short increase, the price does a rapid drop and hits our stop loss order.
This is why it is paramount to always use a stop loss when trading. So, this support level gave us three good long positions and one bad, which equals to success rate. Note that setting entry points on resistance levels works the absolute same way as setting entry points on support levels, but in the opposite direction. In order to set an exit point on a support or resistance level, you should already be in the market with a position. For this reason, imagine you have bought a Forex pair and the price moves in bullish direction according to your view.
I should secure myself! The image below will make this clear for you. I am in a long position after the red bullish trend line. The thicker parts of the trend show where the price finds support. While I am in my long position, I see the price getting close to an old resistance, which has already been tested few times and has sustained the price of the Yen.
Therefore, it is a good approach to secure my position with an exit point below this resistance in order to avoid loss of already gained profit. Whenever the price touches the resistance, a stop loss could be placed below the candle, which has touched the level. On the image above this is the small orange line. If the price breaks the resistance in bullish direction, then I can reopen my position. But if the price does a rapid drop, I am protected with a stop loss order like in the example above.
The stop loss covered us for the rapid decrease, which even got the price out of the red bullish trend. But what if the price bounces from the resistance but then bounces up again from the red trend? In this case, if I see the price bouncing up, I go long and play again the resistance game with the stop loss. Note that in my example, the quick drop brought a bearish candle far below the trend, which infers the end of the bulls. Therefore, the exit point beneath the purple resistance saved me from an unwanted loss of profit.
This same scenario could be played with an exit point on a support level, but in the opposite direction. For some newer traders, trading support and resistance using an additional Forex tool on your chart for confirmation can sometimes prove helpful. The reason for this is that support and resistance trading can give us false signals from time to time. Re: Is Income from Stock Trading Counted for Child Support Not only that, people that day trade and who are successful at it, report the profits as short term capital gains.
It is not reported as income. If you understood how the market works you would understand how people get so rich and don't pay much in taxes or report much in the way of income. And it doesn't take significant money whatever that means. Ten thousand can easily generate dollars a day if you are successful at it. You just have to be willing to take the risk of being wrong on any given day. Knowitall View Profile View Forum Posts. Join Date Sep Location Behind a Desk Posts 98, Re: Is Income from Stock Trading Counted for Child Support Interest income, dividend income and trust income are several of the various forms of income that should be included in child support calculations.
See Tenn. Evidence of income from investments could be obtained through the discovery of the non-custodial parent's tax returns, or from the financial institution s through which the parent makes investments. Re: Is Income from Stock Trading Counted for Child Support But a day trader does not hold on to the equity long enough to receive interest or dividends.
The profit is solely based on capital gains or loss on the difference of the purchase price and the sell price and that is not considered as income for the purpose of taxes. I don't know how that comports with the regulation you cited. adjusterjack View Profile View Forum Posts Private Message.
Join Date Mar Posts 18, Quoting Mr. Re: Is Income from Stock Trading Counted for Child Support Good job Jack. Quoting budwad. Good job Jack. Re: Is Income from Stock Trading Counted for Child Support While I agree with the last few posts, I am going to repeat that even day trading is not going to result in a wealthy lifestyle unless someone both had a healthy chunk of money to invest to start with and that person takes their capital gains in cash rather than reinvesting them.
Someone can rack up some pretty serious capital gains with day trading but unless they cash out those gains they won't have them to live off of and if they do cash out those gains they won't amass a lot of wealth.
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The short and sweet answer to that question is yes! But it is a good thing that you checked because forex trading in the US is not like in Europe and other parts of the world. First off, the rules are quite different in the US and that has led many foreign brokers to simply not allow US traders who use them. While stocks trading tends to be more popular in the USA, did you know that forex trading is actually cheaper for traders?
Forex requires far less start-up cash to get going than stocks and you can be more a lot more specific on the amounts you want to trade. Plus, brokers often take larger fees for trading stocks than forex. Again, making forex a better option to start trading with. On top of that, the New York Stock Exchange is hugely important when it comes to trading forex.
Forex trading is regulated by the NFA National Futures Association and the CFTC Commodity Futures Trading Commission. All brokers in the US need to be part of the NFA and the CFTC is responsible for enforcing regulations.
Fines for brokers that break the rules can pretty hefty. But the NFA and CTFC have nothing to do with regulating the forex market. No financial regulator in the world does, the forex market completely unregulated and uncontrolled. The NFA and CTFC can only impact companies that have services related to forex trading, such as brokers.
US regulation on forex trading and other kinds of trading is highly motivated by the idea of preventing another financial crisis , like the one that took place in It aims to prevent forex traders and brokers from taking big risks. US traders should consider themselves lucky that there is strict regulation in place to incentivize brokers not to break the law.
If they do, they can face seriously hefty fines and get in a world of trouble. The first being regulation; it is notoriously difficult to get regulated in the US.
If a European broker gets licensed in Germany, for example, they can offer their services to people in all other EU countries - Ireland, France, Italy, Spain, etc.
Or that they might simply not be able to afford. Because of these two reasons, many brokers in Europe and other parts of the world do not accept US traders because. So, it is generally advised that US traders stick to brokers based in the US who are more equipped to deal with them. If you do come across a broker not based in the US, check their FAQs, or send them a message to see if they accept US traders.
Some of the best brokers from abroad take on US traders, but through different branches of their business , or set up a whole new company that mirrors theirs but complies with US laws and is based on US soil. Even if you move out of the US, you might still have problems with finding a broker who will accept you because you are an American citizen and you may even have to get residency in that country to start trading forex. US traders need to ideally look for CTFC and NFA regulators if they want to stay safe.
If you do use a broker that is not regulated in the USA by the NFA or CFTC, you might not be protected. For example, if a broker goes bankrupt or gets liquidated, they might be unable to protect or compensate you. And if that happens, you might lose everything you had deposited.
You can check the NFA website to see their members. From there, you can search them by firm name or NFA ID. If your chosen broker is there, it means they are regulated and can be trusted. Always check this when signing up to a broker. Getting caught not paying your taxes in the US will cause you a lot of unnecessary trouble that could end your forex trading career. US traders are not allowed to implement some forex trading strategies.
For example, hedging is not allowed. Hedging is where you open two positions in opposite directions as a back up if your trade fails. Forex traders often do this to reduce losses. When signing up to a US broker, make sure you check their policies and FAQs to see what they do or do not allow. Maximum leverage in the US is for major pairs and for all other currency pairs.
In the past, leverage in the EU used to be much higher, but today the EU is even stricter, down to for majors, and for all other pairs. Outside the US and Europe, some brokers allow traders to use leverage up to Many might say that this is far too much to handle. It can be risky for US traders to trade abroad because you will be less likely to know what to expect.
It is highly advised that you play by the rules if you want to succeed, otherwise you may go down in flames. Other US forex traders may wish to trade at a higher leverage than the US allows. If you enjoyed reading Forex Trading USA - Can I Trade Forex In The US , please give it a like and share it with anyone else you think it may be of interest too.
Yes, you can. Read on to find out about all the information you're going to need to get started. Get started now. By Trading Education Team. Last Updated July 23rd Can I Trade Forex In The US? Why you should consider a US broker While stocks trading tends to be more popular in the USA, did you know that forex trading is actually cheaper for traders?
There are two primary reasons for this. Trading with a US broker US traders need to ideally look for CTFC and NFA regulators if they want to stay safe. Some strategies are not allowed in the US US traders are not allowed to implement some forex trading strategies. Trading outside the US It can be risky for US traders to trade abroad because you will be less likely to know what to expect. Trading Forex in the USA - Key points US brokers are regulated by the NFA and CFTC. Brokers from Europe and elsewhere tend to not to accept US traders.
This because the regulations are tougher, and it requires a lot more capital to operate there. The rules for trading forex in the US are different than many other places around the world. Make sure you understand them before you get started. It makes more sense for US traders to stick with US brokers. This is because it is a lot easier and they will be more protected if anything goes wrong. Further Forex Related Reading Best Forex Broker In The US How Do I Start Trading Forex In The US?
Can You Become A Millionaire By Trading Forex? Online Trading. Forex trading. Forex USA. Forex Brokers USA.
WebWhen an asset drops to a level of support, sellers are unable to drive its price any lower. Buyers might feel that now is the right time to step in, which creates a reversal. Support blogger.com may, from time to time, offer payment processing services with respect to card deposits through StoneX Financial Ltd, Moor House First Floor, London Wall, London, EC2Y 5ET. GAIN Global Markets Inc. is part of the GAIN Capital Holdings, Inc. group of companies, which has its principal place of business at 30 Independence Blvd, Suite (3 rd floor), WebForex can be very rewarding if you properly invest into it. | 25 Articles. Joined: October 3, Forex Day Trading System - Increase Your Income Quickly Before Your Child Forex can be very rewarding if you properly invest into it. | 25 Articles. Joined: October 3, Forex Day Trading System - Increase Your Income Quickly Before Your Child Support is Past Due. By Miria F. | Submitted On October 09, So you Just by using a reliable Forex day trading system you can double blogger.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # ). Forex trading involves significant risk of loss and blogger.com may, from time to time, offer payment processing services with respect to card deposits through StoneX Financial Ltd, Moor House First Floor, London Wall, ... read more
Fines for brokers that break the rules can pretty hefty. The more reliable support and resistance levels are the ones, which are older and have generally been tested more times. The rules for trading forex in the US are different than many other places around the world. Accelerate Your Learning Curve with my Free Forex Training Program. Therefore, the exit point beneath the purple resistance saved me from an unwanted loss of profit. It makes more sense for US traders to stick with US brokers.Powered by vBulletin® Version 4. Join Date Mar Posts 18, The Momentum Indicator consists of a curved line, which bounces around a or a 0. As you probably guess, traders tend to stick with the more reliable levels, as they are more likely to point to a successful entry and exit point. And it doesn't take significant money whatever that means. But it is a good thing that you can forex trading count in child support because forex trading in the US is not like in Europe and other parts of the world.