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By cryptomaga · Posted
Crypto volatility could either make or break you they say, I used to feel this is just a saying but recently I understood what it means. I spend time reading the chart but once I decide to enter the market then red but if I decide to delay entry then I regret it. That eagerness to make your first positive trade won't give me a chance to fully practice what I studied so I deviated from futures trading to staking on some platforms to earn APR or LST. BGBSol, BNSol to name a few but I mostly prefer BGBsol due to the high Apr but that didn't quench my hunger to make that first green trade. I am always told to have a strategy that works for me and a good risk management plan so I decided once my trade is in either +/- 10% then I am good but I am mostly hitting SL which is making my bad trade to outweigh my good trades. This is discouraging but I don't expect to get it easy for now as I am still trying to understand the market and how will I learn trading when I don't practice. I always believe in no pain no gain but I need to start seeing my efforts or I am doing something wrong? How do you start you journey in this industry? -
Hi, Can someone explain to me how "Withholding Tax" on US-Shares and derivatives on US-Shares is calculated? I am living in a EU-country and have always lived here. On Friday I wanted to make a test trade - where I shorted 1 x NVIDIA share via CFD. I merely wanted to check the "functionality" of the trading platform. I closed the trade with a small profit (less than 1 €) However I was charged with €28,50 in "Withholding Tax" on a position that had a market value of approximately €135,- How can the tax be so high if it is on the dividend? I´ve not been able to get an acceptable answer from IGM-support - all they can tell me is that the "Withholding tax" is not calculated on trading size or transaction volume and that it is the dividend amount declared by the company. But if the tax is 30% and the amount is calculated on the basis of 100% - then €28,50 equals a declared dividend of around €95 - which seems very high in my opinion. So can anyone please enlighten me? Am I being taxed with 100% of the dividend - since the booked amount is so high - compared to the value of 1 share that I shorted? -
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Guest Spiderfly
Anyone else have a spread discrepancy on Cisco showing massive drop in price
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