Get forex capital

Customer applies online trading account opening we fully disclose our dealing practices and never trade against you in the market.

Free forex bonuses

1 Value Forex Broker, get forex capital.

Our commitment to transparency shows that our interests are aligned with yours.

Easy way to deposits & withdrawals

Get upto 40% deposit bonus

Trading currencies,
commodities (gold, silver) & crude oil

Partner with getzcapital

Trade forex anywhere and
anytime using our
getzcapital mobile platform -->

Getzcapital

As the world’s most-traded financial market, foreign exchange presents a wealth of opportunities for those who can harness its inherent volatility. Open a forex trading account with the no.1 retail provider and use our range of powerful platforms to take advantage of movements in currency prices.

Execution transparency

It is our mission to provide you with the best trading experience. Explore our quality pricing, transparency and execution services.

Trading station

Our proprietary trading platform provides powerful analytics tools for chart traders and straightforward capabilities for new traders.

Why us

Accessible
easy-to-use platform

Open an account
quickly and easily

Best -in- class

Tier 1 liquidity

To provide you with the best price possible, we derive our prices from a broad range of tier 1 institutions. These include banks, ecns and market-making firms with unique liquidity.

Significant price improvements

Our fully customised orders offer you greater control over your trading. With no asymmetric slippage, you could benefit from significant price improvements on every trade.

Full transparency of execution statistics

We fully disclose our dealing practices and never trade against you in the market. Our commitment to transparency shows that our interests are aligned with yours.

Start trading

Open a live trading account

Choose between MT5 on either our micro, standard account or premium account and get the most out of your trading.

Fund your new account

Get your account started with minimum deposits from as little as $100. Funding is easy and can be done through the client portal.

Start trading

Place your first trades on the markets! Remember, if you’re a first-time trader, we also offer plenty of free educational services to help you.

Start your trading plan here

Account types

MICRO

STANDARD

PREMIUM/ECN

Additional features

add ons
basic changes plan 12 month term
classic changes plan 12 month term (- set changes type (consider per change type, or per hour)
advanced changes plan
hosting package – domain registration, server configuration, transfer
E-commerce – store, shopping cart, checkout
SEO optimization
EMAIL marketing
social media marketing
FB/google marketing – adwords, fb blast, give pricing

price
$20/2 hours per month – time bucket
$50/5 hours per month
$100/10 per month
$50 per month
$300
$100
$100 per month x 5 emails
$50 per account per month, choose accounts
analytics $20 / month

Trading platform

Powerful trading features

From a trade ticket engineered for speed and efficiency to automated trade signals from autochartist - we offer an extensive list of advanced features.

Wide product range

We provide all major forex and cfds pairs with tight spread and with best in class order execution speed

Advanced trading features

Algorithmic orders, one-click trading, options chains and charting packages are just some of the features on our most advanced platform.

Here you can download the metatrader5 trading platform for any OS

Introducing broker

Our introducing broker program rewards individuals and businesses who refer new customers to our getzcapital. Simply introduce customers to us using your own contacts or marketing efforts and we'll do the rest. Our introducing broker program is our most straightforward type of partnership. Joining is quick and easy, requires no upfront investment or complex integration. Hundreds of partners are already introducing in this way, simply contact us to get started.

PROMOTE

Promote FX and cfds to your customer

INTRODUCE

Customer applies online trading account opening

EARN

Earn as your customers trade

TRACK

See your revenue grow using our partner portal

Contact us

First floor, first st vincent bank LLC building, james street,
kingstown, st. Vincent & the grenadines

Getzcapital (getzcapital LLC) incorporated under registered number 5502016 by the registrar of international business companies, regulated by the financial services authority of saint vincent and the grenadines.

Risk disclosure: trading contracts for difference on margin carries a high level of risk, and may not be suitable for all investors. By trading contracts for difference, you could sustain a loss in excess of your deposited funds. GETZCAPITAL makes no recommendations as to the merits of any financial product referred to on our website, emails, or related material(s). The information contained on our website, emails, or related material(s) does not take into consideration prospective clients' trading objectives, financial situations, or investment needs. Before deciding to trade the contracts for difference offered by GETZCAPITAL, please ensure that you have read our legal documentation, and have sought independent professional financial advice to ensure you fully understand the risk involved before trading.

Stop trading small accounts

The world’s best subscriptions based FX trading solution. Fundisus provides all participants with funded accounts to access the spot market.

Who are we?

Fundisus is a revolutionary proprietary trading solution. Fundisus has years of industry knowledge and makes use of cutting-edge proprietary trading techology; thus, we are on active trading firm which understands the needs of traders in the market.

We offer $50,000 to start trading forex market with

Traders are compensated on a profit split basis only.

Our funded accounts are EA compatible

Fundisus

Let us tell you more

Your personal liability is limited to your subscription payment.

As all funding is provided by the firm, traders do not risk any of their own trading capital. Even if losses are incurred, the firm will still bear the costs. There are no other trading accounts available that offer this trading opportunity. Use a real account instead of a practice trading account. Preserve your own capital when speculating in FX trading.

Why choose fundisus?

Anyone can trade forex with a capital now.

4 easy steps

Data collection

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Guaranteed ROI

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Always online

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All professional traders start with a $50K trading book, regardless of their background, experience or track record. We give all our traders an equal opportunity to prove themselves as a profitable trader, or have artificial intelligence trading software manage their account hands-free. Profit withdrawals of 5% blocks are independent from the growth targets of 10%.

If you can make a 10% return on your $50K trading book – growing your account to $55k – we will double your initial funding to $100k, or $105k net. The 10% amount of $5k must be maintained in the account and may not be withdrawn. This is independent of any 5% profit withdrawals. Traders have to separately maintain the 10% for the growth target.

If you can make another 10% return on your $100K trading book – growing your account to $115k net – then we will double your account value once again, up to $200k, or $215k net. Again, the $15k amount must be kept in the account.

For the final stage, you must make 10% once again on your $200K trading book, giving you a net of $235k. If you can succeed here we will allocate $1million to you and you will have the opportunity to interview for a fund manager position.

Forex blog

This page stores all of our free forex trading articles that you can filter through using the menu below. Enjoy. Don’t forget to share on social media or write to us if you want to learn more about a subject. Chose a topic below to find posts relevant to what you want to read about today.

Candlestick patterns

Forex broker reviews

Forex trader

Forex trading

Forex trading books

Swing trading

Technical analysis

Technical indicators

Trading strategies

Tradingview review

FOREX TRADING FOR BEGINNERS: THE ULTIMATE GUIDE [2020]

Forex trader salary: what’s the average?

Volatility trading: what is it and how to trade it.

Buy stop vs buy limit: what’s the difference?

Best trading computers: buyers guide 2020

ALPHAEX CAPITAL
71-75 shelton street,
covent garden,
london,
england,
WC2H 9JQ

RISK DISCLOSURE

Trading forex on margin carries a high level of risk and may not be suitable for all investors. You may lose all your capital. Losses can exceed deposits.

Past performance is not indicative of future results. The performance quoted maybe before charges which will have the effect of reducing illustrated performance.

Please ensure that you fully understand the risks involved. Click here to read the full risk warning.

All website content is published for educational informational purposes only.

ADVERTISING DISCLOSURE
in accordance with FTC guidelines, alphaexcapital.Com has financial relationships with some of the products and services mentioned on this website, and alphaexcapital.Com may be compensated if consumers choose to click these links in our content and ultimately sign up for them. Your support will be greatly appreciated.

Cookie policy

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. You can learn more about how we use this data by click cookie settings and control what cookies are placed. You can delete and opt-out of the cookies at anytime.

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance

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These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

How to get funded as a forex trader?

Individual forex fund managers (traders) can find investors in direct contact, using the broker’s PAMM or MAM accounts, or they can apply to the forex remote trading program. Fundraising is very slow for individual traders, and starting capital is usually less than $100K.

Get funded in direct contact
if you have at least a 3-year trading portfolio and trading results, you can contact the prop company or sometimes the institutional company and ask for funds. Many prop companies have pages where they invite new traders to join them as remote traders.
You can find these companies using a google search engine or “remote traders” job opportunities on job-seeking portals.

Get funded using the PAMM and MAM accounts.
As an individual trader, you can deposit your own money and trade a live trading account. The PAMM or percentage allocation management module is a trading platform that administrates a simultaneously unlimited quantity of managed accounts where investors and traders use the same broker.

Other people can invest money in your portfolio, and you will keep 30% of the profit. The best thing is that when you manage a huge portfolio, your profits are much, much bigger. For example, some brokers like my broker have more than a million clients. Hotforex PAMM account offers a lot of potential clients. So the broker is doing money collecting, payments, managing platform, set rules, etc. – and traders only need to trade. This can be an excellent opportunity.

There is a criticism of this approach because of the low-profit percentage for traders. Prop companies can offer 50% to 80% profit to the trader instead of 30%-35% the PAMM system can offer.

Get funds from forex remote trading program.

The principle is simple. Trader deposits $500 or $1000 or any other capital and gets 20 times more money to manage. If the portfolio goes down 5% or more, the initial stake contract will stop, and the fund manager and prop company will split profit and cancel cooperation.

Some companies offer special trading funding programs where traders will pay for training or the competition’s first round. Traders need to invest only the first time, and after that, the prop company risks their own money.

The5%ers or maverick trading or T3 trading are examples of this.

Their funded program offers a total of several types of entry-level accounts. The profit share is set at 50%, and the growth target is set at 10%. The company claims traders will not risk capital when entering the forex market.

In the beginning, traders trade with 10, K capital or 50K, and then after each couple of months, traders will double capital if trading profit is reached to 10%-15%.

Traders need to understand that prop companies have risk when they invest in some individual trader account. So splitting the risk is the best option.

Using your own capital, you can “buy the seat” in some prop trading firm.

Forex t4tcapital trading programme how it works

$25,000 – $50,000 – $100,000

Single signup fee – no subscription!
Unlimited time to reach profit target!

TRADE FOREX, EQUITY INDICES, GOLD & OIL

How it works

Find out how our t4tcapital trading programme can work for you.

Trading rules

The key to success is understanding the rules of engagement.

All your questions answered. Use the webchat at the bottom for support.

Reset account

In the dreaded draw down or breached a limit – you can reset here.

Forex t4tcapital™ trading programme

Anyone can get funded!

GET FUNDED
HOW IT WORKS

Our forex t4tcapital™ trading programme has been created for everyone, whether you are new to trading or a veteran trader that wants to trade the foreign exchange market without risking their own capital. If you have never traded forex before we highly recommend taking our diploma in professional forex trading, our foundation online forex trading courses or one of our in-person fast track forex workshops, where you will get a USD$100,000 practical assessment included and an easy guide to passing the practical assessment. If you are a seasoned forex trader then you simply select the account size you wish to trade and get started straight away.

PROVE YOU CAN TRADE

Prove you can trade by reaching our profit targets without breaking our rules of engagement.
It’s that simple!

TRADE OUR ACCOUNTS

Once you have passed the practical assessment you will then be allocated one of our accounts to trade and start making up to 80% of your profits.

PROVE YOU CAN TRADE

Account selection and pricing for the assessment stage

Select a suitable evaluation account. This account will be a demo account trading with virtual money. Choose wisely as this account will be the same account you are funded with if you successfully pass the assessment. To pass the assessment you simply need to comply with the ‘rules of engagement’ and reach the specified profit target for the account size chosen. There is no time limit.

No monthly subscription – no time limit to achieve the profit target – no complicated rules

Select your practical assessment:

$100,000 account parameters

starting balance:	$100,000
profit target:	$10,000
weekly loss limit:	$2,000
maximum loss limit:	$4,000

ONE PAYMENT – NO MONTHLY SUBSCRIPTION

USD$350

UNLIMITED TIME TO ACHIEVE YOUR PROFIT TARGET

$50,000 account parameters

ONE PAYMENT

USD$250

$25,000 account parameters

ONE PAYMENT

USD$199

Understand the basic rules

Drawdown limits

Weekly loss limit

At the commencement of your practical assessment, the weekly loss limit is set at:

$500 for the $25,000 account

$1,000 for the $50,000 account

$2,000 for the $100,000 account

The purpose of the weekly loss limit is to protect last week’s profits. The weekly loss limit remains static from the monday open until the friday close of trading. At the end of each trading week, the weekly loss limit is re-calculated on the account balance at 5 pm new york on friday. On the monday open, the weekly loss limit is reset according to your new balance. The weekly loss limit stays in play throughout the lifecycle of the trading account.

If you hit or exceed the weekly loss limit, with either realized or unrealized P/L at any time during the trading week, (monday to friday) your account will be disabled. Any open trades may not be auto-liquidated; however, you will become ineligible for funding. To continue with the opportunity for funding, your practical assessment account requires a reset.

The weekly loss limit stays in play throughout the lifecycle of the trading account.

Maximum loss limit

T the commencement of your practical assessment, the trailing maximum loss limit is set at:

$1,000 for the $25,000 account

$2,000 for the $50,000 account

$4,000 for the $100,000 account

The purpose of the trailing maximum loss limit is to protect your overall profits. The trailing maximum loss limit (as the name implies) trails your highest account balance throughout the practical assessment. If you add profits, the maximum loss limit also moves higher. If you have lost money, the trailing maximum loss limit remains the same as the previous day.

If you hit or exceed the trailing maximum loss limit at any time, with realized or unrealized losses, your account will be disabled. Any open trades may not be auto-liquidated; however, your account will become ineligible for a funding. To continue with the opportunity for funding, your practical assessment account requires a reset.

Trading rules

Maximum aggregate trade size

The maximum ‘aggregate’ trade size is the aggregate of all open positions and all pending orders.

Note: the maximum trade size depends on what account you selected (see table above). You can trade the maximum trade size from the outset.

If you want to leave pending orders and you already have open positions, then you must ensure that the sum of all open positions plus potential pending orders does not breach the maximum position size.

Example: $100K account has maximum trade size of 10.0 lots

If a trader has 5.0 lots in open positions and has 7.0 lots of pending orders this is a breach of the maximum trade size rules because the aggregate of all open and pending orders is 12.0 lots.

A stop-loss order must be attached to every open position or pending order

Every time you open a position or place a pending order in the market it must have a valid stop loss attached to it!

Why pending orders? Because the entry order could be triggered and with no stop loss attached that could result in the entire account being lost.

Your stop-loss orders cannot exceed your available limits

Your stop loss order, if triggered, must keep your account balance above your current available drawdown limits, whether that be the weekly loss limit or the trailing maximum loss limit. This is known as a ‘valid stop loss’ order.

If your stop loss orders on your open positions or pending orders are ‘not valid’ then your account is automatically in breach of the rules.

For example: if you only have $1,000 available on your maximum drawdown limit then opening a position with a stop loss that would generate a $5,000 loss if hit, is not acceptable. It is ‘invalid’ and would be an immediate breach of the rules even if the open position is in profit!

If you have multiple positions, the cumulative sum of all stop-loss orders must not exceed your current available drawdown limits.

If you do not have a valid stop loss order attached to your open positions your practical assessment will be suspended immediately regardless if your position is in profit or loss and you will need to be reset to be eligible for funding.

If you breach this rule with a live t4tcapital account, your account will be closed immediately, and your outstanding profits will be split according to the profit share.

Example of a valid stop loss order:

Let’s say you have a $2,000 drawdown limit available.

You open a 10 lot position on EURUSD with a 20 point stop loss. If the stop loss is hit the account will lose $2,000.

That’s right on the drawdown limit. That is OK.

Example of an invalid stop loss order with one position:

Let’s say you have a $2,000 drawdown limit available.

You open a 10 lot position on EURUSD with a 25 point stop loss. If the stop loss is hit the account will lose $2,500.

That’s $500 more than the drawdown limit. This is a breach!

Example of an invalid stop loss order with multiple position:

Let’s say you have a $2,000 drawdown limit available.

You have 4 open positions of 2.5 lots on EURUSD with a 30 point stop loss on each. Each stop-loss equates to a $750 loss if it is triggered.

If all stop-loss orders are hit the account will lose $3,000. (4 x $750 = $3,000)

That’s $1,000 more than the drawdown limit. This is a breach!

As soon as our team identifies you have overexposed the account your practical assessment will be suspended immediately.

All open positions must be closed & any pending orders cancelled before 7 pm GMT friday

You are not permitted to hold positions over the weekend. All positions need to be closed out no later than friday 7.00pm GMT/UTC.

If you have an open position over the weekend you will require a reset to continue to be eligible for funding.

You are permitted to trade at all other times except if T4T management halts all trading due to ‘unforeseen highly volatility international events’. In this case, T4T management will notify you directly about the trading halt.

If you breach any rules or drawdown limits you need to pay a reset fee to continue trading

If you breach any rules or drawdown limits, you’ll need to reset your trading account to continue to be eligible for funding. The reset costs $199 and your account will be reset to its starting balance regardless of your account balance at the time of the breach.

We expect our traders to be honest. Once a trader hits a profit target our team will be reviewing all trading activity prior to funding the accounts.

If we find backdated rule breaches your account will be ineligible for funding. So, it makes sense if you breach any rules, notify our team straight away and reset your practical assessment. It will save a lot of heartache by having you make the profit targets only to be informed that your practical assessment account needs to be reset.

Trading capital

Get funded trading stocks, futures and forex.

Get the right amount of trading capital to earn profits in day trading.

Each and every trader in your trading office can trade with:

For NYSE (AMEX), NASDAQ, toronto stock exchange, chicago stock exchange, bovespa, and all the other american markets.

$50K for NYSE (AMEX), NASDAQ,toronto stock exchange, chicago stock exchange, bovespa and all other US markets.

$400K for the forex market.

And that's just the beginning. With better performance, each trader can easily get higher trading capital.

We give generous trading capital, please ask us for updated figures. Buying power limit increases can be requested as a trader's performance improves.

Note: these figures can change. Contact us today for updated figures.

How much capital should I budget to run an effective and efficient trading office?

If you provide me with your capital to trade, how will you trust me if you don’t know me or if I don’t have any experience?

What kind of buying power can a trader receive to start?

Live trading with DTTW™ on youtube

DTTW ™ is proud to be the lead sponsor of tradertv.LIVE ™ , the fastest-growing day trading channel on youtube. With over 150k subscribers in less than a year, tradertv.LIVE ™ features a daily live trading broadcast, professional education and an active community.

Training for new managers

Trading floor development

Market wisdom on youtube

Accepted payment methods:

Your ability to open a DTTW trading office or join one of our trading offices is subject to the laws and regulations in force in your jurisdiction. Due to current legal and regulatory requirements, united states citizens or residents are kindly asked to leave this website.

Forex blog

Candlestick patterns

Forex broker reviews

Forex trader

Forex trading

Forex trading books

Swing trading

Technical analysis

Technical indicators

Trading strategies

Tradingview review

FOREX TRADING FOR BEGINNERS: THE ULTIMATE GUIDE [2020]

Forex trader salary: what’s the average?

Volatility trading: what is it and how to trade it.

Buy stop vs buy limit: what’s the difference?

Best trading computers: buyers guide 2020

ALPHAEX CAPITAL
71-75 shelton street,
covent garden,
london,
england,
WC2H 9JQ

RISK DISCLOSURE

Trading forex on margin carries a high level of risk and may not be suitable for all investors. You may lose all your capital. Losses can exceed deposits.

Past performance is not indicative of future results. The performance quoted maybe before charges which will have the effect of reducing illustrated performance.

Please ensure that you fully understand the risks involved. Click here to read the full risk warning.

All website content is published for educational informational purposes only.

Cookie policy

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

How forex trades are taxed

Find out the basics before you make your first foreign exchange trade

For traders in foreign exchange, or forex, markets, the primary goal is simply to make successful trades and see the forex account grow. In a market where profits and losses can be realized in the blink of an eye, many just want to make money in the short-term without really thinking about the longer-term ramifications. Nevertheless, it usually makes some sense to consider the tax implications of buying and selling forex before making that first trade.

Forex options and futures traders

For tax purposes, forex options and futures contracts are considered IRC section 1256 contracts, which are subject to a 60/40 tax consideration. In other words, 60% of gains or losses are counted as long-term capital gains or losses, and the remaining 40% is counted as short term.

Key takeaways

Aspiring forex traders might want to consider tax implications before getting started.

Forex futures and options are 1256 contracts and taxed using the 60/40 rule, with 60% of gains or losses treated as long-term capital gains and 40% as short-term.

Spot forex traders are considered "988 traders" and can deduct all of their losses for the year.

Currency traders in the spot forex market can choose to be taxed under the same tax rules as regular commodities 1256 contracts or under the special rules of IRC section 988 for currencies.

A 60/40 tax treatment is often favorable for individuals in high income tax brackets. For example, the proceeds of stocks sold within one year of their purchase are considered short-term capital gains and are always taxed at the same rate as the investor's ordinary income, which can be as much as 37%. When trading futures or options, investors are effectively taxed at the maximum long-term capital gains rate, or 20% (on 60% of the gains or losses) and the maximum short-term capital gains rate of 37% (on the other 40%).

For over-the-counter (OTC) investors

Most spot traders are taxed according to IRC section 988 contracts, which are for foreign exchange transactions settled within two days, making them open to treatment as ordinary losses and gains. If you trade spot forex, you will likely be grouped in this category as a "988 trader." if you experience net losses through your year-end trading, being categorized as a "988 trader" is a substantial benefit. As in the 1,256 contract category, you can count all of your losses as "ordinary losses," not just the first $3,000.

Which contract to choose

Now comes the tricky part: deciding how to file taxes for your situation. While options or futures and OTC are grouped separately, the investor can choose to trade as either 1256 or 988. Individuals must decide which to use by the first day of the calendar year.

IRC 988 contracts are simpler than IRC 1256 contracts. The tax rate remains constant for both gains and losses, which is better when the trader is reporting losses. Notably, 1256 contracts, while more complex, offer 12% more savings for a trader with net gains.

Most accounting firms use 988 contracts for spot traders and 1256 contracts for futures traders. That's why it's important to talk with your accountant before investing. Once you begin trading, you cannot switch from one to the other.

The rules outlined here apply to U.S. Traders with accounts at U.S. Brokerage firms.

Most traders naturally anticipate net gains, and often elect out of 988 status and into 1256 status. To opt out of a 988 status, you need to make an internal note in your books as well as file the change with your accountant. Complications can intensify if you trade stocks as well as currencies because equity transactions are taxed differently, making it more difficult to select 988 or 1256 contracts.

Keeping track

You can rely on your brokerage statements, but a more accurate and tax-friendly way of keeping track of profit and loss is through your performance record.

This is an IRS-approved formula for record-keeping:

Subtract your beginning assets from your end assets (net)

Subtract cash deposits (to your accounts) and add withdrawals (from your accounts)

Subtract income from interest and add interest paid

Add in other trading expenses

The performance record formula will give you a more accurate depiction of your profit/loss ratio and will make year-end filing easier for you and your accountant.

Things to remember

When it comes to forex taxation, there are a few things to keep in mind:

Mind the deadline: in most cases, you are required to select a type of tax situation by jan. 1. If you are a new trader, you can make this decision any time before your first trade.

Keep good records: it will save you time when tax season approaches. That will give you more time to trade and less time to prepare your taxes.

Pay what you owe: some traders try to beat the system and don't pay taxes on their forex trades. Since over-the-counter trading is not registered with the commodities futures trading commission (CFTC), some think they can get away with it. You should know that the IRS will catch up eventually, and the tax avoidance fees will be greater than any taxes you owed.

The bottom line

Whether you are planning on making forex a career path or are simply interested in dabbling in it, taking the time to file correctly can save you hundreds if not thousands in taxes. It's a part of the process that's well worth the time.

Can you really become a millionaire from forex trading?

There are some questions that are frequently asked by novice traders:

Among all the frequent questions, there is one question which is asked by some novice traders more often:

Can I become a millionaire through forex trading?

I have two clear answers for this question and I explain about each of them in details:

Yes, you can.

No, you cannot.

Making lots of money through forex trading is completely dependent on some special conditions.

When someone has the proper conditions, he can make millions through forex trading.

When he doesn’t have the proper conditions, he will do nothing but wasting of time and money.

What are those conditions?

You can increase your wealth and become richer through forex trading and become a millionaire or even a billionaire.

However, if you are among those who want to turn a $500 or even a $5000 account into millions, then I have to tell you that you have to be patient enough.

I am not saying that it is impossible to make millions with forex.

Anything is possible in this world.

However, you have to be patient, because it can’t be done overnight, or even in one year.

You will be faced with some challenges that finding a good broker that doesn’t cheat you is the biggest one.

Many forex brokers (market maker brokers) don’t let you grow your account consistently, because in most cases, your profit is their loss.

Forex is not a get-rich-quick scheme

It is not too easy to make a living through currency trading. Someone has to teach you the right techniques, otherwise you can’t get anywhere on your own.

It is the same with the stock trading and all other kinds of tradings and investments.

To make money consistently through forex trading and maybe to become a millionaire finally, you have to pass some important stages.

There are so many jobs that you can follow and become a millionaire.

It is not the job that has to make you a millionaire.

It is “you” who has to follow the job properly to become a millionaire.

For example, there are so many millionaire real estate agents and brokers in big cities like new york.

However, there are a lot more agents who cannot even cover their monthly expenses in the same cities.

All agents are in the same areas, have access to the same markets and customers, ruled under the same jurisdictions, use the same advertising media and… .

But, how can some of them become millionaires, and most of the others fail to have even one sale per month?

Whatever the reason is, it has nothing to do with the real estate business itself, because it is the same for all the agents and brokers.

The reason is in the agents and brokers behavior, life and work style.

Behavior, life and work style

Forex trading is like that too.

It possible to become a millionaire through forex trading, as it is possible to become a millionaire through stock trading, programming, marketing, importing and exporting, constructing, and…

The more important question is “how?”

There are two things that you have to do to become a millionaire forex trader:

2. You have to develop the trading discipline in yourself.

You can’t become rich through forex trading, without having these two at the same time.

It is not even possible to make a living without having the discipline, whether you master the trading techniques or not.

I’ve never seen even one single retail forex trader who has become able to become rich or millionaire without following the proper techniques and having the discipline it takes.

Even I’ve never seen a forex trader who has been able to make a living like this.

There is no consistently profitable and professional currency trader who doesn’t trades forex with the proper technical analysis methods.

When you have a big capital, you can trade currencies through a bank account, instead of retail brokers. But most people still have to be patient to reach this level.

And, as bank accounts are not leveraged, you will trade with more peace of mind. But you should start small at the beginning.

Those who don’t believe in what I explained above can spend some time and money on forex trading at least through having small live accounts with retail forex brokers.

I am 100% sure that they will remember what I’ve explained above, and will be back to this site after wasting lots of time and money. The reason is that most novice traders start trading with real money before they do the above two things: (1) developing proper techniques and (2) discipline.

How can you become a consistently profitable forex trader?

Unlike what most people think, it is not possible to start making money right after learning the forex trading basics and a trading strategy.

There is something very important that most people don’t consider:

To learn how to trade forex, become a consistently profitable trader and hopefully a millionaire, first you have to find a mentor who teaches you the currency trading techniques and help you to develop the discipline in yourself.

Additionally, you’d better to have an income that covers your expenses and leaves you some free time to sit at the computer and learn how to trade with peace of mind.

You can make any money through forex trading and any other kinds of trading when you DON’T HAVE TO make money and you don’t have financial problems. Therefore, having a source of income is a big help.

False forex success stories

Most people think that they can learn to make money through forex trading within a very short time, and become a full-time forex trader who makes thousands or even millions of dollars.

This is is not true at all.

There are so many false forex millionaires stories over the internet.

Be careful not to be deceived by them.

None of the real millionaires or billionaires, like george soros, have made their wealth through forex or stock trading without following strong strategies. However, they are experienced business people who make a lot of money through several sources of income they have.

Then they invest a portion of their wealth in currency, stock, real estate… markets to increase their wealth: A short term investment strategy that makes you a millionaire

This is how they’ve become millionaires or billionaires. Their increase their wealth through forex or stock trading while they have other sources of income.

Therefore, if you like to become a millionaire, first you have to have a good source of income that makes a reasonable amount of money that not only covers your expenses, but also leaves some money for your trading and investments.

Then you can start learning how to trade.

You have to keep on learning and practicing until you become a consistently profitable trader. That’s why we enable our trading students to develop a source of income too.

The hassles of following too many trading strategies

Some traders the hard way of following too many trading strategies, robots and time-frames, and sitting at the computer for several hours per day.

That is the hard way which can hardly take you to your destination.

The simpler and easier way is learning the forex trading basics, and then a simple and strong trading strategy.

Then you have to master your trading strategy through demo trading.

When you succeed to make profit consistently for 12 consecutive months at least, you can open a small live account and start practicing with it.

If you can make profit consistently for 12 consecutive months with your live account too, the way you could make profit with your demo account, then all you have to do is that you keep on trading with your live account to grow it, or adding some more money to it. But don’t make your account too big. You will be faced with lots of negative emotions when you are still new and you want to trade with a too big account.

A source of income is really good

To become a full-time forex traders who makes money consistently, you have to spend some time. I already explained it above.

If you don’t have an income currently, or if your income is not enough to give you time and mind freedom to learn forex, you should develop a source of income that covers your life and enable you to open a live account in the currency market when it is the time.

You can keep making money with your source of income until you are ready to open a trading account. If your income is enough to trade through a bank account later when you are ready to do it, it will be even better.

Trading through a bank account will have a lot more advantages compared to trading through forex brokers.

The only problem of trading through a bank account is that you have to have a lot of money because banks don’t offer any leverage.

Therefore, to become able to trade through a bank account, you have to have a lot of money already.

That is why I emphasized on having a strong source of income earlier in this article.

If you want to become a millionaire forex trader, you must have a good income and backup.

Turning a small $5000 account into a million dollar account is possible theoretically.

You can do it slowly and surely when you become a consistently profitable trader and you have enough patience. However, you have to be a patient and disciplined forex trader to do it. And, you can’t do it alone. You need the mentors technical and emotional support.

Do it the right way:

You need to become a professional trader through learning the best and most accurate technical and fundamental analysis techniques. This is the only thing that makes you a professional trader who can consistently make profit.

When they become consistently profitable forex traders eventually, they have enough money to open live accounts or even professional live forex trading accounts with the banks to trade professionally and increase the money they make.

This is how they can become millionaire forex traders while they also have some other good sources of income to support their forex and stock trading investments.

So, the answer of this question that whether it is possible to become a millionaire through forex trading is in the facts that I explained in detail above.

Be careful not to be deceived by the scam mentors or brokers. They are there to make money from your losses, not to make you a millionaire.

So, let's see, what we have: getz capital is providing the best MT5 forex trading platform with the best trading experience for both experienced forex traders and new traders. At get forex capital