In this blog, I'm trying to introduce my business and want to do team work in this business. So, I want to write some things about this field for work together.
I know that, my words can be weak for introducing this field. So, I'm collecting come article which will be perfect to know about this business. Please have a look if you are interested in this business and many many of good luck to all.
Article from Wikipedia :
" The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.
The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: US$1 is worth X CAD, or CHF, or JPY, etc. Read more .. "
Article from DailyForex :
" Forex trading is perfectly legal in Nepal and is supervised by the Securities Board of Nepal (“SEBON”) under the Securities Act 2063, which was published on January 14th, 2007. An amendment regarding directives, bylaws, merchant banker guidelines and associated laws related to the securities market was submitted to parliament in September 2019 with the intent of modernizing the law. Forex trading is completely legal, as long as traders remain compliant with local tax laws, which include a capital gains tax on Forex profits. Read more .. "
Article from Benzinga :
" The Federal Democratic Republic of Nepal is a tiny South Asian nation tucked between eastern China and northern India. While relatively small in size, Nepal is the 43rd most populated country in the world and features some of the globe’s most memorable landmarks, including Mount Everest. In fact, thanks to the massive Himalayan mountain range, Nepal is home to 13 of the world’s 20 tallest mountains. Read More .. "
Article from CompareBrokers :
" When trading in Nepal you will need to know what your options with your Nepal trading broker are.
There will be mamy of trading account types available in Nepal. If you are looking for brokers in Nepal that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Nepal broker guide will explain the things you should check and be aware of before you invest.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Nepal the trader should make sure all taxes owed for a financial year are paid. Nepal taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Nepal. You should seek advice with a Nepal tax professional to ensure they are abiding by all proper tax laws in Nepal. In Nepal Islamic accounts do not have additional restrictions on trades. Read more .. "
I'm in this business from AD 2008/2010 and often getting loss ; but I always think that this is my main occupation. So I just want to suggest for take more knowledge to be successful in this business even it is yourself or from any school. I hope that my this little blog will be helpful for us.