Saving for taxes on money earned from Forex

Beginner Questions
1

Looks like about to pass phase 2 on 3 funded accounts so things getting real.

Planning ahead we have to pay taxes on the the money we win so I assume this means setting money aside for this.

I dont just want to stash money under my mattress to pay for this how do experienced traders save their money to pay their taxes that isnt in some no interest collecting bank account?

I imagine it needs to be something that you need immediate access to so you can pay your taxes, but worth it on collecting interest that there is actually a benefit?

2

Interesting discussion on IRC Section 1256 and Section 988 if you’re in the US. Could help you save a couple bucks. Seek assistance from a knowledgeable CPA.

https://ttlc.intuit.com/community/taxes/discussion/hello-i-just-open-a-forex-account-and-i-have-gain-and-loss-small-amounts-of-money-what-section-do-i/00/949460

As for saving money, how about earning 8% APY with Gemini Earn?