Hi all,
I know that forex is Taxable in the UKbutcan anyone explain how this works? Is this done automatically through the broker or do you need to fill out some tax return? Also are your profits only taxable when you withdraw the money from your account?
Also what is Swap? There is a column on my demo account summary titled swap, and some trades have a value here and the rest have zero. What and why is this there?
Thanks for any help
Kev