I want to trade in the forex market but don’t know...
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I want to trade in the forex market but don’t know how much I will be taxed. How much does a trader on average get taxed by the IRS?

 
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Level 10

I want to trade in the forex market but don’t know how much I will be taxed. How much does a trader on average get taxed by the IRS?

This can be a highly rocky road and not an area for those feint of heart.  You need to spend the upfront time researching this area and a simple google search will address your question.

https://finance.zacks.com/tax-advantages-forex-traders-10457.html

Additionally, you should be able to find this addressed on any major platform that facilitates these transactions.

*A reminder that posts in a forum such as this do not constitute tax advice.*
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