Why when signing up for a Forex account?
through an online broker they need my passport number?
Most Commented Posts
- August 8, 2008 -- Should "In God We Trust" Remain On American Currency? (41)
- February 26, 2009 -- Xtian: What right (specifically) would be violated by removing "In God We Trust" from US currency? (41)
- January 27, 2010 -- Do conservatives invest in gold because they have no faith in American currency? (37)
- November 24, 2008 -- Is “In God We Trust” on US currency a true statement? (35)
- January 3, 2009 -- Should the motto “In God We Trust” be removed from U.S. currency? ? (34)
- March 17, 2009 -- R&S what do you feel about "One nation under God" on US currency? (34)
- April 21, 2009 -- What would be the impact on American society if "In God We Trust" were removed from the currency? (34)
- May 7, 2008 -- Who else thinks that "in god we trust" should be removed from US currency? (33)
- January 9, 2009 -- Are coins and currency the same thing? (30)
- March 8, 2010 -- If your good looks were currency, what could you buy? (30)
This entry was posted on Thursday, April 23rd, 2009 at 7:48 am and is filed under forex trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
April 23rd, 2009 at 7:48 am
If you are serious to invest and have no intention to lose your money, you can google for HSFX Asset Management and start making consistent profits!
April 23rd, 2009 at 7:48 am
Its for yours and their security, so they know you are who you claim to be. Otherwise you could launder money easily.
April 23rd, 2009 at 7:48 am
they ask for your passport (or in other cases, a valid social security number) for a few reasons. For one this can help to prevent money laundering (one person "depositing funds" in an account that lives in the u.s. and another person, say from columbia or mexico "withdrawing funds" only to be using that as a means of transfering payment for a marijuana or coccaine deal or something like that.
Also another reason (at least in the U.S.) is that any gains received is technically considered INCOME and with any income you receive you have to pay taxes on. This is reported to the IRS. This works both ways though. If you do bad an have a loss like i did my first year (i started trading in mid december before i knew what i was doing and lost $320) you there fore can report that as a loss, and get it subtracted when figuring your Federally adjusted gross income.
If you start doing really well you need to keep this in consideration. So I for instance, at the end of each month any gains i made for that month i transfer 35% of my monthly gains to a separate account. (your percentage may vary or may need to use a tax table if your income is below $100k/yr) This way when it is time to pay taxes, your money is right there, and if you put it in a CD or something you can even earn a little interest in the mean time before it is time to turn it over in april.
hope this helps
"PIPS"
Hope this helps