There’s another reason why I am so reluctant to put money into a TFSA trading account to invest in Canadian stocks. As you know, in a registered trading account, such as a RRSP self-directed trading account or a Questrade TFSA trading account (aff), you cannot short shares and can only buy because you can’t trade on margin. As such, a registered trading account is an account for buy-only trading.
I just spent the last few hours looking into Google App Engine to use it for trading. Google App Engine (GAE) is a cloud computing development and hosting platform for web applications. GAE is similar to the well-known Amazon EC2 service but it is also very different. The main difference between GAE and EC2 is that GAE is not as flexible as EC2 but it is a lot easier to develop on. Think of it like using C++ (EC2) to write your own trading platform to using EasyLanguage on TradeStation or MQL on Metatrader (GAE).
I barely traded this month. The total number of trades in February for my forex demo account is ten. That’s far from my regular 150 – 250 trades a month. Ever since my trading system was broken because of technical difficulties, I’ve changed my priorities in trading. I spent most of my time in February learning a new programming language to ramp up my quant and automated trading projects.
I’m still recuperating from my food poisoning from last week. Meanwhile, I came across this unbelievable trading workspace showcase from LifeHacker.
40 monitors trading workspace
I have no idea how this trader can juggle 40 monitors during his day trading. I am satisfied with just one 24″ monitor on my desk. However, I’m neither a day trader or a professional trader, so perhaps I’m missing something?
What do you think of this 40 monitors setup? A dream come true or a charts nightmare?
#canadavsrussia #Alright, so I’m back from the dead. Let’s finish this cost-benefit analysis before the weekend. Here are back links for Part 1, Part 2, Part 3 in case you missed them.
The table below shows my expected return as derived through part 2 and part 3 of this series. As you can see, I’m only expected to break-even by risking 1% of my $5000 TFSA trading account. Trading just for the sake of break-even isn’t exactly an enviable goal. Based on my statistics, I typically say an expected return of 0.10% per trade is acceptable. Looking at the table, that would require that I risk 1.5% per trade.
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My name is Paul and I am a full-time engineer, part-time trader. Back in 2000, I deposited my $5000 interest-free student loan with an online broker. Since then, my interest in trading has become an obsession.
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Forex Trading: Income or Capital Gain Tax in Canada?
I’ve always known that foreign exchange trading is treated as capital gain tax in Canada. But just to be sure before filing my taxes soon, I’ve decided to double check the facts from Canada Revenue Agency. As you know, the difference between income tax and capital gain tax is substantial. Income tax is taxed at your marginal tax rate. Whereas capital gain tax is a generous half of your marginal tax rate. That works out to a 10% to 20% difference. Click here to continue reading... (598 words)