Margherita
Fri Mar 29 2024
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6 answers
1104
How are day traders taxed in Australia?
I'm quite curious about the taxation policies for day traders in Australia. As a beginner in this field, I'm trying to understand the financial obligations that come with trading cryptocurrencies. Specifically, I'm interested in knowing how the Australian Taxation Office (ATO) treats day trading activities. Do day traders need to pay taxes on their profits? If so, how are these taxes calculated? Are there any specific tax deductions or allowances available for day traders? I'd appreciate it if you could provide a detailed explanation of the taxation rules and any relevant resources that I could refer to for further information. Thank you.
CloudlitWonder
Fri Mar 29 2024
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5 answers
885
How much money do day traders with $10000 accounts make per day on average?
I'm interested in day trading cryptocurrencies, and I'm considering starting with a $10,000 account. Could you please tell me, on average, how much money do day traders with $10,000 accounts make per day? I understand that the results can vary depending on various factors, but I'm just trying to get a ballpark figure to help me make a decision. Additionally, are there any specific strategies or techniques that you recommend for successful day trading with a small account? Thank you for your time and expertise.
