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Any US traders swing trading the Bunds (FGBS, FGBL, etc.)?
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Any US traders swing trading the Bunds (FGBS, FGBL, etc.)?

  #1 (permalink)
Trading for Fun
Boise Idaho/US
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Guitar
 
BlackSwan04's Avatar
 
Posts: 50 since Mar 2012
Thanks: 63 given, 60 received

Any US traders swing trading the Bunds (FGBS, FGBL, etc.)?

Greetings,

In my quest to find a good swing trading instrument, my sights have fallen on FGBS. It's got good trending behavior and low tick value/volatility and I'm thinking it might be a good introduction to swing trading futures.
However, I'm concerned that there may be special rules associated with trading it from a US account.
That said, are there any US traders that swing trade any of the bunds?
I'm mainly concerned about taxes. i.e. do I have to file gains/losses with German tax authorities?
Will I be taxed differently with the IRS?
From the research I've done, it seems like it's treated like any other 1256 contract, but I want to be sure.
Also, anything else that I shouldn't learn the hard way that I'm not thinking about now?
I know the market closes during the Asian session which is fine.
I'm not too worried about any special fees as my timeline should make up for it.
Just want to make sure I cover all the bases before pursuing it further.

Thanks!

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  #2 (permalink)
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  #3 (permalink)
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madrid spain
 
Futures Experience: Beginner
Platform: nt
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before paying taxes



BlackSwan04 View Post
Greetings,

In my quest to find a good swing trading instrument, my sights have fallen on FGBS. It's got good trending behavior and low tick value/volatility and I'm thinking it might be a good introduction to swing trading futures.
However, I'm concerned that there may be special rules associated with trading it from a US account.
That said, are there any US traders that swing trade any of the bunds?
I'm mainly concerned about taxes. i.e. do I have to file gains/losses with German tax authorities?
Will I be taxed differently with the IRS?
From the research I've done, it seems like it's treated like any other 1256 contract, but I want to be sure.
Also, anything else that I shouldn't learn the hard way that I'm not thinking about now?
I know the market closes during the Asian session which is fine.
I'm not too worried about any special fees as my timeline should make up for it.
Just want to make sure I cover all the bases before pursuing it further.

Thanks!

i am trying to learn to swing trading ZN, and also @MARS have nice post about bonds but i think before the concern about taxes, it is better to try learn to trade it, and after you win then...taxes, dont think so?

alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #4 (permalink)
Trading for Fun
Boise Idaho/US
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Guitar
 
BlackSwan04's Avatar
 
Posts: 50 since Mar 2012
Thanks: 63 given, 60 received

I'm looking at several different instruments at the moment and this being the only non-US one, I want to make sure that I'm not signing myself up for hours of paperwork and headaches. My concern is that if I learn to trade it successfully, then find out that there are a bunch of extra reporting requirements and fees, or who knows what else, the hassle would be worth less than any profits I might make.
The IRS has a ridiculously complex tax code and I don't want to step in anything that's too confusing or time consuming(at the moment). One of the reasons I don't trade ETFs.
Good luck with your ZN pursuits. I've been looking at ZT myself.
Cheers!

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