Even if you do everything right in your first few trades and make money, you still have to pay the bills. Just like every business, trading has costs. Here are some to be aware of before you make your first trade.
The advent of electronic trading brought an infatuation with for-profit exchanges, while Dodd-Frank brought hope of regulatory protection for the little guys. Neither delivered in 2013 — will 2014 be any different?
There are a lot of folks in the Futures industry who would have liked the commission to have declared bankruptcy a year or so ago before writing rules likely to put their businesses on the edge of solvency.
Bitcoin was designed to be a currency free from the corrupting influence of government or any other centralized authority. Now, though, with the value of a single electronic unit hovering around $1,000, the battle to control emission of Bitcoins is on.
The U.S. Internal Revenue Service should give taxpayers clear rules on how it will handle transactions involving Bitcoin and other digital currencies, Nina Olson, the National Taxpayer Advocate, said today.