How Do Taxes On Forex Work? | All About Money Online

I might start trading currencies in a little bit but I was worried a little about the taxes on forex. I understand there is no limit on day trades in forex right? So if there are no limits I might end up doing 10 trades per day. Additionally, the forex market is open all day so this gives me even more time to trade. Come time to file my taxes, do I have to report every single trade I made and the profit/loss on each of those trades? Or do I just have to submit my profit/loss overall? If I end the year with a thousand trades or something I don’t know what I will do if I have to report each and every one individually!

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