If one has a long term position, that is in profit, and opens a shorter term position in the same currency pair, that may currently be at a loss, the US TAX people what you to close the profitable position. Holding the lost in your account. Now, how is that good?

Jason Rogers

I have a question. How is the account in UK treaded tax wise? Are we subject to double taxation? or are the people from the US on our own good behavure to tend to that business?