A:In the U.S., one of the best ways for individuals tfading protect their income from taxes and save for retirement is by using an individual retirement account (IRA). IRAs come in many forms that can be tailored to specific individual preferences. However, significant rules and regulations have been developed and initiated by the IRS and the U.S. Treasury department that can make the use of IRAs quite confusing.
Two of the main IRAs are self-directed IRAs and Roth IRAs.Self-directed IRAs are ones that are controlled by the individual. These accounts vorex forex managed trading ira vs 401k between the individual opening the account and a stockbroker. To read about the differences between trading using a Traditional IRA and manzged Roth IRA, click here. Yes, you can trade a 401K in the Forex market. By law the money has to be introduced by a yrading company so check with your broker first.
Some brokers also require you to accept reduced leverage (higher margin) when trading retirement funds. Yes, you can trade a 401K in the Forex market.Similar Threadsdemo account and live account differ in slippage. Roth IRA and regular IRA.
Forex managed trading ira vs 401k