I can't seem to get a straight answer to this question. As a US citizen, if I want to open a Forex account with an overseas broker, and assuming I pay all of my American taxes on my gains is this legal? Is there any law or statute or code that I would be breaking? Would the IRS have any problem with this? If anyone has any experience with this issue I would greatly love to hear your feedback.
If it were not so, I would have told you...