Important Accounting Considerations
The biggest component to being a successful and profitable trader is obviously having a proven trading strategy and the discipline to stick to it. However, there are often overlooked considerations that can impact your bottom line. With certain classes of ETPs, there are key accounting considerations to be aware of. Ironically, these considerations are not well known, so we’re dedicating a chapter of the book to bring you up to speed.
Before we get into more detail with respect to asset classes and legal structures, it is important to cover a few important tax definitions.