How are profits from forex brokers taxed in my country?

Forex profit taxation varies widely by jurisdiction. Many countries treat gains as capital gains or income tax at your marginal rate—20 to 50 percent depending on amount and holding period. Some like Germany or Australia tax all profits as income; others like Singapore have no capital gains tax. The US taxes forex as Section 1256 contracts with 60/40 long/short term split. Track all trades for accurate reporting. Residents trading abroad may face double taxation without treaties. Consult a local tax advisor or accountant familiar with forex to handle wash sales, losses, and deductions properly.