Do I pay much tax if I trade a lot but get small profit or maybe not?

How much I have to pay tax if buy and sell alot?

I don't know how tax works in investment/trading.

Thanks for answering!

Just in case

I don't want to lose money on my investment and have to pay tax.

I have not invested yet. I'm about to!

I think you pay tax on profits only. If you lose money from trading, you don't have to pay. I think so.

You only pay tax on profits, not for trading. But if you make no profits on trading, why are you doing it?

If you're in the 15% tax bracket:

* Capital gains on assets held for a year or less are taxed at your ordinary income tax rate (in this case 15%).
* Capital gains on assets held for more than a year are taxed at a reduced tax rate of 10%.

If your ordinary income tax bracket is greater than 15%:

* Capital gains on assets held for a year or less are taxed at your ordinary income tax rate (anywhere from 28% to 39.6%, depending on your specific ordinary tax rate).
* Capital gains on assets held for more than a year are taxed at a reduced tax rate of 20%.

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