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- valdor replied Mar 1, 2015
The thing is that currency value is relative and while things aren't perfect in the US they are better than in most other countries. Given that fundamentals aren't likely to get better soon in Europe, China, Brazil, Russia etc I wouldn't worry about ...
- valdor replied Jan 19, 2015
Anyone who is serious about trading will trade through a separate legal entity, preferably one in a no audit jurisdiction (Belize, BVI, Samoa...). Not only do you remove the element of personal risk from the equation but you can also lower your tax ...
- valdor replied Jan 16, 2015
Anyone knows what would happen to the other FXCM units if FXCM USA goes bust?
- valdor replied Oct 18, 2014
To be honest I'm not surprised by this report, I've always thought the 95% figure was way exaggerated. What I find shocking is how few accounts there is! I would have thought there would be more traders...
- valdor replied Apr 11, 2014
I really do not understand why people open trading accounts with unreputable firms. Would you open a bank account with a non regulated bank in a small third world island? Probably not so why open a trading account there? There are a few very ...
- valdor replied Mar 15, 2014
You can use a nominee director and shareholder for the BVI company if you think this might be an issue in your country.
- valdor replied Mar 15, 2014
You pay one pip regardless of the size of the order, the value of the pip simply increase with a larger order. It is expensive compared to most retail brokers but I consider it the price of peace of mind. To be honest I would be nervous about ...
- valdor replied Mar 11, 2014
Register a limited company in the BVI and fly to Singapore to open a OCBC corporate account. Once you have the account you can open a iOCBCfx Pro trading account with a minimum deposit of 30000$US. That's the best way to trade retail forex, point. ...
- valdor replied Mar 17, 2013
The quote from Bloomberg is the real one, I'm getting a very similar quote from my bank.
- valdor replied Mar 16, 2013
The best place to open a offshore bank account is Singapore. Canada and Australia are great too and much safer than any bank in Europe/USA. You will have to go in person though but if you are serious about this then it won't be a problem. As for ...
- valdor replied Feb 2, 2013
Don't trade on the smaller time frames, trade on the larger time frames (H4, D1...). It is quite easy to predict where the price will go on the larger time frames and you do not have to use tight stop losses and risk having your trades taken out by ...
- valdor replied Jan 31, 2013
I know it's a bit higher than 20k but you can open a corporate account with the OCBC in Singapore with a deposit of 30k USD. It's the world's most solid bank according to Bloomberg and they allow you to leverage your position up to 33 times. I would ...
- valdor replied Jan 31, 2013
Who would transfer 300k to e-currencies? Besides, Exness is not even regulated, I would never recommend a non-regulated broker or one that is regulated in a "lax" jurisdiction.
- valdor replied Jan 31, 2013
If the security of your funds and the long term growth of your account is your main priority (and it should be) then I would recommend opening a trading account with a bank (HSBC, OCBC, Deutsche Bank...). Fund withdrawal will be instant (and often ...
- valdor replied Jan 23, 2013
I'm Canadian and I moved to SE Asia a little while ago for trading (and the weather of course). I moved first to Singapore but man is that city boring! I moved to Bangkok about a year ago and so far I've had a great time. It is not so cheap if you ...
- valdor replied Jan 23, 2013
117.9% for 2012.
- valdor replied Jan 11, 2013
Why would you even open an account with them even if it is a 10$ account? Opening an account with a good broker is very easy, most brokers will even waive the proof of address requirement if your passport scan is certified by your ...
- valdor replied Jan 11, 2013
I've had an account with them for a little while now and I'm a very happy customer. I use that account to test strategies for my main account. Everything works well and I've not experienced any glitches or problem. They have responded to all my ...
- valdor replied Dec 29, 2012
I do not leave much money in my dormant accounts, only enough to place a trade every few months so that they do not become inactive. I will definitely have to close a few accounts to protect myself against id theft though... I'm not too concerned ...
- valdor replied Dec 29, 2012
OCBC is great if you are trading with a large account as they are a very solid bank and thus the chances of your money disappearing are nil. They were even rated as the most solid bank in the world by Bloomberg for the last two years. I've not had ...