Best place in the world to trade from? | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Best place..book...resour ce... to learn the art of the SCALP! 45 replies

The Best Place In The World to Trade Forex 1 reply

Hi...best time to place order after news released 3 replies

Hi...best time to place order after news released 2 replies

Hi...best time to place order after news released 0 replies

Attachments: Best place in the world to trade from?
Exit Attachments

Best place in the world to trade from?

  • #321
  • Sep 8, 2009 2:34am Sep 8, 2009 2:34am
Quoting Dopey
I agree, the UAE is one of the best time zones for trading FX....
ok so which other country is best for trading FX if im single?
  • #322
  • Sep 8, 2009 6:26am Sep 8, 2009 6:26am
Pattaya

Quoting bksujal
ok so which other country is best for trading FX if im single?
  • #323
  • Sep 8, 2009 6:30am Sep 8, 2009 6:30am
Quoting FXSurfer
Me and Fool are getting ready for the rainy season here...the next eight months!

I'm not kidding though...the Pacific NW is really a nice place to live. I've lived all around the US, and several countries in Europe and Asia.

If I had to choose a "best" place to live from where I've been there is no question whatsoever - Singapore is it.
yes, singapore has almost everything except for great scenery. which can be compensated by a few hours flight. to bali, thailand, malaysia or japan and hongkong!!!

no worries about natural disasters here ever. safety is also no problem, famous for low crime rate. trading fx is tax free, as there is no capital gains tax here. internet speed is also top notch. can get up 100mbps with free mobile broadband for under sgd$130.

if you are a normal sleeper who keep to normal hours. get up at 8am and you can trade. as the australians and japanese are already in the market. although things will be slow abit. europe starts at around 1pm and the londoners come at 3pm. the americans will come at 8pm. thanks
  • #324
  • Sep 8, 2009 6:34am Sep 8, 2009 6:34am
malaysia is the best place ! GMT +8 Time zone !
Trading Forever !!!
  • #325
  • Sep 8, 2009 8:31am Sep 8, 2009 8:31am
Great thread, but why does one of your requirements have to be "inexpensive living"? If you're a good trader, that seems like a non-issue.

Personally I live in southern California, and while it's beautiful here, I'm thinking of doing some traveling soon. Just wherever the road goes, as long as I can get high speed internet access. So as far as where the best place to trade from is, I would have to answer wherever you can get a satellite uplink or wifi, as well as wherever you feel like being.
  • #326
  • Edited 10:30am Sep 8, 2009 10:19am | Edited 10:30am
HONG KONG!!!!!!
Great place!!
bit busy, but great place!
here in macau my internet connection speed is at it lowest 100MBPS, occasionally 1GBPS its true!!!!
if i used every commercial EA i would be a brazilianare by next week!!!!
  • #327
  • Sep 8, 2009 1:12pm Sep 8, 2009 1:12pm
Quoting winningfx
yes, singapore has almost everything except for great scenery. which can be compensated by a few hours flight.
Just a short trip to Indonesia or (this is awesome) an hour or so on the bus into Malaysia and a short boat ride to Pulau Tioman. Nothing better - I promise!

http://cache.virtualtourist.com/2082...lau_Tioman.jpg
  • #328
  • Sep 8, 2009 1:25pm Sep 8, 2009 1:25pm
Don't much fancy Singapore - too many rules and regulations for my liking. As the Singaporeans themselves say - It's a very fine city, you can get fined for this, that and basically anything you care to mention.
  • #329
  • Sep 8, 2009 1:31pm Sep 8, 2009 1:31pm
Quoting winningfx
yes, singapore has almost everything except for great scenery....internet speed is also top notch. can get up 100mbps with free mobile broadband for under sgd$130. ....
Asia has a lot of beautiful places.
around May, i posted some pictures of my country here.

btw, u dont need a super-fast internet to trade, imho. i have tried dial-up before. now i am on 384kbps, pretty ok for trading.here we have internet plans for +/- $20-80 (most now bundled with landline).
also, if u have a fast internet but got a crappy PC, then it ends up as a crap imho.


Quoting Lionstrike
Great thread, but why does one of your requirements have to be "inexpensive living"? If you're a good trader, that seems like a non-issue..
not all (good) traders live in a extravagant fashion.
also, not all traders consistently profit.

whatever a person does, expense is always an important matter.
when a person is earning a lot, it does not necessarily follow that he should spend a lot. whatever the circumstance, a person should live within, or better yet below, his/her means. imho
  • #330
  • Sep 12, 2009 8:06am Sep 12, 2009 8:06am
Quoting winningfx
no worries about natural disasters here ever. safety is also no problem, famous for low crime rate. trading fx is tax free, as there is no capital gains tax here. internet speed is also top notch. can get up 100mbps with free mobile broadband for under sgd$130.

Hey there, I was also thinking of moving to singapore sometime, would you mind answering a few qs?

what you say fx and capital gains is tax free.. I pay no tax if I'm making money soley on foreign exchange? -- also is chewing gum still banned there? I heard you can now buy through dentist or pharmacy, but can you buy at normal shops? lol

thanks
  • #331
  • Sep 13, 2009 9:59pm Sep 13, 2009 9:59pm
I take it some of you guys that travel and trade are using wireless networks. What safety precautions do you recommend when trading this way?
  • #332
  • Sep 13, 2009 10:19pm Sep 13, 2009 10:19pm
Quoting GJP
I take it some of you guys that travel and trade are using wireless networks. What safety precautions do you recommend when trading this way?
Don't share your account password with your "ex" bargirl girlfriend.
Not all sins are created equal
  • #333
  • Edited 5:04am Sep 14, 2009 4:59am | Edited 5:04am
Quoting GJP
I take it some of you guys that travel and trade are using wireless networks. What safety precautions do you recommend when trading this way?

I will suggest to use a strong firewall and a good anti-virus... and not to save any password in laptop...
Success is a journey not a destination...!!
  • #334
  • Sep 14, 2009 5:09am Sep 14, 2009 5:09am
Quoting Jay Walker
Don't share your account password with your "ex" bargirl girlfriend.
Perhaps just try to be a little more choosy when picking a girl to date.

Personally I don't share my password with anyone, which is sometimes a pity as I frequently forget it myself. I haven't taken any particular precautions when using my phone to trade as I'm not aware of any that I can take. This is via GPRS and not a wireless network so I am not sure of the issues.
  • #335
  • Sep 14, 2009 5:15am Sep 14, 2009 5:15am
Quoting FX Min
Hey there, I was also thinking of moving to singapore sometime, would you mind answering a few qs?

what you say fx and capital gains is tax free.. I pay no tax if I'm making money soley on foreign exchange? -- also is chewing gum still banned there? I heard you can now buy through dentist or pharmacy, but can you buy at normal shops? lol

thanks
Singapore is a nice country.. Neat and clean... Not that expensive... Banking facilities are very good.. and time zone is also perfect to trade forex and options... Even I am planning to move in Singapore....

You can't live in Singapore until you have a big investment or a company in Singapore... You can open your own company in Singapore at very low cost... and for first 3 three years TAX is 0% if yearly income is less then 100k SGD... and after 3 years you have to pay 9% if less then 100k SGD and 17% if more then 100k SGD... But still there are many ways you can reduce tax... Your consultant will advise you in best ways...
Success is a journey not a destination...!!
  • #336
  • Sep 14, 2009 8:12am Sep 14, 2009 8:12am
Quoting fxRichard
...so i am contemplating moving but unsure of where to. The ideal place needs to offer the following:

1 - Great weather and scenery (preferably tropical or mountains)
2 - Inexpensive living - best bang for the buck etc.
3 - Good schools (for our kids)
4 - Safe for Americans / foreigners etc.
5 - English is prevalent thus making it easy to get around (if outside of the US)
6 - Low crime
7 - Hight speed internet available (this is a MUST)
8 - ....anything else you can think of.

Right now I am looking into Phuket Thailand but looking for input...
Definitely Southern Spain. Malaga area or Marbella.
All of the above apply, weather, mountains, schools etc. plus you are in Europe, which in trading means you can take advantage of the European market and US market during your day.
  • #337
  • Sep 14, 2009 8:16am Sep 14, 2009 8:16am
Quoting artov
Visited Seattle in July, I parked the car at one of the private parking lots in downtown (apx. 10 minute walk to Space Needle). Not a big problem if you know where to find them.

I live in Amsterdam and have been thinking of going to California for 3 months (max stay without a visa) during the winter time. It's better for me to stay a Dutch resident due to 0% tax on financial markets trading. But it gets horribly cold during the winter here (humid and hard wind) so SoCal would suit me more.

Only concern of California would be the difficult time...
Ga toch lekker in Spanje wonen man, of Zuid-Frankrijk.
Ik woon zelf in Miami, ook leuk.
  • #338
  • Sep 14, 2009 11:26am Sep 14, 2009 11:26am
Everyone seems to want to just flee from where they are trading from right now. How weird. I would never change my location, no matter how many bucks. I would probably own a house or two for nice trips during the summer.. but I figure if I move to spain and I will only see sun ... I'm going to miss the winter. If I move into the mountain area I will miss the summer. Change is what makes it what it is guys! ..and you can always travel and travel and travel
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #339
  • Sep 14, 2009 3:05pm Sep 14, 2009 3:05pm
Quoting Slight
Everyone seems to want to just flee from where they are trading from right now. How weird. I would never change my location, no matter how many bucks. I would probably own a house or two for nice trips during the summer.. but I figure if I move to spain and I will only see sun ... I'm going to miss the winter. If I move into the mountain area I will miss the summer. Change is what makes it what it is guys! ..and you can always travel and travel and travel
The grass is always greener...
  • #340
  • Sep 14, 2009 3:41pm Sep 14, 2009 3:41pm
Anyone considering moving away from their birth country is making a grave mistake. You new adopted country will never be the same. Some countries have overrated assessments and that can be totally disappointing once the reality sets in. After a while you will regret the move.You will not like the mentality/culture of a new country and you will feel outsider.

You won't have much in common with anyone and eventually you will despise everyone because they will feel the same about you. Detrimental to your health.

I speak from experience. I hate living in USA for above mentioned reasons but moving and selling real estate is not as easy as some might think.

Cheers
0 traders viewing now