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Best place in the world to trade from?

  • #401
  • Apr 10, 2010 10:06am Apr 10, 2010 10:06am
Portugal.

Almost no crime. good internet, cheap cost of life comparing with other EU countries, good food, sun, whatever...
  • #402
  • Apr 10, 2010 10:09am Apr 10, 2010 10:09am
Well right now I am considering near Marbella Spain, for various reasons
  • #403
  • Apr 12, 2010 7:27am Apr 12, 2010 7:27am
There hasn't been much mention of one of the essential things in life: food.

You have to make sure that you will like the food before even thinking of living there, or that the food that you like will be available there.

I would choose Japan, mainly because of the food, cute girls, and a general atmosphere of craziness and edginess of Tokyo. Other cities in Japan are much less crazy, e.g. Kyoto and Nikko are calm and beautiful. But the cost of living in Japan is quite high. 7 weeks traveling around the country put a huge dent in my savings (but the experience was well worth it).

Another thing is that for some places, learning the language is a kind of social requirement, and I think Japan would be one of those places. Some languages are more difficult to learn than others, and people say basic Japanese isn't very difficult.

Speaking of language, being able to speak and write English whilst living in a non-English speaking place can help in making new friends/girlfriends/boyfriends because many people want to learn and practice English. This would be the case for Japan and other Asian countries.
  • #404
  • Apr 12, 2010 7:50am Apr 12, 2010 7:50am
Switzerland.
  • #405
  • Apr 13, 2010 5:15am Apr 13, 2010 5:15am
It's good to trade in Ciprys, Virgin Britain island, Beliz etc.
  • #406
  • Apr 13, 2010 11:45am Apr 13, 2010 11:45am
Costa Rica or CA.. Always nice to work with an ocean view.
  • #407
  • Apr 13, 2010 12:29pm Apr 13, 2010 12:29pm
east europe is very good it covers both europe and ny sesions, what else may you need?
  • #408
  • Apr 13, 2010 12:32pm Apr 13, 2010 12:32pm
Quoting profxtrader
I left the USA 2.5 years ago and now trade from Panama. I'm a swing trader though and don't stay up all night, so that may be a key factor depending on your trading style. I'll have to admit though. Trading from an island in a tax haven isn't half bad.
hehehe, nice profxtrader, I'm also from Panama, it's nice to trade from here, and the good thing is that I don't even pay taxes.
  • #409
  • Apr 13, 2010 12:49pm Apr 13, 2010 12:49pm
Quoting obseerver
Switzerland.
The most boring country you will ever find in your life.
So a lot of time to trade in the absolute absence social distractions...
  • #410
  • Apr 16, 2010 9:13pm Apr 16, 2010 9:13pm
Quoting Hyper
There hasn't been much mention of one of the essential things in life: food.
You have to make sure that you will like the food before even thinking of living there, or that the food that you like will be available there....
im not sure, but i think international food/cuisine is readily available in many countries. u just have to find out where to buy.
  • #411
  • Apr 16, 2010 11:26pm Apr 16, 2010 11:26pm
Quoting FlashCall
I would say Australia or Hawaii...

Never been to Oz, but I live in downtown Honolulu. Yes, Hawaii is beautiful , but there are a couple of things to consider :

You're still under the US regime , so no escape from the IRS. Also, there are state income taxes and well as local sale taxes.

Cost of living is very high ( at least by US standards).

English is spoken, well, sort of - locals speak "pidgin" English which will take a "haole" (white person from the "mainland" ) about a year to comprehend.

Schools - make sure you get your kids into private schools, the public schools are garbage.

Crime is similar or worse to what you'll find in any US city with a similar population.
Most crime here is associated with crystal meth addiction.

Streets aren't particularly clean outside of touristy areas like Waikiki.

Large Asian population, so make sure you like Asian cuisine, not too many French restaurants here...

As for trading, hours aren't the best - you can catch the Asian session and early London session. If you want to trade NY session, be prepared to be up by 2 AM.
  • #412
  • Apr 17, 2010 12:28am Apr 17, 2010 12:28am
Quoting mcmillan
Never been to Oz, but I live in downtown Honolulu. Yes, Hawaii is beautiful , but there are a couple of things to consider:

As for trading, hours aren't the best - you can catch the Asian session and early London session. If you want to trade NY session, be prepared to be up by 2 AM.
Aloha mcmillan,

I am getting recruited for a job with a firm in Honolulu & I'm thinking about going for it. I could trade for a living but I have been in my profession a long time and don't really want to give it up. I will continue trading though & I think the HI hours will br better than what I deal with here near Seattle. I like to scalp the FO/LO and I could do that for a couple hours before a reasonable bedtime.

I have never been able to work out a scalper's shedule in the PST time zone that did not negatively impact my life in some way.

re: Honolulu - I have visited and I was never really that impressed. There's an office on Maui & that might be better. Hawaii, in general, I always felt was kind of backwards and even foreign in a way. And it doesn't take too long to meet people who don't like you because you're a haole. But the sun and the sweet clean air can balance all that out...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #413
  • Apr 19, 2010 10:01am Apr 19, 2010 10:01am
Wherever it is that makes you feel happy.... Thailand, in my case.
  • #414
  • Apr 19, 2010 10:43am Apr 19, 2010 10:43am
Thessaloniki, Greece is also great place to trade from. Tax office don't even know what is Forex. They are making some changes in the tax system now, and we will see if they will start to tax the trading.

London & New York session can be traded during the day, if you want to trade the Asian session, you will have to be wake up in 2 AM

You will be on the source of the information here. Just watch the local news and go short the Euro :-)

Many beautiful beaches to choose from near the city, about an hour with the car. Greek kitchen is great, so no complain about that part of the life.

I don't want to talk about Greek hospitality...it is country which main income is from tourism, so you will feel welcome on every step here.

I have a sea view from my balcony, so you can imagine...
  • #415
  • Apr 21, 2010 12:20am Apr 21, 2010 12:20am
Your looking for the full package. Friends have said Thailand but I couldn't do it.. I've enjoyed working from Southern CA, BC Canada and Hawaii. CA & HI have the ocean and worm weather, BC has water and mtn ranges but the weather is much cooler. Cost of living not the cheapest.. good luck
  • #416
  • Apr 23, 2010 7:27am Apr 23, 2010 7:27am
Quoting supremeChaos
here in Asia (the Philippines), we can watch all those 3 u mentioned above (if u want to).
Europe session is 2-3pm here, so u can wake up after lunch.
how cool is that
u can end your day around 8 - 11pm (around 8-11am New York time).
no need to wake up early or miss active sessions. u wont mess up with or need to change your body clock/sleep pattern (health-wise, this is a VERY important issue)
if u have no trades, go to the beach or something. most of the things here are relatively dirt cheap (by US/European standards).
i fully agree with you about the attractions of trading in the phillipines.i intend to trade when i move there,in the next 6 months or so.however,i am concerned about the regular power outtages.is this a big obstacle to your trading?where do you live?where do you like(i'm not sure of where i should settle.) how many laptops do you trade with? is electricity ridiculously expensive?
  • #417
  • Apr 27, 2010 11:40am Apr 27, 2010 11:40am
I'd vote for the Philippines. Your income will stretch really far, the weather is great, the people and scenery are amazing.

I guess it sort of depends on where your existing close friends and family are though. Would be for me to live somewhere far away from them, even if I had the best weather/property/standard of living I could imagine.
  • #418
  • Apr 29, 2010 7:27am Apr 29, 2010 7:27am
Quoting nathanloury
I'd vote for the Philippines. Your income will stretch really far, the weather is great, the people and scenery are amazing.

I guess it sort of depends on where your existing close friends and family are though. Would be for me to live somewhere far away from them, even if I had the best weather/property/standard of living I could imagine.
Thailand has a better timezone than Philippines and is less isolated, the cost of living should be the same ...
  • #419
  • Apr 29, 2010 2:43pm Apr 29, 2010 2:43pm
i guess after reading the entire thread the best place is merry old London.

1)London was mentioned as the most happening city in the world in forbes list

2)Tax free coz you can spread bet

3)its part of the EU so you have all the EU advantages but hasn't adopted Euro as the official currency so you're not exposed to that thread. Yes!! the pound may be going through a rough phase now but its been around from the 11th century so its probably not going to disappear any time soon.

4)Multi ethnic / multi racial so i guess you wont stick out

5)reasonably priced internet

6)best restaurants/nightclubs in the world

4)very well connected to the rest of the world

5)I'm not sure about this but i'm asuming crime is lower than the US

what more could you want.
  • #420
  • Apr 29, 2010 3:21pm Apr 29, 2010 3:21pm
Quoting fugly
i guess after reading the entire thread the best place is merry old London.

1)London was mentioned as the most happening city in the world in forbes list

2)Tax free coz you can spread bet

3)its part of the EU so you have all the EU advantages but hasn't adopted Euro as the official currency so you're not exposed to that thread. Yes!! the pound may be going through a rough phase now but its been around from the 11th century so its probably not going to disappear any time soon.

4)Multi ethnic / multi racial so i guess you wont stick out

5)reasonably...
I agree with you fugly. Overall, London is a great place for traders, assuming your not looking to get back with nature nor a home near the beach.
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