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Daytrader as a round-the-world traveller

  • #1
  • First Post: Jul 7, 2010 10:33am Jul 7, 2010 10:33am
As online trading has little location restriction. A successful private trader, having earned the capital, can operate trading while travelling around the world.

I heard that there is a private trader who has a girlfriend in each major cities around his region. While I am not promoting that kind of lifestyle, I am curious to know whether you have experience to share either from yourself personally or from others as a round-the-world private trader.

Also, it is good to know of other problems that may happen in this kind of lifestyle. For examples, network restriction imposed by the countries, or taxation issues involved.

Look forward for your sharing!
  • #2
  • Jul 7, 2010 11:32am Jul 7, 2010 11:32am
As online trading has little location restriction. A successful private trader, having earned the capital, can operate trading while travelling around the world.
Only in my dreams....LOL
  • #3
  • Jul 7, 2010 8:55pm Jul 7, 2010 8:55pm
Quoting tradestar1
As online trading has little location restriction. A successful private trader, having earned the capital, can operate trading while travelling around the world.
Only in my dreams....LOL
Dreams will come true!

Oh, not many people have similar experience to share! haha
  • #4
  • Jul 7, 2010 9:15pm Jul 7, 2010 9:15pm
Quoting kk007
As online trading has little location restriction. A successful private trader, having earned the capital, can operate trading while travelling around the world.

I heard that there is a private trader who has a girlfriend in each major cities around his region. While I am not promoting that kind of lifestyle, I am curious to know whether you have experience to share either from yourself personally or from others as a round-the-world private trader.

Also, it is good to know of other problems that may happen in this kind of lifestyle. For examples,...

sounds a little like someone has way too much time on their hands. LOL!
  • #5
  • Jul 7, 2010 9:50pm Jul 7, 2010 9:50pm
Quoting kk007
As online trading has little location restriction. A successful private trader, having earned the capital, can operate trading while travelling around the world.

I heard that there is a private trader who has a girlfriend in each major cities around his region. While I am not promoting that kind of lifestyle, I am curious to know whether you have experience to share either from yourself personally or from others as a round-the-world private trader.

Also, it is good to know of other problems that may happen in this kind of lifestyle. For examples,...

should let the broker know where you're travelling or they'll think your account is hacked into (ip address check and etc.)

- couple of losing trades, call the broker, and tell them your account has been hacked.


http://www.myfxbook.com/widget?id=38...pe=1&color=red
"There's a big difference between looking successful and being successful"
  • #6
  • Jul 7, 2010 11:21pm Jul 7, 2010 11:21pm
For the last 8+ years, I have lived in several countries in Central and South America. I have never had my broker questionrestrict orders I placed. In one village, internet service was unreliable. During the 6 months I spent there, 3 ISPs attempted to provide service. None succeeded. Lesson? If the country is not advanced, only stay in the big cities. However, I found that most countries do offer reliable, high-speed internet connections rivaling, or even exceeding, U.S. connections. Tech services and equipment are excellent. English is so pervasive, that I still have not learned enough Spanish to carry on a conversation! Contrary to what most believe, the cost of living is so much lower than in the U.S., Canada or Britain. So, don't think you have to have a mountain of cash reserves before you can go. And, taxation of non-residents is a non-issue in most countries. In fact, even countries who tax their citizens on their world-wide income, exempt a good chunk, before they start calculating taxes owed. Go online and check into the tax laws of your country. So, take 1 short trip to a place that interests you; and check it out. You will be amazed at how different life is lived (and enjoyed) around this wonderful world... And, like the song says: "You gotta have a dream. If you don't have a dream, how you gonna make a dream come true?"
Mind Power Magnetizes Market Profits!
  • #7
  • Jul 7, 2010 11:47pm Jul 7, 2010 11:47pm
Thank you very much for your sharing. How encouraging it is!!!!

I really don't want to stay in my bedroom or an office rented every day doing trading. I do want to travel around living in different place in different countries. For many people, this kind of travelling can reduce taxation cost, which can be much bigger than travel expense.

You advice is really good, it is close to what I can expect. Thanks a lot.


Quoting sunsue
For the last 8+ years, I have lived in several countries in Central and South America. I have never had my broker questionrestrict orders I placed. In one village, internet service was unreliable. During the 6 months I spent there, 3 ISPs attempted to provide service. None succeeded. Lesson? If the country is not advanced, only stay in the big cities. However, I found that most countries do offer reliable, high-speed internet connections rivaling, or even exceeding, U.S. connections. Tech services and equipment are excellent. English is so pervasive,...
  • #8
  • Jul 8, 2010 2:18am Jul 8, 2010 2:18am
To travel the world with a laptop. thats so cool !
  • #9
  • Jul 9, 2010 2:49am Jul 9, 2010 2:49am
Quoting kk007
As online trading has little location restriction. A successful private trader, having earned the capital, can operate trading while travelling around the world.....
cool goal.
btw, who is that trader?
  • #10
  • Jul 9, 2010 10:48am Jul 9, 2010 10:48am
You're welcome. I could never get excited about swapping one 'job' for another, either. To me, trading's real gift is the free time of 'joblessness', because it can be just the beginning of a really great adventure! Also, Mark Nestmann, an international tax attorney, has some interesting info online.

Quoting kk007
Thank you very much for your sharing. How encouraging it is!!!!

I really don't want to stay in my bedroom or an office rented every day doing trading. I do want to travel around living in different place in different countries. For many people, this kind of travelling can reduce taxation cost, which can be much bigger than travel expense.

You advice is really good, it is close to what I can expect. Thanks a lot.
Mind Power Magnetizes Market Profits!
  • #11
  • Jul 9, 2010 11:09am Jul 9, 2010 11:09am
Quoting kk007
I heard that there is a private trader who has a girlfriend in each major cities around his region.
"I've got hoes, in different area codes".

...........
"I bang #### in Bangkok
Can't stop, I turn and hit the same spot
Thank not, I'm the thrilla in Manilla,
Schlong in Hong Kong"

  • #12
  • Jul 9, 2010 12:54pm Jul 9, 2010 12:54pm
Inserted Video
  • #13
  • Jul 9, 2010 12:55pm Jul 9, 2010 12:55pm
Thanks for your sharing. I will check out the info.

Quoting sunsue
You're welcome. I could never get excited about swapping one 'job' for another, either. To me, trading's real gift is the free time of 'joblessness', because it can be just the beginning of a really great adventure! Also, Mark Nestmann, an international tax attorney, has some interesting info online.
  • #14
  • Jul 9, 2010 3:09pm Jul 9, 2010 3:09pm
kk007, this is actually my primary goal from trading. For one, I want to migrate throughout the year to where the weather is always between 10 and 25 (50 and 75); and for two, as sunsuesuggested, you can't experience a culture as a tourist - you have to live there.

As for a girl in every port, it's also tempting...

Rob
  • #15
  • Jul 9, 2010 8:15pm Jul 9, 2010 8:15pm
I believe I can weigh in on this topic. I dare say that I am one of the pioneers of the "travel the world with a laptop" crowd. I've traveled around the world several times while running several online businesses, trading included. I started out almost 8 years ago when I was 26, traveled extensively for almost 3 years, and then decided to more or less settle in Thailand. Although I still enjoy the odd adventure, day-to-day life in SE Asia is exciting enough without me having to go and seek out strange experiences.

Most places that I visited during my hardcore travel years had decent enough internet connections to let me do my thing. I remember uploading some critical files to my server from a post office in a Mongolian village, for example.

I've always traded longer term charts and my other businesses also don't involve any daily maintenance, so I would just find myself a decent internet connection, hang out there for a few days while I bang out whatever it is I'm working on, then move on to a new place - usually as far away from an internet connection as I could get.

Hope this helps, and gives you some inspiration.
  • #16
  • Jul 9, 2010 10:25pm Jul 9, 2010 10:25pm
fierceman,

Thanks a lot for your sharing! You are a true round-the-world traveller trader!!!!!

Sound an exciting and interesting life experience!!

I think you are a living role model to many of us on this forum!

cheers,


Quoting fierceman
I believe I can weigh in on this topic. I dare say that I am one of the pioneers of the "travel the world with a laptop" crowd. I've traveled around the world several times while running several online businesses, trading included. I started out almost 8 years ago when I was 26, traveled extensively for almost 3 years, and then decided to more or less settle in Thailand. Although I still enjoy the odd adventure, day-to-day life in SE Asia is exciting enough without me having to go and seek out strange experiences.

Most places that I visited during...
  • #17
  • Jul 10, 2010 12:01am Jul 10, 2010 12:01am
Quoting SunTrader
"I've got hoes, in different area codes".
damn straight up round the world aw yeah thass da shit, thass f'me! I be like, coolin' at the Eiffel tower wit one a my hoes den damn, hold up baby, let me buy da funky euro, word den too much money just be pilin' up in my swiss bank account, den yo next day I be in Bangkok doin it agin, nudda hoe, nudda megapip winner aw yeah....


Takes time and commitment and humility to really be from somewhere. The travelin pimp life gets old mighty quick.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18
  • Jul 10, 2010 9:25am Jul 10, 2010 9:25am
Quoting The Fool
....Takes time and commitment and humility to really be from somewhere......

My post was as yours - tongue in cheek.

And any travelling I do is right here in the good ole USA (plenty to see)although I have been twice to the Euro zone, before there was a euro.
  • #19
  • Jul 10, 2010 12:21pm Jul 10, 2010 12:21pm
Quoting The Fool
damn straight up round the world aw yeah thass da shit, thass f'me! I be like, coolin' at the Eiffel tower wit one a my hoes den damn, hold up baby, let me buy da funky euro, word den too much money just be pilin' up in my swiss bank account, den yo next day I be in Bangkok doin it agin, nudda hoe, nudda megapip winner aw yeah....
Ho, dang, you da man ....
Nothing worth having is easy.
  • #20
  • Jul 10, 2010 4:23pm Jul 10, 2010 4:23pm
I am based in Malta which has a very attractive tax arrangement which caps tax at a very low level on worldwide income as long as it is not generated in Malta. It really is useful to pay a little tax somewhere.

I use a VPS in London with FX accounts there and also in Malta and New York. Because the trades are initiated from my VPS in London even the Maltese account fits within this remit.

Last year I spread eight months over Phuket, Jakarta, Singapore, Dubai and London. The previous year add in Manila. The rest of the time I was in Malta. And similar for the last ten years.

I always carry 2 tablet pcs - 1 as a backup which is rarely used. Really to stay in touch using inbound VOIP numbers and, of course, email. I check trading accounts sometimes daily and occasionally only a few times in a month. It really depends where I am.

The VPS also allows me to access sites which are banned in some countries. Many gambling sites for example.

I'm off to London for a couple of months on Wednesday to the Lansdowne Club - I'm English and originally from Brighton - so if any traders fancy dropping by PM me and we'll hook up.

It's a loose PT lifestyle which I like but it's not for everyone.
Do not focus on making money; focus on protecting what you have.
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