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Best place in the world to trade from?

  • #601
  • May 2, 2013 3:00am May 2, 2013 3:00am
Live in Dubai - its safe, beautiful and tax free and very safe
  • #602
  • May 2, 2013 3:43am May 2, 2013 3:43am
anyone heard from OP fx Richard?
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #603
  • May 2, 2013 4:37am May 2, 2013 4:37am
Quoting Feefee
Live in Dubai - its safe, beautiful and tax free and very safe
and what can you do there, except beaches and shopping sprees? There is nothing there, just a desert.
  • #604
  • May 2, 2013 5:35am May 2, 2013 5:35am
Quoting Feefee
Live in Dubai - its safe, beautiful and tax free and very safe
Safe, yes. Tax free, yes. Beautiful??? I wouldn't call it beautiful. Venice is beautiful...Paris is beautiful...Hanoi is beautiful...but Dubai? Definitely not. It's concrete and sand for crying out loud

I've worked out of Dubai, Abu Dhabi, Saudi Arabia, Bahrain and tons of other places in the Middle East. It's great fun and amazing to socialise with other expats...but after a few months/years, you realise it's all about shopping, money, and meeting up at hotel bars. Gets boring pretty quickly.

You also have questionable human rights (torture for example) and restricted free speech.

Not dissing Dubai, like I said, it's a fun place...but it's definitely not the perfect place to trade from

As for Singapore, Hong Kong is soooooooo much more fun. I always considered Singapore fairly boring after the first 2-3 weeks there. Bangkok is a ton more fun too...and Thai people are one of the friendliest people I ever met (apart from them calling you "white devil").
  • #605
  • May 2, 2013 6:11am May 2, 2013 6:11am
Quoting xelaar
{quote} and what can you do there, except beaches and shopping sprees? There is nothing there, just a desert.
Not to mention the 30 Degrees Celsius during winter and 50 - 55 Degrees during summer outside.
Master Your Setup, Master Your self. (NQoos)
  • #606
  • May 2, 2013 8:33am May 2, 2013 8:33am
I vouch for Asian countries that speak English .
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #607
  • May 2, 2013 8:41am May 2, 2013 8:41am
Quoting pemully
I vouch for Asian countries that speak English .
Do you live in one of them?
  • #608
  • May 2, 2013 11:08am May 2, 2013 11:08am
Well the reason I said Dubai is this, yes it hot, but only in the Summer for which we go away as it is easy to travel anywhere from here, most flights are between 8 - 10 hours

Personally I love it, you cannot compare the world class facilities that you have here with most places especially Europe. For me I love it, my kids are safe, I get luxury lifestyle, can travel around the world and not to mention the high net worth individuals I get to invest as I am an account manager

Different strokes for different folks hey
  • #609
  • May 2, 2013 2:05pm May 2, 2013 2:05pm
Quoting 4exNinja
{quote} Safe, yes. Tax free, yes. Beautiful??? I wouldn't call it beautiful. Venice is beautiful...Paris is beautiful...Hanoi is beautiful...but Dubai? Definitely not. It's concrete and sand for crying out loud I've worked out of Dubai, Abu Dhabi, Saudi Arabia, Bahrain and tons of other places in the Middle East. It's great fun and amazing to socialise with other expats...but after a few months/years, you realise it's all about shopping, money, and meeting up at hotel bars. Gets boring pretty quickly. You also have questionable human rights (torture...
Thai people don't call anybody "white devils"' I think you're getting them mixed up with the Japanese or Chinese. As for Singapore, it was a one party state with a rather dictatorial approach to lawmaking the last time I checked. Not sure why anybody would think it was a great place to live...unless they are not keen on democracy I suppose.
  • #610
  • May 2, 2013 4:40pm May 2, 2013 4:40pm
Quoting SatchFan
{quote} How many times have you been there?
Zero times so far but DEFINITELY on my list of countries to visit.

Quoting SatchFan
{quote}How hard is it to become a citizen? Etc...
Not sure but wouldn't mind becoming a citizen there. No tax on capital gains!!!
Make your losses in demo. Earn your profits live.
  • #611
  • May 2, 2013 4:44pm May 2, 2013 4:44pm
Quoting bassramy
{quote} Not to mention the 30 Degrees Celsius during winter and 50 - 55 Degrees during summer outside.
30 degrees in WINTER???!!!! OMG!! We scream for air conditioners when it's less than 30 degrees in SUMMER and that's with tank tops on!!!
Make your losses in demo. Earn your profits live.
  • #612
  • May 2, 2013 4:53pm May 2, 2013 4:53pm
Quoting xelaar
{quote} Love the fact they put you in prison for graffiti, and fine sky high for spitting and sticking gum, why on Earth civilized person would do that?
I agree. WHY would somebody want to put ugly permanent black paints on beautiful buildings and architectural structures is something that I will never understand. Glad Singapore has such tough laws to deal with those messed up idiots. I wish they have the same law here. I am liking Singapore more and more with every single of your comment.

How close is Singapore to Macau? I have relatives living in Macau. If I move there, that's one more place I can get away to.
Make your losses in demo. Earn your profits live.
  • #613
  • May 2, 2013 9:57pm May 2, 2013 9:57pm
Quoting ukmanthailan
{quote} Thai people don't call anybody "white devils"' I think you're getting them mixed up with the Japanese or Chinese. As for Singapore, it was a one party state with a rather dictatorial approach to lawmaking the last time I checked. Not sure why anybody would think it was a great place to live...unless they are not keen on democracy I suppose.
Actually Singapore is parliamentary republic with a Westminster system of unicameral parliamentary government representing constituents. Its constitution establishes representative democracy as its political system. Executive power rests with the Cabinet, led by the Prime Minister, and the President. The president is elected through popular vote, and has some veto powers for a few key decisions such as the use of the national reserves and the appointment of judges, but otherwise occupies a ceremonial post. Its system is pretty similiar to the British parliamentary system in which the Parliament serves as the legislative branch of government. Members of Parliament (MPs) consist of elected, non-constituency and nominated members. Elected MPs are voted into parliament on a "first-past-the-post" (plurality) basis and represent either single-member or group-representation constituencies. In terms of political parties, Singapore is a unitary multiparty parliamentary republic. Where did you see that it's a one-party state?

The Singapore government has a clean, corruption-free image. Singapore has consistently been rated as the least-corrupt country in Asia and amongst the top ten cleanest in the world by Transparency International. Not sure why wouldn't anybody want to live there.

Source: Wikipedia.org
Make your losses in demo. Earn your profits live.
  • #614
  • May 3, 2013 1:00am May 3, 2013 1:00am
i live in Singapore, for 14 years...

1. capital gain tax is 0%.
2. crime is close to 0%.
3. cost of living is not that high. if you compare it with Japanese cities, HK or even some major Chinese cities.
4. educated people speak in better English, the rest speak in Singlish a mixture of chinese dialects, malay and English, which is understandable.
5. clean, garden city state.
6. government is efficient and nearly 0 corruption.
7. politically, one party is dominant, but i would like to thank to that fact.
8. school education is quite ok, bilingual, Chinese and English, if you want your kid to learn Mandarin Chinese. Jim Rogers is here too.
9. Asian hub, closer to Thailand (2 hours flight to BKK), HK & Macau (4 hours flight), Malaysia (1 hour+ flight to KL).
10. drug traffic is death penalty.
11. alcohol & tobacco are expensive, good to help you quit them if you want.
12. no chewing gum.

quite a good place if you are open minded.
  • #615
  • Edited 2:12am May 3, 2013 2:02am | Edited 2:12am
While most of the positive comments on Singapore are correct, shouldn't trading FX during the highest liquidity period(London hours) be the top priority?
To trade London hours in SG, you will have to be active around 3-4pm to 12-1am singapore time(GMT+8). Trading New York hours is even tougher as you need to sacrifice sleep. This means that you will not have time for your family & friends on weekdays... to me, this is a really huge trade off.

I will vote for a place within GMT to GMT+4 time zone.
  • #616
  • May 3, 2013 4:49am May 3, 2013 4:49am
Quoting Yasumimasu
While most of the positive comments on Singapore are correct, shouldn't trading FX during the highest liquidity period(London hours) be the top priority? To trade London hours in SG, you will have to be active around 3-4pm to 12-1am singapore time(GMT+8). Trading New York hours is even tougher as you need to sacrifice sleep. This means that you will not have time for your family & friends on weekdays... to me, this is a really huge trade off. I will vote for a place within GMT to GMT+4 time zone.
you are correct about timezones. I live in sydney and cannot trade that period. I could but too hard.

however, if you go longer swings 24 hrs +, its just fine. also things are definitely moving to asian zone. this will continue as eu & us losing against asia and better opportunities are & more will be available in asia. edges to be developed are in asia zone.
  • #617
  • May 3, 2013 5:28am May 3, 2013 5:28am
Oh yea thats another thing about being based in Dubai is the Timezone - I get up at 10 am and London open is my time 11 am - NY open around 4 so Im cool , living the life of a full time trader )
  • #618
  • May 3, 2013 7:29am May 3, 2013 7:29am
As an Indonesian working/living in Singapore, I would want to live somewhere where I can enjoy the fruits of my work i.e. my money.

Some facts about living in Singapore (let's take the government out of the equation since we are talking about enjoying our money):
1. No capital gain. (see #10 below)
2. Low crime.
3. Warmest months Mar - June, 34 degrees C.
4. Coolest months Nov - Dec, 31 - 32 degrees C.
5. All year round humidity - mid to high 90% all year.
6. Good city life (bars/pubs). A pint of beer (non-happy hour) costs USD10, up.
7. Food - vast variety, Asian, Norht/South American, European, Mediterranean, Middle Eastern...
8. Entertainment - movies (lots), cultural shows, concerts (both limited)... that's all I can think of.
9. High speed internet (just don't get ADSL from the red telco). They have fiber now.
10. Trading, if it is the only source of income, is taxable. It's up to individual to declare. (tax rate capped at 22% of total income)
11. High housing cost (USD300K for public housing (high rise) as small as 60 square metres. For private condominiums, nothing less than USD500K for the same size).
12. High transportation cost. USD80K-USD125K for a Toyota Camry anyone? And you only get to drive it for 10 years. After which you have to get another car or pay for "renewal usage", depending on what is the "renewal fee" by then.
13. I think the term "garden city" is overrated just because there are more trees planted along the roads. In terms of actual greens that one can go to, it's extremely limited. I have yet to find a "park" where my family and I can really enjoy without bumping into other people.

Personally I like the outdoors and vast personal space. I would go for Melbourne suburbs/Cairns in Australia, Penang in Malaysia, Hong Kong (I know there's pollution but compare to the other things I can get, I just love the place), Chiang Mai/huahin in Thailand, various cities in Taiwan.
  • #619
  • May 3, 2013 7:30am May 3, 2013 7:30am
Quoting zxdtrader
i live in Singapore, for 14 years... 1. capital gain tax is 0%. 2. crime is close to 0%. 3. cost of living is not that high. if you compare it with Japanese cities, HK or even some major Chinese cities. 4. educated people speak in better English, the rest speak in Singlish a mixture of chinese dialects, malay and English, which is understandable. 5. clean, garden city state. 6. government is efficient and nearly 0 corruption. 7. politically, one party is dominant, but i would like to thank to that fact. 8. school education is quite ok, bilingual,...
No chewing gum but you can smoke! What such ridiculous rules
  • #620
  • Edited 10:04am May 3, 2013 9:38am | Edited 10:04am
Quoting zxdtrader
i live in Singapore, for 14 years... 1. capital gain tax is 0%. 2. crime is close to 0%. 3. cost of living is not that high. if you compare it with Japanese cities, HK or even some major Chinese cities. 4. educated people speak in better English, the rest speak in Singlish a mixture of chinese dialects, malay and English, which is understandable. 5. clean, garden city state. 6. government is efficient and nearly 0 corruption. 7. politically, one party is dominant, but i would like to thank to that fact. 8. school education is quite ok, bilingual,...
Is it hard to find a place to stay for just part of a year? I am thinking of just staying in Singapore for a few months to start off with just to get used to the place. I LOVE everything about Singapore so far especially the perfect timezone for trading. I can sleep in in the morning and still catch the active European market in the afternoon and the Euro/North American overlap market in the evening starting at 8:00 PM until 11:00 PM. Don't really need to stay up after 11:00 PM really as the North American market after 11:00 PM (11:00 AM EST) is really DEAD unless for FOMC announcement and rate decision days. So for me, Singapore's GMT+8 timezone is ABSOLUTELY perfect!!! I heard Singapore rains in the afternoon and in the evening pretty much everyday so I willl just go out and do my shopping and enjoy the city in the morning (when I am not sleeping in) when the sun is out and then stay home and trade in the afternnon and the evening!! AND if I REALLY WANT, I can still get up in the morning and trade the Asian market!!! THREE active markets during the day and the quietest market when I sleep. Does it get any better than that??? Now that's a timezone MADE for full-time trading!!

Is it easy for a North American to find a job and immigrate to Singapore now? I know Singapore used to encourage immigration do they still do that now?

Thanks
Make your losses in demo. Earn your profits live.
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