Hello,
Before anyone bounce on me please note that I am not a commercial member and I am not looking for investors or other people money.
I have developed an unique scalping system and have been testing on a demo account for last 1 month. The method is simply cutting the losers and adding with the winners with a co-related hedging. The equity curve of this method will look like a major up trend with regular retracements. The method will work best with an ECN Broker where the spreads are very low, because the average trade pips is around 2 only.
The reason for my posting here is that I reside in India and we are not allowed to trade forex as an individual, we can't send/receive money for trading forex. At the same time we can send money abroad for investments. As the regulators are very strict in resent times, it is becoming hard for an Indian to trade forex, and people still trade using paypal, netteller, etc. It is hard for me to just live off forex, as I have developed a profitable trading system and also I have spent almost 10000+ hrs of screen time all these years.
So, I thought of opening a proprietary trading firm in abroad where forex is legal and encouraged. Now, I am looking for a genuine person who is willing to open a proprietary trading firm in their country, I being one of the foreign share holding director, preferably in Singapore, UAE, or any other place where the capital gain tax are normal. Once the company is set for trading, we both can trade this method on a shift basis and make it big in a short time.
I am not sure whether the above is technically possible, but I thought nothing harm to ask.
Thanks.
Edit: The expenses for the formation will be shared by both parties, and the paid up capital can be allocated as per understanding.
ps: I know the results are only 7 days old (including 2 holidays), and I am convinced it will work on a long run.
Before anyone bounce on me please note that I am not a commercial member and I am not looking for investors or other people money.
I have developed an unique scalping system and have been testing on a demo account for last 1 month. The method is simply cutting the losers and adding with the winners with a co-related hedging. The equity curve of this method will look like a major up trend with regular retracements. The method will work best with an ECN Broker where the spreads are very low, because the average trade pips is around 2 only.
The reason for my posting here is that I reside in India and we are not allowed to trade forex as an individual, we can't send/receive money for trading forex. At the same time we can send money abroad for investments. As the regulators are very strict in resent times, it is becoming hard for an Indian to trade forex, and people still trade using paypal, netteller, etc. It is hard for me to just live off forex, as I have developed a profitable trading system and also I have spent almost 10000+ hrs of screen time all these years.
So, I thought of opening a proprietary trading firm in abroad where forex is legal and encouraged. Now, I am looking for a genuine person who is willing to open a proprietary trading firm in their country, I being one of the foreign share holding director, preferably in Singapore, UAE, or any other place where the capital gain tax are normal. Once the company is set for trading, we both can trade this method on a shift basis and make it big in a short time.
I am not sure whether the above is technically possible, but I thought nothing harm to ask.
Thanks.
Edit: The expenses for the formation will be shared by both parties, and the paid up capital can be allocated as per understanding.
ps: I know the results are only 7 days old (including 2 holidays), and I am convinced it will work on a long run.
Weigh well output the loss and gain And proper action ascertain
