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IB opened an account with no problem. Problem is only for north koreans and mass murderers. heh. IB as a US company is not responsible for reporting taxes on non US residents. You're right about taxes. Paying taxes here puts you in the crosshairs of politicians, mobsters and corrupt bureaucrats...

Nothing but a simple definition of humanity:p

No. You could say my learning phase was nearly 4 to 5 years before i went down with a serious committment. :)

by trading EURUSD and eminis. The reason I broke that 3rd world ceiling was by having nothing to do with those countries and the markets. As to how I got started .... Well when i was 17 while surfing the web I discovered something called "forex trading" :D So i open a 300 buck account at one...

that can't be it. schneider shifted clearing to newedge well before MF went down.

Nearly vomited when I saw that one.. hehe.. it's going to take these new money arabs many generations to develop anything resembling decency or sophistication...

Yep. Gotta stay focused for those next zeros and not get too comfy.

Yes. Dubai seems most reasonable so far. Plus the added attraction of a home visit an hour's flight away. I suppose i'd have to visit soon to gauge the quality of those dubai arcades and whether they are professional and safe enough

Not to mention I've only been in this game for more than 2and a half years and am much younger than you probably think I am. Hence looking for general advice from experienced hands to get a feel for what I'm about to getting into.

Sometimes bouncing ideas of other people is quite helpful, as I did find this exercise quite informative. And as a correction i just discovered on google that the US top 1% if $350000. In that case I'm a top 5 percenter:D (smiles sheepishly) I concur with you on the need for a professional law...

By the way do any of you guys know anyone on this forum who is involved with or has dealt with the Dubai professional trading group? I did post a new thread on questions regarding them but no replies so far. The only mention I find on the internet is that the founder was a former head of risk...

I really appreciate your advice Cutten. If only the US was a flight away. Due to the "loving" relationship between the US and Paki governments a measly tourist visa would take me 6 months. hehe. If i can gain the trust that the dubai prop shop is a solid operation it would be my best option...

I really appreciate your advice. If only the US was a flight away. Due to the "loving" relationship between the US and Paki governments a measly tourist visa would take me 6 months. hehe. If i can gain the trust that the dubai prop shop is a solid operation it would be my best option for...

I was quoting a general anecdote buddy. My own situation is much better thankfully. Probably puts me in the top 2(or 1) percent of the G7.

No inside scoop but i think it's just industry consolidation. Only the bigger props would survive. besides the manual scalping that they used to rely on is basically dead in the face of HFT. Having to rely only on commissions and not prop trading must be taking a toll on the smaller shops. I...

For now I'm quite alright here, other than the power outages the internet companies are very professional here but there are a few problems on the horizon: 1. Trigger happy money printing by the central bank causing runaway inflation... I am thinking its going argentina style corralito. 2...

I mostly trade the 1 to 3 swings that happen within the day in the 3 mkts i trade. Mostly intraday directional, on occassion holding overnight. i average 300 pips more or less in the euro , slightly less than 200 ticks in the ES, and am fairly new to fesx to compile reliable stats. As to how...

Anybody here trading at the place? If so I would like to ask: 1. I trade CME and eurex, and FX. Do they have a spot fx offering? Is their FX offering any good(compared to IB). 2. Are the exchange and internet connections solid and low latency? 3. Financially sound, ethical and...

interesting. hadn't thought of russia or eastern europe. :D

Interesting inputs from all you guys. At this point I am no particular hurry but it's about keeping options open if things turn for the worse. I'm also looking at turkey right now. Anybody who buys an apartment there is eligible for a residence visa. Seemingly decent apartments for decent...