Search results

embrassed? I have seen stuff like "rent our strategies for $50 a mth and achieve financial freedom earning $4k a week instantly!" and "make 500% returns in 3 days by paying $3k for a course!" No matter how dumb it sounds, idiots will always bite. The scary thing is, i have seen many idiots...

so what is it categorised as? sorry i live in SE Asia region and over here anything chargeable by the law is called a "crime" even though the offence doesn't carry a jail sentence.

Maybe because u're a high school drop out you have no idea that when trading FX thru a bucketshop you're going up against the bucket + other clients and NOT the "biggest" in the world. 82% of traders fail to make money according to a recent tally with on the Taiwan Stock Exchange. 18%...

You're right I never handled $2mil before. The max i handled was $500,000. :( I wish I have $2mil though. :D Do note that inflation 20 years ago was much more rampant than inflation now. I don't get it. I'm comparing trading with a $2mil account for $50k a year income and keeping the...

that makes it easy. migrate to switzerland and don't pay taxes then. :eek:

If you stick to regulated exchanges, they're all the same. FX is interesting because u can go for targets of 50 ticks with 50 ticks stops. This is important because of the negative edge the spread has on smaller target trades. http://www.elitetrader.com/vb/showthread.php?s=&threadid=53586

1) China has been hyped in SE Asia as an emerging economic superpower since about 10 years ago. I wonder if they'll stop emerging 10 years from now. :p 2) China is boom town Charlie because its not saturated by brainy capitalists and filled with 1 billion people we can con. If you mass...

just those which u're wiring money back from.

not sure if i'm getting the joke here... :D

You got to be kidding. 10 times the liquidity in FX? Yeah, because u're trading directly vs the MM! FX has 1 trillion liquidity but us retails are getting $0 of that since we can't access the interbank market! No commission fee my nazukuu*. The additional fees are added onto the spread. Why...

most developers never make it pass that criteria. :eek:

$80k a year in interest would evaporate into nothing. Imagine using $2mil to generate $50k a year in trading income will do to that account. lol.

the freedom to tax, monitor and spy?

I have only one criteria: -Make money consistently

what about volatility for intra-day? say for the last 1-2 hrs.

$2MIL in those 4% p.a. FDIC insured accounts ($100k insurance per account, u might want to spread the risk) = $80k a year in interest. $80k a year in interest....why trade? Even with $1mil its $40k a year in interest. :eek:

The mathematical definition of a "fair system" is Expectancy = 0. One case of a fair system is a coin flip game (50:50) with 1:1 payout. Approaching any model with the rules of playing in a fair system is a great way to figure out your advantages/handicap without influence by luck/chance...

Trading is taxed under "Trading Income Tax" in Singapore. :( If you rake in like US$30k+ a year or more the max might be about 20% so it might still be a good deal. This law is not strictly enforced but if you definitely don't want to mess with the S'pore Govt! :D

After much calculating, i find Casinos to have better odds! :eek: Casino European Roulette Wheel betting on Black/Red = 18/37 chance to win or 48.65% winners. Casino house edge = (50 - 48.65) + (51.35 - 50) = 2.7% Now for trading. Assume the minimum 1 tick spread, 1:1 risk:reward and...

if that is true, so is Australia? Perth, Australia seems like a good place to hole up in. Low costs of living.