Search results

I have recently been in the exact same situation as you. I was a successful trader who wanted to start a hedge fund. I am now in the final stage, all legal work complete, and in the process of raising capital. yes, you can trade your own account on the side, that is legal. Here are...

I was told one month, but was then told it takes longer because I was not American. The FBI check took longer. But I think post 9-11, everyone can expect to wait longer.

You don't need sponsorship to TAKE the exam. But when you wantto registered with the NFA after having passed the exam, THEN you need sponsorship UNLESS you start your own firm. That is my experience. Took the exam. Passed. Created my own company. Applied to NFA. Waited 3 months. Got...

I don't have either of these in Canada. I cashed out what little RSP I had at one point to create more capital to trade with, it seemed a better use of the money. As for CPP, I only worked for a company for 2 years, so I wouldn't have much claim. But I don't think its an issue for you. I am...

OK, I will try to address some of these points. My attitude is that I no longer live in Canada, and will not be returning to Canada. I have no assets of any kind in canada, and no ties to canada. They have all been cut. I rent an residence full time in Bahamas, have cut up my health card and...

Canadians are taxed on their residency, not on their citizenship like an American would be. I could make $100 million per year tax free as long as I am a non-resident of Canada. But its not that simple. To truly be considered non-resident of Canada for tax purposes, you have to be...

There is extensive bahamas info (458 posts) in this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=9822 Living expenses are high, but you pay no tax. If you make only $20,000 a year, you better stay home. If you make $100,000 plus a year pack your bags. Basically...

Bahamas seem to be best solution for non-US citizens. That is why I moved to Freeport, Bahamas.

I assume you are referring to my lawyer? He is Terrance Gape of "Dupuch & Turnquest & Co." located in Chancery House, PO Box 424578 in Freeport Bahamas often doesn't have street numbers, but its located at northeast corner of East Mall Drive & Explorers Way tel: 242-352-8134...

There are no hard rules for what is required, I have applied but that does not mean I will be approved. Things that are required are: - document must be filed by a Bahamian lawyer - must have a police report showing clean record - must have health certificate less than 30 days old - 2...

First of all, a canadian does not need a visa to visit Bahamas, all I need is a passport. technically, you are supposed to have return transportation out of the bahamas on a SPECIFIC DATE already booked before you enter bahamas. I always do, but I have never been asked to prove it by bahamas...

When you start living in Bahamas, you soon realize the rules are "made to be broken". Forget about what you read on government websites, talk to people that live there and get the "real story" of how things work. Forget the visa, you don't need it. As a US citizen, you can go there for 8...

I just looked around for a place in December, and like anywhere, you get what you pay for. And if you want to be on the water, you will pay a lot. To get an idea of costs, I stayed for 10 days at Port Of Call Villas in December (this is where Metooxx also lives). My 2 bedroom unit was...

My last 3 brokers were JPR Capital, E-local and currently I'm with Fasttrade. I recommend all of them, they were all very helpful, reliable and economical as far as I was concerened. And they take Canadian accounts no problem. I used JPR when I was trading index tracking stocks (QQQ)...

This is not quite accurate. You can stay in the USA for a certain number of days as a "tourist" without having to file with the IRS. The limit I think is 182 days in any one year, and 120 days average per year on some mathemetical 3 year rolling calculation. That is why I live in bahamas...

I don't need one, since I am technically considered "retired" and I am just managing my own personal investments. I just count the number of days I spend in the USA and make sure I don't exceed the minit.

I used to trade from Brantford, now I trade from South Beach (Miami) and Freeport, Bahamas. And even on the days I lose, hey, it beats shovelling snow. yes, I realize I should change my username....... bob

I posted on this exact subject a few months ago, and at the time pointed out the market no longer "gaps open". Whereas the NQ used to open several percent above or below where it closed the day before, it no longer does that, normally opening in almost exactly the same spot it closed the night...

I just moved to Freeport 2 months ago, much thanks to metooxx for showing me around town when I first got here. I am renting a duplex house here 2 minutes walk to the beach. I am not looking for any room-mates, but am happy to talk with other traders. And if you come to Bahamas, we could of...

Amazing numbers when you think about it. That is an average of 1580 contracts trading per minute in 2003, for every minute, every day of the year. That means those contracts have an underlying dollar value representing about $89 million per minute. That's a whole lot of money moving around.