Why not just trade what is legal in your country, learn that market, rather than try to skirt around with all these deceptive moves?
How to live and trade offshore (Singapore, etc)?
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Why not just trade what is legal in your country, learn that market, rather than try to skirt around with all these deceptive moves?
One easy way around this is to simply not live in that country anymore. Relocate to a new a country and operate through there.
You could opt to simply move from country to country every few months so you would not need a work visa nor be tax complaint. Your ability to move around is limited by your nationality (which I do not know). But for example, for G7 nationals, it's very easy to move around Asia (or the world) and continue trading.
Another option is to set up an off-shore company and trade through that. Although I do not know the law in your country (if it is restricted to be done by a person in the country even if its through an off-shore entity)?
Finally, if you are concerned about moving around too much, you could simply establish a bon a fide trading company in another country and then go live there. Where you would be allowed to do this, I do not know (restricted by your nationality).
If all of these options are too expensive or impractical for one reason or another, then you may simply have to consider alternative trading strategies.
You could opt to simply move from country to country every few months so you would not need a work visa nor be tax complaint. Your ability to move around is limited by your nationality (which I do not know). But for example, for G7 nationals, it's very easy to move around Asia (or the world) and continue trading.
Another option is to set up an off-shore company and trade through that. Although I do not know the law in your country (if it is restricted to be done by a person in the country even if its through an off-shore entity)?
Finally, if you are concerned about moving around too much, you could simply establish a bon a fide trading company in another country and then go live there. Where you would be allowed to do this, I do not know (restricted by your nationality).
If all of these options are too expensive or impractical for one reason or another, then you may simply have to consider alternative trading strategies.
I shall look into options, although I am not familiar yet.
P.S.
I should look into options because it gives me more security, protected from black swan events, which I am very afraid of since I hold my positions for weeks.
Also, as of now, I am still growing my capital and the margin is not enough to trade futures in diverse at one time. I think options is the best option for me.
Just a few minor points:
Not all options are safe (naked puts or naked calls can be dangerous)
If you are growing capital you may wish to avoid highly leveraged trading strategies that can easily wipe out your entire capital. It might be safest to take the bulk of your assets and invest in safe simple stocks. And perhaps with the equivalent of 5-10% of your portfolio practice with the more leveraged/risky trading strategies.
Not all options are safe (naked puts or naked calls can be dangerous)
If you are growing capital you may wish to avoid highly leveraged trading strategies that can easily wipe out your entire capital. It might be safest to take the bulk of your assets and invest in safe simple stocks. And perhaps with the equivalent of 5-10% of your portfolio practice with the more leveraged/risky trading strategies.
You still need to grow your capital before trading futures, but you already want to get a residency in Singapore as an entrepreneur/investor/trader ?!?