How to Move Overseas to Trade Forex Market

[Obelixtrader]

http://www.barchart.com/commodityfutures/Sgx_Inr/usd/profile/U-*1
http://www.barchart.com/commodityfutures/Sgx_Inr/usd/U-K16

Much higher liquidity is on DGCX exchange more than 30000 contracts a day and from last year 5.june new quanto futures but isnt for now so much liquid

why do you wanna trade USDINR futures? I don't find it much liquid. I would like to trade forex futures with other major pairs. let's change identities

not much liquid?
NSE more than 1000000 contracts a day and BSE th same thats not much liquid for you?

 

[F1 TRADER]

Much higher liquidity is on DGCX exchange more than 30000 contracts a day and from last year 5.june new quanto futures but isnt for now so much liquid


not much liquid?
NSE more than 1000000 contracts a day and BSE th same thats not much liquid for you?

I am talking about Indian currency futures. nifty is liquid market but not as much as e-mini s&p500.

 

[luisHK]

It doesn't require much capital to get a residence visa in Philippines (nor Malaysia but for this one you need to show some income as well)
Setting up your own company in UAE and getingt a residence permit there as the director costs roughly 30kusd a year, probably less if you do it through some of the less develloped emirates although I understand it's not ideal if you then plan to live in Dubai or Abu Dhabi
If you do enough volume but don't have the capital you might try to get the visa through a prop firm, one in Dubai was mentionned earlier this week in this forum, in a Dubai related thread. I have no idea about the visa conditions and associated costs through the prop firm.
There is a huge indian expat population in the UAE btw.

 

[F1 TRADER]

It doesn't require much capital to get a residence visa in Philippines (nor Malaysia but for this one you need to show some income as well)
Setting up your own company in UAE and getingt a residence permit there as the director costs roughly 30kusd a year, probably less if you do it through some of the less develloped emirates although I understand it's not ideal if you then plan to live in Dubai or Abu Dhabi
If you do enough volume but don't have the capital you might try to get the visa through a prop firm, one in Dubai was mentionned earlier this week in this forum, in a Dubai related thread. I have no idea about the visa conditions and associated costs through the prop firm.
There is a huge Indian expat population in the UAE btw.

thanks for giving such good ideas. I didn't know about prop firm. I will now look into this. please keep me telling about any good firm when it comes to your knowledge. any firm which is authorized and helps retail trader in trading.

 

[conduit]

Last I heard was that roughly 50k USD "buys" you a long-term residence visa in the Philippines. You do not have to give it away but deposit it initially upon visa application and need to then later on "invest" it in some way, you can buy property (land excluded). I do not know the details hence the quotes.

 

[F1 TRADER]

is there any other option like temporary residence visa, visa through prop trading firms in USA, UK or Dubai.

 

[i960]

is there any other option like temporary residence visa, visa through prop trading firms in USA, UK or Dubai.

Why don't you just trade Indian futures markets if you're looking for something to trade? That's one advantage you do actually have - as non-Indians cannot touch those.

 

[F1 TRADER]

Why don't you just trade Indian futures markets if you're looking for something to trade? That's one advantage you do actually have - as non-Indians cannot touch those.

I want to trade Forex market and e-mini futures. Forex is not legal to trade. I only find Indian commodity market good to trade but it has few opportunity and I have to stick to computer for more than 12 hours to find a trade. if you see charts you will realize this.

 

[Obelixtrader]

Why don't you just trade Indian futures markets if you're looking for something to trade? That's one advantage you do actually have - as non-Indians cannot touch those.

F1 TRADER you have very liquid FX curency futures (USDINR) and Nifty 50 futures has also very good liquidity as E-mini Dow futures but i understand you is the same like by me I have access to non-INR futures pairs have access to US and EU equity index futures but they arent so interresting for me and I would like to trade USDINR Futures and i cant for some restriction. Only (Foreign Portoflio Investors) can trade in India.

 

[luisHK]

You can also set a up a corporation somewhere and trade through it while staying in India. UAE works for that as well. Cost is a couple( up to a few) of thousand a year for the offshore UAE corporation than bank expenses but from what I heard you will probably need to fly to UAE a couple of times to set it up, especially to have the bank account run in good order.
All this requires a minimum of capital though, if you are way undercapitalised it's probably not worth the hassle