Trading in Thailand

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FireWalker

I live in the US, but am considering moving there to trade. I figure $25K converts to 1 million baht and the cost of living estimates I've seen equates this to about $100,000 in the US. Enough to live on for a couple of years while you perfect your craft. Plus.. beaches.. asian women.. and trading the ES at night sounds perfect.

Is anyone else thinking about this? Or doing this? Are there prop firms there or just loose groups of traders in Bangkok who would be interested in sharing office expenses/data feeds etc.?

Wondering if this is really viable.
 
FireWalker> Is anyone else thinking about this?
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FireWalker you should do OK. You can get service on your Porsche in Bangkok. A lot of course depends on how you trade. Last time I was in Thailand I figured that if I could trade using the Internet it would be easy to trade from down there. So, it depends on what you need as a crutch.

Laos-eco-bombboats2.jpg
Don’t get the idea that its cheap to live in Thailand. It has to cost three times as much as Bali. Everything you want that has to be imported, probably has about a 150% tax added on.

Here are a few quotes from memory!
 
Quote from BKKTrader:

It is great in Thailand. If you don't like waking up early, you are in heaven here. The beaches are very close for enjoyment on the weekends. The night life is great in the city here in Bangkok. I will answer some of your questions:

>Are you trading US markets?

Yes, we are trading US markets. We are trading with Generic Trading.

>Do the phone/internet lines ever go out of service?

Never had it happen. However, we do have a back-up internet line just in case.

>Are there Internet Cafe's or places tourists can check email?

Yes, there are internet cafes every block and a 7-11 every two blocks.

>How do time zones effect your trading?

We love trading at night. The hours currently are 7:30pm to 3am. Most of us sleep right after getting home and wake up about 10-11am.

Thailand offers so many wonderful locations to visit on the weekend. The cost is very inexpensive. You can book seaview hotel room in Phuket now for $30. And Bangkok is very cheap to live with an apartment costing about $150 a month and your evening meal about $1 to $2 for some great Thai food. You can take a taxi about 1 mile for $1. My average taxi ride is $1.50 so there is no need for a car. Life is very good. However, it is a city of about 6-7 million so don't forget the pollution. You cannot have everything!

Come visit sometime!
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BKKTrader
Registered: May 2003
post 05-11-03 08:44 AM

Quote from BKKTrader:

Hey Error 404,
If you want to trade while in Bangkok, you are welcome to visit our trading floor and use a computer. We are a group of traders here in the heart of Bangkok. We use a 512k ADSL line. Our trading hours are 8:30pm to 3:00am. Send me an e-mail if you are interested.
More...
 
Quote from FireWalker:

I live in the US, but am considering moving there to trade. I figure $25K converts to 1 million baht and the cost of living estimates I've seen equates this to about $100,000 in the US. Enough to live on for a couple of years while you perfect your craft. Plus.. beaches.. asian women.. and trading the ES at night sounds perfect.

Is anyone else thinking about this? Or doing this? Are there prop firms there or just loose groups of traders in Bangkok who would be interested in sharing office expenses/data feeds etc.?

Wondering if this is really viable.
More...

Thailand is like my second home and i spent 35% in
bangkok and 65% in Dubai, of my living. I intend to
do just opposite the next year.

I believe you can have decent life in BKK for Bhat40K
($1K) a month and $1.5k a monthe if you need to have
party everyday also.

I consider trading US market in BKK a total joke. I have
done it and it's very painfull to trade at night, unless you
are a big time geek.

I usally receive many PM from ET members, and i realy
recommand them choosing thailand, as your brain can
stays fresh for trading always. I think you know what
i mean.

Whats your aim for seting up an office, why not trade
from your apartment. Is it the trading enviroment and
other traders knowledge is what you also seeking?
 
Quote from Baruch:

Where in Asia is it cheapest to live (and trade)? Don't mention Afghanistan...
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If you are single without agrument, it's Thailand.
If you are married, there are many alternative
depand on your test
 
Quote from -ooO-(GoldTrade:

FireWalker you should do OK. You can get service on your Porsche in Bangkok. A lot of course depends on how you trade. Last time I was in Thailand I figured that if I could trade using the Internet it would be easy to trade from down there. So, it depends on what you need as a crutch.

Laos-eco-bombboats2.jpg
Don’t get the idea that its cheap to live in Thailand. It has to cost three times as much as Bali. Everything you want that has to be imported, probably has about a 150% tax added on.

Here are a few quotes from memory!
More...

Bali? How long before you get bored. Actually not much to do
there and see there.

Thailand can be very cheap if you know where to stay, eat
and enjoy. Some naive guys spend 3 time what i spent

Btw what are the most things that have to be imported?
 
Quote from -ooO-(GoldTrade:

BKKTrader
Registered: May 2003
post 05-11-03 08:44 AM
More...

I met this guy last time. Nice and helpfull guy. He traded
US market with bunch of other thai traders, but i was
not impressed on what they were doing
 
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