I play with the thought to live in the USA right now i enjoy the time difference between Germany and US stock market very much. Because i can trade at afternoon, which is for me a very productive time phase. I just like to sleep long.
Therefore i would like to know if anybody trades japanese stocks.
Basically i have two questions:
Which broker to use.
Which datafeed delivers realtime quotes of japanese stocks.
I'm researching for similar data - I am a UK national but based in Thailand, and looking at the practicalities of trading various global markets that provide better liquidity than Thailand / Singapore, whilst considering time differences, commission charges, broker coverage, data availability/costs - and in my view most importantly, capital gains tax.
I am in the process of opening an account with Interactive Brokers. They cover the TSE and you can pay JPY 300 per month for the data (non-pro rate). Flat rate commission charges are 0.08% of trade value, minimum JPY 80.
Do you by any chance know the capital gains position for non-residents that trade TSE remotely? I have searched around a fair bit but have not found anything clear. The best I came across was a statement that "non-resident or non-permanent resident is only required to pay capital gains tax on income received in Japan" (from angloinfo expat site - hardly authoritative, I know!). I'm not sure if a gain made trading on the TSE would be viewed as being "income received in Japan". Any ideas / further info?
Indeed I can trade japanese stocks by using IB as an broker.
But maybe there is a better choice especially in case to reduced fees.
I would like to day trade those stocks, therefore I am searching good advise which
datafeed to use. Because IB will maybe just deliver compressed tick data, for trading
I just prefer real tick data.
Do anybody know where to get real tick data for the japanese stock market.
barchart seems to only deliver US stocks the same is true with IQFeed and esignal is in my opinion
Many thanks for the prompt reply on the CGT query which I posted in relation to Japan but actually, am in the process of researching globally. I noticed that we are in the same wonderful city - I'm working for a UK company here as an accountant (used to work for the Big 4 in London, then Big 4 in Bangkok, now UK company's Asia HQ in Bangkok) but have decided to pack it in and trade for a living, starting - well now, but working until the end of Sept. A big jump but one that I feel will go well.
I see from your signature that you have a lot of knowledge in this area - what markets do you trade from Thailand? I see you use Ninja - and references to TWS so perhaps IB as a broker - do you also get your data from IB?