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Where in the world would you trade? Relocating or pursuing a semi-nomadic lifestyle.
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Where in the world would you trade? Relocating or pursuing a semi-nomadic lifestyle.

  #1 (permalink)
Oslo Norway
 
Trading Experience: Intermediate
Platform: NT8
Favorite Futures: ES
 
Posts: 85 since Aug 2018
Thanks: 86 given, 57 received

Where in the world would you trade? Relocating or pursuing a semi-nomadic lifestyle.

Hi all,

The lure of being able to be geographically independent is a big part of what motivated me to pursue trading in the first place. This fall, it seems like I might have the chance to at least try that for a while or even longer if things turn out well.

My current lease will expire in July meaning I'll have to move anyway. I've also left my job to pursue trading full-time. So, with living expenses being what they are in Norway and also being a bit tired of living in this city at the moment, I've considered actually relocating to another country for a while.

I don't imagine moving around a lot due to the nature of our work, but perhaps staying in the same place for a month at a time or more permanently if life turns out to be good there.

Has anyone done anything similar? If so - any places to recommend or other advice that can be useful? I day trade US index futures, so time zone is an issue. Thailand seems to be popular for 'digital nomads', but the time zone might be a problem.

Considering the cost of living in Norway and a desire to reduce expenses while trying to make it as a full-time trader, it might even be an advantage to be living outside Norway for a while.

Thanks in advance for any pointers or advice.

Howard

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
Quebec
 
Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
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trendisyourfriend's Avatar
 
Posts: 3,852 since Oct 2009
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Google search:
https://internationalliving.com/the-cheapest-places-in-the-world-to-live/

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  #4 (permalink)
Legendary Market Wizard
Columbus OHIO
 
Trading Experience: Intermediate
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Broker/Data: NinjaTrader Brokerage
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MiniP's Avatar
 
Posts: 858 since May 2017
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Florida, great weather and in the right time zone


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  #5 (permalink)
Tallinn Estonia
 
Trading Experience: Master
Platform: MT5,MT4
Broker/Data: FP markets
Favorite Futures: Forex
 
Posts: 42 since Dec 2018
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Lisbon

easy:

apply for a "NHR" status in Lisbon http://nonhabitualresidents.com
with a "E-Residency" and Company in Estonia https://medium.com/e-residency-blog/heres-how-you-can-create-an-eu-company-with-eu-banking-anywhere-on-earth-cbba47386489


difficult :
I traveled to more than 100 Countries and my dream-country is Mauritius: 50 scuba diving center and best location for Offshore-banking . However it is difficult to get the Resident Permit.

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  #6 (permalink)
Tallinn Estonia
 
Trading Experience: Master
Platform: MT5,MT4
Broker/Data: FP markets
Favorite Futures: Forex
 
Posts: 42 since Dec 2018
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Capital Gain Tax

check with Capital Gain Tax https://en.wikipedia.org/wiki/Capital_gains_tax
please note that some countries like Malaysia or Singapore will see you as a trader!

I quote:
"For who does trading professionally (buying and selling securities frequently to obtain an income for living) as "traders", this will be considered income subject to personal income tax rates."

a nice project is maybe
https://fortgalt.com
the first 3 to 6 years are tax free in Chile

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  #7 (permalink)
Nearest City + State/Country
 
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Howard Roark View Post
I day trade US index futures

US east coast.

If it helps, the worst trading I every did was during the periods when I was relocating to other countries (I've had 4 major moves). And that was 100% mechanical system trading. Yet the instability still managed to screw up my game every-time. Next time, I'll just stop trading for 3 weeks.

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  #8 (permalink)
Oslo Norway
 
Trading Experience: Intermediate
Platform: NT8
Favorite Futures: ES
 
Posts: 85 since Aug 2018
Thanks: 86 given, 57 received


apac View Post
US east coast.

If it helps, the worst trading I every did was during the periods when I was relocating to other countries (I've had 4 major moves). And that was 100% mechanical system trading. Yet the instability still managed to screw up my game every-time. Next time, I'll just stop trading for 3 weeks.

Allright.

How about Tokyo, Japan?

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  #9 (permalink)
Nearest City + State/Country
 
Trading Experience: None
 
Posts: 29 since Mar 2019
Thanks: 1 given, 18 received

Tokyo is east Asia, and therefore it is worse for diverse liquid market trading than the more-so "west" Asian centers. Even a few hours west, eg, BGK, Sing makes a difference for US mkts: 9pm v.s. 1pm is a big difference relative to normal sleep habits. You can trade Bunds ok from 3pm local time. Cash JPY and AUD pairs via an ECN FX broker are ok choices if you can go without a centralised market place, meaningful B/O data and want to pay 20% of a 4 pip scalp in bro.

It is a compromise.

But if you want to mainly trade HSI, MJNK (and TSE stocks, maybe some ASX stocks in play). Maybe thin[er] CL?? Then Tokyo is one of the coolest and safest mega-cities you could ever live in. Great food, great lady prospects if you are single, great skiing via public transport. Sucks in summer.

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  #10 (permalink)
Oslo Norway
 
Trading Experience: Intermediate
Platform: NT8
Favorite Futures: ES
 
Posts: 85 since Aug 2018
Thanks: 86 given, 57 received



apac View Post
Tokyo is east Asia, and therefore it is worse for diverse liquid market trading than the more-so "west" Asian centers. Even a few hours west, eg, BGK, Sing makes a difference for US mkts: 9pm v.s. 1pm is a big difference relative to normal sleep habits. You can trade Bunds ok from 3pm local time. Cash JPY and AUD pairs via an ECN FX broker are ok choices if you can go without a centralised market place, meaningful B/O data and want to pay 20% of a 4 pip scalp in bro.

It is a compromise.

But if you want to mainly trade HSI, MJNK (and TSE stocks, maybe some ASX stocks in play). Maybe thin[er] CL?? Then Tokyo is one of the coolest and safest mega-cities you could ever live in.

Yes, that's the problem and also why Thailand while seemingly a favourite among 'digital nomads' and a great bang for the buck is not ideal for traders trading US markets.

I've specialized in the ES (e-mini S&P 500) and don't see that changing anytime soon, I'm afraid. I hear great things about HSI, but would expect a transition period for learning a new market.


apac View Post
Great food, great lady prospects if you are single, great skiing via public transport. Sucks in summer.

Are you a Western living there or a local?

On the subject of lady prospects, I actually heard it was hard for western males to get anywhere with the local ladies, but maybe that's not the case then...

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