Recent content by farzin

Offshore company not always the answer! Sorry chump.. :( you seem to be wrong too. Even if you set up an offshore company and the company trades, if you are in the UK and trade for that company's account, now the problem is even worse since the domicile issue is not an issue any more and the...

Business Conducted abroad! Well. Having an offshore broker like ACM etc and doing your traded through them...( in eyes of tax man) is not same as conducting your trade from abroad :confused: . What the tax man wants to know is who made the decision to buy or sell and from where. If you have...

You are both right! and very wrong too! Jonhy and Reberto are right to some extent. :idea: But the tax issue is a bit more complicated than that. :rolleyes: Regarding the UK tax regim I must say it depends on your domicile. If you are an ordinary UK resident or citizen with strong...

Hi everbody, I need some help :confused: and feedback from those who use esignal for their chartings. At the moment I am using CQG which is one of the best chartings in the market (as far as I know). It is web based and very userfriendly. The only problem is that it is just too expensive. It...

Thank you stock trader. On broker mistakes point, as you know brokers are all regulated by FSA (here in the UK) therefore they record all phone calls and computer logs etc... In case of not accepting the mistake they should either provide you by your telephone conversation tape or somehow give...

right! Thank you. Silly me! :( I didn't see the edit button. Cheers

Sorry! Typing mistake I meant greed :)

mmillar I didn't say that I am 100% right all the time or I don't have a stop loss limit on my trades. What I said was that I have been asked for margins in couple of occasions. I say it again, it really depends on your time frame and how deep your pocket is. If you have a long term position and...

I had a few margin calls between £10,000 to £30,000. But That's fine if you have a time frame and strategy. On all occasions not only I had my money back after a few days I also made some more money since I added on my positions when market was dip. I think in a volitile market, if you want to...

It really depends on how you are trading. If yo are a day trader in different markets at the same time and need to have multiple monitors and windows or if you have a live charting system (as the minimum recommended connection for the last one is ADSL), the dial up connection or even an ISDN...

Well It is true (at least on my case) changing strategies time to time. But don't you think it is normal in every market? If there is only one strategy which works, so would be any market at all? I think one of the most important reasons is change in fundamentals. I also believe the art of...

As everyone else said above, it won't work! Don't lose your money that way. If you have extra money, you can send it to me :) and I will spend it!! (just kidding). But what you can do before trading real money, try some trade on paper and follow the market and see what the result will be. Anyway...

Hi Of course it is nice to take it. But if you want my advice, also consider getting an academic degree, perhaps BSc in Economy and then MBA would be very useful for your career and with all respect to non post graduated traders I think having a university degree will make a big big difference...

Market Wizard Well the point is that if you are UK domicile (UK born or was resident in the UK for over 17 years) which I assume this applies to most of UK traders, even if you do NOT bring the money to the UK you still must declare it to the IR as your income and therefore pay tax on it!! :(...

One thing appears to me that has been missed out in all posting is that IR will look at the person who made the decison on trade rather than geographical position of the company. In other words if you even open a company off shore, as soon as you start trading for that company inside the UK, the...