randy1953

no it's not at all you just need to know how to use it and also you need a very good connection and also a good data feed from your broker you ahve that and it's almost perfect

I have a trailing stop placed at 20 pips so I just let the baby run. The key to making this work well is to have a EA(forex robot) manage your trades for you. You can input everything into the EA so when you turn the EA on bingo it will open up the trades, close the one not filled and placed the trailing stop on the filled trade in less time than it takes to snap your fingers. EAs are wonderful at managing trades. Randy

There are many answers to that question. The ease of becoming a permanent resident with all the benefits of a retired person and you need not be retired but just show a ongoing income of $1000 per month. The way the people are here has a lot to do with it. In the US we lost real contact with our neighbors like 50 years ago. In the 50's in the US it was a different world and people were a heck of a lot nicer, much less stress,economy much better. Back then if you just worked at a service station pumping gas you could afford yo buy a home . Well Panama is just like the 50's were for us except we have all the modern conveniences as he US has. The veggies and produce tastes a world apart from the Us. The beauty of living in the mountains where the climate is eternal spring like it never gets hot or cold. The only big negative I have for this country is it rains and rains a lot. If you do not like lots of rain you would never like Panama. It will rain steady every day from March to December however never in the morning which are always nice and sunny but around 2 pm you better be inside because when it rains here it's like a Monsoon rain which is a very hard rain. Lastly you simply live a much more stress free life here and medical care is great where they really take care of you and is common practice for your doctor to give you his cell phone number. Also Americans have been here for over 100 years so they are accustom to us and really enjoy our company Hope that helps.. Randy

Not really overseas they could careless as long as you file your absolutely fine in Panama. The IRS does have a field office in Panama city employs 1 IRS agent and he's probably out drinking and pick up young latinos chic than doing any actual work he he. The only reason why they have a field office is try to fake a real pressence here in Panama. They have absolutely no authority here, all they can do is refer someone to their main office and go from there. It's really just to show thier face they are here. We Americans that have lived here for sometime think it's a joke. Randy

Yes going up through Bamboo to Cero Punta is like a magical kingdom. However it's always wet up there that's why anything will grow as it's the breadbasket for Panama produce as you know. take care Randy

Hola Amigo! Do you live here now? Actually I like Boquete more not because of a few gated communities but because of the cluster of Americans there. In Volcan you tend to live more of a hermit lifestyle which for some I 'm sure works out well Randy

Well I am sure large transaction are monitored more closely .But then again are the bank wires going from or to a natural person or from a foundation trust to another trust which by the way makes the funds nontaxable by the IRS code. It is possible to protect yourself and you assets if done properly. Randy

Well here's another story. The US does not care about single individuals living abroad for taxes or whatever if the sum is under $50,000. Your example sounds believable simply because one your talking about a whole lot of money entering the US from abroad. Now of course homeland will take it. Remember some of your rights were taken away because of 9-11. But this is done on terrorist watch it is not germane at all fo what I was speaking about. The US only cares about the big fish down here it just costs too much money to go after little guys. That's a fact not a story. Actually I live in a remote mountain town beautiful weather I say remote as compared to the US but we have everything here internet Sat TV etc. Well a few years ago the FBI came into this small town and arrested one of the founding members of a group called Global prosperity this was a outfit them would do seminars offshore showing you how not to pay taxes but the higher up you went they got into showing you how to launder money etc. Now this guy was a very big fish.However it was not because of the intelligence of the FBI he got caught. He had a Venezuelan passport and of course a different name. He also paid off immigration in Panama so he was always given passage. So there were people that knew about him here and liked his money. Well Panama is different than the US they like money but it's nowhere as important as we Americans make it to be. So one day this guy got drunk and took his pistol out and started shooting up his backyard well Panama had enough of his crap and turned him in. If he had never done that he would be here today. Cheers Randy

I trade Forex and trade the news. It's really very simple. Okay first news truth "it makes no difference what the news is the market can go up or down" so do not try to predict the market or you will likely loose. My method is on a 15 min chart wait until the candle is closed and open up a straddle trade with a 20 pips from price both ways when one becomes filled cancel the pending trade. Only one rule if the currency your trading has moved at least 70 pips in the last hour do not trade. With this method I have a hit rate of 63%. Last Friday I made 80 pips trading the NFP of course it was very week and pretty much a non event. If you want to trade the news it will pay to get a EA to manage your trades they are much faster than humans and will do just about anything you program into them. Hope that helps Happy trading Randy

Hi group I am a Forex trader and as you know the platform MT4 is almost universal now. Almost all indicators and EAs that are used in Forex are coded with mq4 language and only work on MT4s. As far as brokers go there are good ones and bad ones. They are not regulated as the stock market is. However they are much more liquid. If your good you you will make a lot of money but it takes a lot of hard work. Happy trading Randy

Well this is what I have done and it works fine. Move to Panama we use the dollar here, many Americans here. They have very good residency program. Actually if you can show $1200 a month coming in from retirement or another source but need to be ongoing then you get what' called a Pensionado via which allow you to live here forever and also get all the discount a retire person would get even if your not retired. Down here they treat people different than the US with thi visa you get 50% off on hotel and resort, half off on movie and entertainment and o forth. Now it i true that you need or uppoe to pay taxes no matter where you live aa a US citizen however in Panama you can go and have a private interest trust made up. It' all legal and give you ton's of tax benefits where you can reduce any tax and reduce it a lot. Hope that help Randy