Asia Advice?

[BlueHorseshoe 10]

Hello,

 

Is anyone on here living anywhere in the Far East - eg Thailand, Indonesia etc?

 

If so, what are living costs like, eg renting an apartment, food, health care?

 

And do you have any specific issues around trading US markets (like connectivity and speed of order submission, US brokers reluctant to deal with you, timezones and so forth)?

 

Many thanks for any advice,

 

BlueHorseshoe

[SIUYA 11]

if you are talking Australia (which is probably not what you are talking about ) which is even further east than most then you will find it is expensive. Beyond that you can trade pretty much anything from there.

Internet is debate-ably reliable and fast - i never had a problem trading.

You can hook up with various brokers - it might be their local arm and hence there will be different restrictions, but I never had a problem hooking up with various people over the years.

(Interactive, OEC, Oanda, MFG :crap:) - you usually just fill in the w8 tax form and tick the boxes for various expertise - this might change depending on the type of accounts of course.

Most brokers would be operating in their own timezones, some have various levels of help desks - i guess it depends on how electronic you want to be.

[45drive45 10]

Hello,

 

Is anyone on here living anywhere in the Far East - eg Thailand, Indonesia etc?

 

If so, what are living costs like, eg renting an apartment, food, health care?

 

And do you have any specific issues around trading US markets (like connectivity and speed of order submission, US brokers reluctant to deal with you, timezones and so forth)?

 

Many thanks for any advice,

 

BlueHorseshoe

 

I am from Malaysia. Which is south of Thailand and north of Indonesia. Compared to many places, it's relatively cheap here. . Except for cars. A good apartment in the city will set u back around usd2k. Of course u can stay a little further for $1k. Food is cheap. Healthcare is reasonable. Foreign cars have taxes so, go local or Japanese. An Accord will cost u about usd55k.

 

Internet is good, depending on location. No issues to open brokers in us or uk or Australia. Hedging possible!! Haha

 

Good luck

[bkk888 10]

I am based in Bangkok. I think you could live here on THB 50,000 a month ($1700).

 

It depends on your lifestyle. Are you planing to stay in larger cities like Bangkok, Pattaya, Chiengmai ? Do you need to live near the BTS route (train) in Bangkok? Can you eat local food or do you need to eat in western food every day. Local food is cheap, my lunch today (fried rice) cost about $1.50. A Big Mac would cost more than twice that.

 

Health care here is good. Medical tourism is popular and healthcare is much cheaper than western countries from what I understand.

 

Internet is ok in Bangkok, my 10mbps internet cost about $20/ month.

 

You could visit the forums in Thailand news, forum, visa, immigration : thaivisa.com for more info.

 

I use Oanda Singapore. I don't trade much in US session as its bedtime here.

 

Hope this helps.

 

BKK888

[BlueHorseshoe 10]

Foreign cars have taxes so, go local or Japanese. An Accord will cost u about usd55k.

 

Good luck

 

That's really helpful, thanks! Plus I already drive a Honda here in the UK

 

Cheers,

 

BlueHorseshoe

[Larry1234 10]

Hello,

 

Is anyone on here living anywhere in the Far East - eg Thailand, Indonesia etc?

 

If so, what are living costs like, eg renting an apartment, food, health care?

 

And do you have any specific issues around trading US markets (like connectivity and speed of order submission, US brokers reluctant to deal with you, timezones and so forth)?

 

Many thanks for any advice,

 

BlueHorseshoe

 

 

I guess the cost of living in most of Asian countries is less compared to west. I guess Singapore is relatively costlier than other asian countries.

[BlueHorseshoe 10]

I am based in Bangkok. I think you could live here on THB 50,000 a month ($1700).

 

It depends on your lifestyle. Are you planing to stay in larger cities like Bangkok, Pattaya, Chiengmai ? Do you need to live near the BTS route (train) in Bangkok? Can you eat local food or do you need to eat in western food every day. Local food is cheap, my lunch today (fried rice) cost about $1.50. A Big Mac would cost more than twice that.

 

Health care here is good. Medical tourism is popular and healthcare is much cheaper than western countries from what I understand.

 

Internet is ok in Bangkok, my 10mbps internet cost about $20/ month.

 

You could visit the forums in Thailand news, forum, visa, immigration : thaivisa.com for more info.

 

I use Oanda Singapore. I don't trade much in US session as its bedtime here.

 

Hope this helps.

 

BKK888

 

Hi BKK888,

 

Thanks for such a useful reply.

 

Want to eat Western food!?!? Definitely not - that defeats the whole point of experiencing another country and culture. Even in the UK I eat Thai cuisine more often that I eat a Big Mac

 

Kind regards,

 

BlueHorseshoe

[Guest nayanreza]

A central bank, also called a "reserve bank", is an institution that manages a nation's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the nation's monetary base, and usually also prints the national currency, which usually serves as the nation's legal tender.

The primary function of a central bank is to manage the nation's money supply (monetary policy), through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.

Central banks usually also have supervisory powers, intended to prevent commercial banks and other financial institutions from reckless or fraudulent behavior. Central banks in most developed nations are institutionally designed to be independent from political interference.