Nearly vomited when I saw that one.. hehe.. it's going to take these new money arabs many generations to develop anything resembling decency or sophistication...
Funnily enough, most people around the world complain about US borders being horrible as it's like entering some sort of military state. While I've had a bad experience at Schiphol/Amsterdam with some of the turkish/arab border people who are simply rude and arrogant, it doesn't mean it's like that everywhere in Europe. Eastern Europe consists of many countries and cannot be grouped into one. It's like saying the US is in ruins - just look at Detroit and New Orleans! Life in places like Slovenia and Czech Republic is pretty good and one would be mistaken to call those places backwards. The Americans (I should say "yanks", just to throw in a random derogatory term in the sentence like you did) who live in the Baltics are actually quite happy to be out of the US, go figure.
You've been trading only 2 years and already making bank? How much did you start with and where did you learn to trade? Want to move? If you're making more than 100K a year, you can live anywhere. There are no borders for the wealthy. You can live real well in Mississipi or Iowa for less than 50K a year.
by trading EURUSD and eminis. The reason I broke that 3rd world ceiling was by having nothing to do with those countries and the markets. As to how I got started .... Well when i was 17 while surfing the web I discovered something called "forex trading" So i open a 300 buck account at one of those mini bucketshops. Discovered I knew nothing. But i figured one thing out, price moves a lot during some news announcements called the "FOMC rates" and "unemployment claims". So i figured if the move is gonna be big why not place stop orders on both sides and whichever way it goes i'll make money. So not understanding anything about prudence i made my first bet with 1:80 leverage and basically doubled my account in 30 seconds. That I was Hooked would be an understatement. I did it 4 more times with varying success before I suspiciously stopped getting fills at the bucketshop. Further research indicated that in reality there is no market during such times and all i made was from inexperienced brokers. I figured I had to learn more and figure how this "money thing" actually works. As a side note, my friends thought i was some fucking genius for having a few spare thousand dollars lying around. And that too when the pocket money here for a typical teen in a prosperous middle income family was $40 a month. Good times. University began, even though over the next year and a half i read a 120 or so books on every subject related to the market. I discovered this game is about a few simple rules: 1. Know when to bet 2. Know when to hold 3. Know when to exit 4. Knowing how much to bet 5. Managing risk and controlling drawdowns. 6. Not losing your balls. With these ingredients as the basic foundation I ended up spending nearly ten hours each day in front of the computer trying to run backtests, running spreadsheets, running market replays and demo trading live. Family assumed I was mad. By my 21st birthday and completing the degree I announced that I would not be looking for a job as I was fairly certain in the trading method I had developed. Gasps of despair from family followed. I did not relent and my elder bro convinced dad and a few aunts to seed me with $20000. And so at the at around 21 and a half years i began. At the back of my mind there were always the lessons of livermore life. i did not bet big and i did not take revenge on the market. The first quarter was tough, upon discovering that your state is much different in SIM trading than with real money on the line. A breakeven period . Nonetheless I got over it and started hitting homeruns with regularity and i grew in comfort and confidence( and net worth) ........ And so nearly 2 and a half years later here I posted this topic. I'd say i've gotten off lightly due to this happy accident.... graduates from better universities here are struggling for jobs at pays that I wouldn't even bother waking up for now.... Regards.
No. You could say my learning phase was nearly 4 to 5 years before i went down with a serious committment.
PTG Dubai fees are what ... $2500+ month? May seem reasonable now but if you have a rough few months or year, you will be in a tough spot. Why not save the money, just trade out of your IB account and live wherever you want (or be a perpetual traveller) Or you could pick a country and work to establish a citizenship, to get a better passport and as a home base for your business. Preferably low tax and somewhat stable. After achieving citizenship, you can live wherever you want.
I've lived in London twice and people the world over live comfortably there. I'm not saying there are not some hooligans but there are bad apples everywhere. In NY, London and other cosmopolitan cities with just a bit of common sense you will, if you are outgoing, make friends and be comfortable.