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For the first link - "Published: December 16,
1987"
d
From: amibroker@xxxxxxxxxxxxxxx
[mailto:amibroker@xxxxxxxxxxxxxxx] On
Behalf Of Herman
Sent: Saturday, June
07, 2008 10:12 AM
To: brian_z111
Subject: Re:
[amibroker] Re: Trading International Portfolios
FYI:
http://query.nytimes.com/gst/fullpage.html?res=9B0DE2DD143FF935A25751C1A961948260
http://forex.timezoneconverter.com/
Here is the starter outline for a nice gfx
project: http://www.flixya.com/post/somchatree/5485/FOREX_Time_Chart
best regards,
herman
For tips on developing Real-Time Auto-Trading
systems visit:
http://www.amibroker.org/userkb/
Friday, June 6, 2008, 8:25:41 PM, you
wrote:
> Hello frankphd_us,
> Your 'answers' have been simplified to render
them almost valueless.
>>When you open
>> an account you apply and receive access
to EXCHANGES and PRODUCTS -
>>not
>> countries.
> There is a high degree of virtuality about
trading but occasionally
> the 'otherworld' intrudes e.g when tax time
comes around.
> Since IB LLC is a US company, US citizens who
open accounts are not
> opening a foreign account.
> US foreigners will have to manage an offshore
account, offshore
> support and out of hours trading. In the
event that they end up in
> dispute with their broker, or other parties,
they will not have the
> luxury of being,for example, a US resident
appealing to a US
> regulator and/or hiring a US solicitor that
they are paying for in
> their own currency, namely US dollars
etc.
> Trading 'products' are tied to their
exchanges, who conduct business
> in the currency where they are
domiciled.
> US residents can trade almost every available
'product', or its
> equivalent, in there own currency/country but
the trading world
> doesn't end at the US borders.
> While we can open accounts, and trade, almost
freely, in the virtual
> world, eventually we will want to spend that
money in our own country.
> That is when the reality of exchange rates,
and their movement
> against our 'base' currency will hit home to
us.
> So for me, as a non-US citizen, the reality
is that I also became a
> Forex trader, an international citizen and an
international bush
> lawyer the day I started dabbling in
international trading.
>> ) What are the pitfalls and drawbacks of
trading a portfolio
>>consisting
>> of 3-5 markets (ASX,SGX,US,CA,EUR,...
)?
> If your base currency is US dollars, and you
have been 'in' the
> Aussie market/Aussie dollars then you have
done very nicely over the
> last few years (whether by good luck or good
management). Not so if
> you were an Aussie with unhedged exposure to
the US dollar/market.
> In fact last year, in NZ, I bumped into an
American trader whose
> entire strategy consists of buying strong
stocks in a strong currency
> (relative to the US dollar). I think he said
he hasn't had a losing
> year for 10-15 years and he had done around
30-50% a year for the
> last 5 years (he is state hopping, living on
a boat etc and hasn't
> been home for a few years - doesn't even own
a computer - wouldn't
> know what backtesting is and uses Yahoo on
the library computer to
> follow his trades).
>> 2) How to set up the account(s) with IB,
for example can foreign
>>stocks
>> be traded with US funds (auto
conversion)?
> Does IB charge for currency
conversions?
> The trading platform I use charges for each
adjustment to and from
> the base currency (yes, I can nominate the
frequency).
>> 3) Is there a problem with the different
market time-zones?
> My platform is London based (as I said the
trading world doesn't stop
> at the US borders) so the platform Java based
charts are 24 hour GMT -
> it is not a problem as 'you' know when
the different markets are
> waking up..... Nuku'alofa opens,
followed by Fiji, NZ, Australia,
> Singapore etc.
> "No holding hands for NEWBIES
here"?
> Survival of the fittest!
> Great idea.
> Not new though.
> It doesn't work out so well if you are not
amongst the fittest (good
> luck in your old age).
> brian_z
> --- In amibroker@xxxxxxxxxxxxxxx, "frankphd_us" <frankphd_us@xxx>
> wrote:
>> Hi all,
>> I trade international markets via IB and
other brokers. When you
> open
>> an account you apply and receive access
to EXCHANGES and PRODUCTS -
> not
>> countries. So when you apply for an
exchange you might receive
> access
>> whilst your friend won`t be granted
access - if he is of different
>> nationality/domicile: Citizens of some
countries are restricted by
>> their national regulations (namely US
citizens by SEC). Otherwise -
> if
>> your selected markets/products comply
with your indicated
> experience
>> you will be setup for trading within
minutes.
>>
>> Re your questions:
>> ) What are the pitfalls and drawbacks of
trading a portfolio
> consisting
>> of 3-5 markets (ASX,SGX,US,CA,EUR,...
)?
>> None aside from my mental capacity to
differentiate between
> positions
>> in USD, CAD, AUD........
>> 2) How to set up the account(s) with IB,
for example can foreign
> stocks
>> be traded with US funds (auto
conversion)?
>> I am debited with local currency and can
adjust this manually
> whenever
>> I like.
>> 3) Is there a problem with the different
market time-zones? For
>> example, for a foreign stock, would MOO
and MOC be automatically
> adjust
>> to the foreign market's open/closing
time?
>> No problems, if MOO and MOC is supported
for this exchange/product.
>> Trading via IB is a dream come true, if
you take the time and
> effort to
>> read, learn and practise the TWS. Amongst
brokers IB is exactly
> what
>> Amibroker is amongst software. And a bit
alike amibroker.... NO
>> Handholding for Newbies there! But
helpful forum and webinars.
>> Kind regards
>> frankphd_us
>
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