Any daytrader out there? Questions about regulations and more.

[easyliving 2]

Hey guys,

 

Any daytrader out there? Im a daytrader myself considering moving most likely to Phuket. Maybe Pattaya or Bangkok.

 

Is there any restrictions in terms of what you are able to trade? What about tax in short? Can you do daytrading well in Thailand? In terms of speed of internetconnection, stability, timezone lifestyle and so on.

 

Thanks in advance

 

Love

Easyliving

[samfreeland 64]

You will do well if you where to trade in double posts :D

[Grandpollo 366]

Hey guys,

 

Any daytrader out there? Im a daytrader myself considering moving most likely to Phuket. Maybe Pattaya or Bangkok.

 

Is there any restrictions in terms of what you are able to trade? What about tax in short? Can you do daytrading well in Thailand? In terms of speed of internetconnection, stability, timezone lifestyle and so on.

 

Thanks in advance

 

Love

Easyliving

 

Why would there be restrictions? Your online broker doesn't know nor care where you are connecting from and I assume you'd not be insane to the point of trading via a Thai online broker or trading anything on the SET.

 

The time is the time so that depends on how well you do between 8:30 at night and 3 a.m. for a job. Kind of prime time for the night life but if it's your job, then those are your hours. Other than the DST offset the hours are not going to change.

 

The internet is OK assuming you pay for a decent connection.

Edited September 23, 2012 by Grandpollo

[tomcat76 327]

(Assuming you're successful, and concerning tax...) wouldn't that be considered Thai-earned income, even if you're using your brokerage and banking accounts at home via Internet? But how would they know unless you file a return and inform them? And then once you do that what happens.... Would this be "working in Thailand", and require a work permit?