Tax-free countries around the world – the best for forex traders
There are certain countries that are considered “tax-free countries.” This means that residents are not deducted for income tax, dividend tax, or capital gain taxes. Tax-free countries in the world (spread betting tax-free countries) are the Bahamas, United Arab Emirates, Brunei, Monaco, Turks and Caicos, The British Virgin Islands, Oman, Vanuatu. This list of tax-free countries in the world can be changed in the distant future. This list is not only for forex trading, but those countries are also tax-free business countries (any business).

The Bahamas
The Bahamas are a tax-free country. Residents are not required to pay income tax. The government receives its funds from tourism as well as its offshore industries. Regardless of where residents earn their income, they are not required to pay income tax. The application fee for Bahamian residence is renewable each year for $1,000. There are options for permanent residence such as real estate investments of $250,000. It is also important to note the many benefits of the Bahamian passport, which allow extensive visa-free access.

United Arab Emirates

Is Saudi Arabia a tax-free country? No, but there is one Arabic country – The United Arab Emirates, also known as the UAE, which does not charge personal income or corporate taxes. Obtaining a residency visa in the UAE is fairly easy. Once a foreign-owned company has been established in one of their free trade areas, a residency visa is issued. Offshore companies can also be set up in the cities of Ajman, Dubai and Ras Al Khaimah. In addition to this, foreigners can own real estate in Dubai’s projects.

Brunei

Brunei is a one of the tax-free trading countries. Brunei is an island in the country of Borneo. There are excellent banking options in Brunei and multiple options for residence.

Monaco

Monaco is a tax-free country. Monaco is located on the French Riviera. Monaco does not impose income tax on its residents. Monaco can be reached by train, car, helicopter, or boat. There is currently no airport in Monaco. Receiving a residency in Monaco is simple and convenient.

Turks and Caicos

Turks and Caicos are tax-free and located southeast of the Bahamas. Turks and Caicos is a part of the British Overseas Territory. Turks and Caicos is unique as they provide quick permits to residents that spend a minimum of $300,000 building a new home or remodeling an existing home on the island. Other ways to receive resident permits include investing $700,000 into a company with a majority of local owners.

Oman

Oman is a country located in the Middle East. They do not tax personal income. Permits for residency are distributed on a limited basis. The main strategies for residency permits are employment or a family member that lives in Oman. A sponsor and government official must sign a non-objection certificate for the applicant before the application process can begin.

The British Virgin Islands

The British Virgin Islands are home to many entrepreneurs that have obtained residency in the BVI to avoid high tax rates in other countries. In order to obtain a residency permit for the BVI, applicants need to provide bank statements as well as a $1,000 bond.

Vanuatu

Vanuatu is one of the only countries to allow residency through a donation. Investing $89,000 will permit you a one-year visa. This visa is renewed on an annual basis. Larger investments and donations allow you residency for anywhere from 3 to 15 years. The offshore financial center is also well-established.

The following countries are Low-Tax Countries

Low tax countries charge tax on the basis of territory. These countries do not have CFC laws. The following countries only tax for income received inside of their own borders. Oversee income is not taxed for these countries. It is important to always use caution when remitting money. This process may be treated differently and subject to local income tax. The tax treatments in the following countries are favorable and preferable compared to most countries.

Belize

Belize has reasonable offshore laws and other benefits such as an English-speaking nation. Belize used to have an official program for citizenship. This program has been changed and residency is now permissible with an investment.

Georgia

The country of Georgia does not require companies to pay corporate tax until the profits of the company have been distributed. Therefore if profits are reinvested or retained, taxes are not mandated. The immigration process to the nation is hassle-free. Citizens of 94 countries around the globe can live in Georgia for one year without a visa.

Is Hong Kong tax-free country

No, Hong Kong is not a tax-free country but it is a Low-Tax Country. Hong Kong is a republic in China with countless futuristic benefits and career opportunities. However, opening a bank account has become increasingly difficult as many people around the world want to reside in the city. Residency permits in Hong Kong are more difficult to obtain than other places in the world. Applicants have to spend a large amount of time in the city and are connected.

Malta

Malta is an island located in the heart of the Mediterranean Sea. Digital nomads are the most common type of foreign resident in Malta as the island is a great home base in Europe.

Costa Rica

Costa Rica is hands-down one of the most popular South American vacation spots for Americans. The Costa Rican government allows residency permits for individuals that can prove a $2,500 monthly income source. Two-year visas are also available if individuals can prove $60,000 in saved income. Retiree visas are granted upon a $1,000 minimum income check. If an investment of $200,000 is made in real estate, a residency permit is also granted.

Singapore

Singapore has one of the most advanced economies in Asia. Taxes on company profits range from as low as 0% to 17%. A startup company in Singapore will not be expected to pay anything for their first 3 years. There are currently no taxes on corporate profits under $150,000. Countless co-working spaces and entrepreneurs have expanded in the area. An investment of $4 million will allow temporary residence in Singapore. Investment visas are treated differently than normal visas. Interest, foreign profits and capital gains are not taxable in Singapore.

Thailand

Thailand is one of the most popular vacations destinations as a result of its inexpensive accommodations. Thailand does not have any CFC laws. The cost of living in Thailand is inexpensive and has been a popular choice for American ex-pats. Temporary residents qualify for permanent residency in Thailand after 5 years. There are options for residency through the Thailand Elite Visa and Iglu program.

Neural Network for Forex: Understanding the Basics

A neural network in forex trading is a machine learning method inspired by biological human brain neurons where the machine learns from the market data (technical and fundamental indicators values) and try to predict the target variable (close price, trading result, etc.).

A neural network is a series of algorithms that seek to identify relationships in a data set via a process that mimics how the human brain works.

So, Neural networks are systems that collect and analyze different types of data provided by artificial intelligence. The system analyzes the data in a manner similar to the human brain. With decision-making strategies such as trial and error, segregation, and generalization, the network improves its effectiveness. Neural networks are very important for productive artificial intelligence systems. The use of this technology is currently being applied to the Forex market.

The process of developing neural networks is important for improving the accuracy of artificial intelligence. Artificial intelligence is used all over the globe, from smartphones to cars. In many ways, artificial intelligence makes everyday life easier and more convenient. With all of this advancement, it is important to keep sight of their faults. For this reason, the Forex market needs to see more development on neural networks before they can be used across the board.

We have 2 most common types of problems:
1) Forex regression problem where we try to predict future prices in trading.
2) Forex classification where we try to predict will be trade be profitable or losing trade.

Neural Network Forex Trading Example:

Forex trading Regression problem:
Input: Yesterday open price, Yesterday high price, Yesterday low price, Last 7 days high price, LAst 7 days low price, Relative Strength Index for Daily chart time frame.
Target Variable: Tomorrow Close price.

This is a very simple regression neural network machine learning problem.

Forex trading classification problem:
Input: Yesterday open price, Yesterday high price, Yesterday low price, Last 7 days high price, LAst 7 days low price, Relative Strength Index for Daily chart time frame.
Target Variable: 1 or 0 where 1 is profit trade, 0 is loss trade.

How Neural Networks Work

Neural network systems utilize data and analyze it. The process in which neural networks analyze information is similar to the cause-effect relationship in human thinking. The probabilities of a situation are analyzed before making a final decision. This is also true for neural network systems. The neural network analyzes past information to make a more informed decision in the future. This is similar to when a child makes an error when doing a puzzle and corrects it with their next move. Sometimes finding out what doesn’t work helps us figure out what does work. This is how the system processes information and makes educated decisions.

The biological neural network operates very similarly to the nerves in the human body. For example, all elements of the system communicate with each other in order to determine a final answer. The neural network is multi-layered and detail-oriented. There are two main databases involved with neural networks. There is a training base as well as a test base. Database improvements are completed through trial and error. The network maintains permanent progress. The system is always using new information to improve the end result.

The Forex market has been increasingly expanding its technology to improve trading outcomes. Tech developers have the ability to greatly improve the effectiveness of all forms of artificial intelligence. The most important feature of neural networks is their ability to gather data and analyze it. This information is then stored and used when it comes time to make predictions. The system takes time to recognize and learn patterns before it can be used on a consistent basis with guaranteed success. The process of system learning does not take long, which is another benefit of this quick network.

The different features of the network include immersion, extraction, neural training, and decision-making. These are the steps involved in creating an accurate prediction.

How Neural Networks Benefit the Forex Market

Neural networks have the ability to significantly benefit the forex market. The main reason for this is due to their accuracy and intuitive instincts. They have the ability to analyze fundamental data as well as technical data. Mechanical systems are not well-equipped to analyze this type of data. Human errors are even more common when faced with analyzing this data. This is why neural networks have the ability to benefit traders greatly.

Another major benefit of neural networks is their quick adaptability. Neural networks do not take a long time to train. This is beneficial as it saves on time and resources. Neural networks can help bridge the gap between human intelligence and computers.

Where Have These Systems Been Used?

Neural networks are already in use today. Popular search engines such as Google already use neural networks to improve their system. Google uses neural networks to analyze and classify images, text, and other data. The neural network has the ability to sort images and distinguish certain features from others. Google translate also utilizes neural networks in part. For example, the translations have become more accurate with the use of neural networks. The benefits of these systems include self-learning, highly improved reaction speed, and problem-solving capabilities.

Can The Network Generate Success for Forex?

Many people want to know if the system is fully compatible with Forex and how to use it to generate a successful outcome. Neural networks have the ability to make a forecast. They can also generalize and highlight the data as well. The network is trained and can make educated predictions based upon the historic information it has saved. Classical indicators are different from neural networks. Neural networks have the ability to view dependencies between data and therefore make adjustments based upon this information. It will take a level of available time and resources to train the network, however, these are minor and worth the outcome.

For example : Predict Forex Trend via Convolutional Neural Networks
or A case study on using neural networks to perform technical forecasting of forex.

As with any other system, neural networks have a margin for error. They can produce an inaccurate forecast. Final solutions mainly rely upon input data. Neural networks can decipher patterns and relationships where a human eye can not. The intelligence of the system has the potential to be faulty as a result of emotion. The lack of emotion can be seen as an Achilles heel in a fluctuating Forex market.

My oppinion on Neural Networks

Neural networks are extremely perspective in science. They have a unique ability to predict market trends and situations more efficiently than a traditional advisor. They are able to distinguish patterns, trends, and dynamics. They are able to discover and detect behavioral cycles. Traders that utilize neural networks prefer long-term trades. Scalpers do not utilize neural networks often. Neural networks existed a decade ago, however, their popularity is increasing as a result of big data. The technologies associated with big data such as cloud storage have rapidly increased the use of neural networks and the development of their potential.

In forex trading, Neural networks have big disadvantages because can overfit very easily. How to explain this? When we train data set we will get training error. When we test our model on unseen test data we will get the test error. Overfitting has excellent small training error but a huge test error. It is bad. In forex trading, our expert advisor will have an excellent small error when we test on training data but very bad results in live trading.
In my experience, simple regression models can be very rubust and have excellent live trading performance. So, be carefull with Neural networks…

Those who dream of becoming investors can regularly find questions revolving around their minds. Growing Investors also ask themselves the same questions as they think of expanding on their investment or moving to a different field of investment.

Questions to ask a commodity trader are the questions that determine the kind of investment, risks to be taken, challenges encountered, costs to be incurred, time taken to accomplish a certain task, efforts required, and profit margins among others that we are yet to look at.

These questions are very important for somebody who plans to venture into any commodity trading activity, be it mining, agriculture, currency, energy, metals among other activities. For one to obtain clear information about the activity, consulting an expert is a basic and vital move.

Some people may offer misleading information that they are not sure of and may risk the capital of the investor and harm the entire market activities.

Commodity trading advisors are the right people to consult when it comes to deciding to invest in a certain commodity. Commodity trading advisors are heading managed future programs that involve a pool of investors who target better and controllable measures to maximize profit and proper utilization of investor’s capital. These advisors must be registered under Commodity Futures Trading Commission and all are required to have passed series 3 exams.

The benefits that an investor may earn is getting a well-experienced advisor that can help in propelling the future growth of the business activities. Personal advisors always try to understand the individual activity and every operation affecting its growth. An individual investor should deal with the advisors in person to get a deeper feel for the business operations since most advisors are people who have dealt with commodity trade operations for a long time.

Asking for these questions require a composed inquisitive language that can make the advisor or senior trader deliver the detailed information about the activity in question. Some of the general questions may lead to obvious answer such as YES or NO, which eventually translates to the answers that you already have them.

Let us see 2 scenarios.

Scenario 1 – Questions to ask a commodity trader when you want to invest your money

Some of these questions are:

1) Is the current market state favorable?

The question to ask is about the market cycle. Market observers and advisors are aware of peak seasons and the market circle. They can tell the low seasons to buy commodities in a certain region, and the supper cycle period to maximize profit. For agricultural commodities, market observers always analyze the climatic conditions of different regions. These will help them tell the peak period for selling a given variety of a commodity and also the right time for stocking them to the next season. They are also certain about future changes in the price of a commodity. If there will be a minimal price increase, the advisor may opt to prefer selling the commodity at the current price so that the investor may venture into another activity as soon as possible.

What is the minimum investment requirement?

The investor needs to inquire much information on the actual amount of investment to be put in place for activity in question. The question should also illustrate the current ability and the budged that the activity can operate following the current portfolio.

Where commodities fit in our lives?

The question will help in getting information about the necessity of the commodity and the perspective of the consumers. The activity involved should be one that provides a regular service or fills a certain gap of a need within the society. The commodities to be involved must be used as a routine, for example in the energy sector, we require fuel daily to keep our vehicles moving and keep our industrial machinery working, we eat daily and we require cooking oil, wheat or maize flour, beans, coffee among other commodities to sustain us and we require so many things to keep our daily life moving. These are factors that are considered as one of these main questions.

Is the commodity price stable? And what determines its stability?

The prices of different commodities depending on the country’s economic stability. Inflation and deflation may majorly affect the trading of a certain commodity. These factors majorly affect the currency exchange rate and cause more effect on those who trade on currencies. The fall in the selling price of a certain currency may cause unexpected loss to traders who bought the currency at a higher price, but it can be high time for those who are buying it currently. The instability of the market of these commodities may lead to unpredictable trading of the commodities.

Which technology can I deploy to improve productivity?

Following the advancement in technology, nearly every sector depends much on technology in the production and marketing networks of different commodities. You should ask about the kind of technology that the advisor has tried to deploy and reflected a positive profit margin.

Can you inform me about the activity track records?

Make sure that you inquire about any possible losses, low and high trading seasons and how fast can you recover from the loss and in which way, this is crucial details that can help you make a proper investment decision by proper comparison with other activities.

You can also ask about the set goals, and how often can these goals are attained by different investors and the information about the challenging factor that may fail in achieving these goals.

Having confidence and dream of future investment, we must consider getting proper advice as a key. We may incur an unrecoverable loss when we just get into activities without researching and getting a handful of information about the management and its productivity. Asking a question to advisors is a key factor since they are always there for our service. The questions that pertain our financial circumstances are also vital since it helps the advisors know more about our ability, and relate to the similar scenario that they have encountered within their fields of operation. We should also let them understand that there are some other questions we should have asked in our capacity, but we, unfortunately, missed to ask them. This will also convince the advisor about our need to know more about commodity trading activities.

You work hard for your money. Yes, it is true that money that is lost can be gained again. But, a person that is smart with their money puts their money to work for them by making smart investments. Working with a professional money manager or a commodity trading adviser can help you to make the best money managing decisions. But not all trading advisers or money managers are created equal and you do not want to be lead astray to risky investments with your hard-earned cash. I have put together a list of twelve questions that you should know the answers to before meeting with a trading advisory or money manager.

Scenario 2 – Interview questions – when you want to find a job as a commodity trader

Of course after the first question “why do you want to work in commodities trading” next can be:

1.) What are your goals or objectives as an individual investor?

As an investor it is your responsibility to have an outline of what your goals are. You should know what you hope to achieve from investing and a plan in place to get there.

2.) Do you have a reliable way of selecting a commodity trading adviser? In order to choose one that is reputable and trustworthy you’ll need a method whether based on the length of their track record or how their performance was indifferent marketing situations or maybe what their methods are to maximize profits and minimize loss. Do they have the ability to adapt to unforeseen events?

3.) How does your method of selecting a commodity trading adviser give you a leg up?

4.) How much risk capital are you willing to stake and how much are you willing to lose? You’ll need to know exactly how much you are willing to risk with anyone commodity trading adviser. As an investor you need to know exactly where you plan on drawing the line.

5.) How much money do you need to produce each year from these investments? You need to know if you need to produce enough off of your investments alone to live off of.

6.) Are your goals and objectives as in individual investors something that is realistic and actually attainable or are you basing your goals on the off chance of you getting lucky? You need to how risky you plan on being with your investments,

7.) As a trader what are your expectations on the commodity trading adviser’s end? For instance if you found a commodity trading adviser that has a system that is right 50% of the time and on individual trades the profits are twice as much as the losses, it is still possible that they could lose 10 trades in a row. Are you willing to ride that losing trade out? How did the commodity trading adviser exit the losing trade and did they use stops? What is the maximum loss they accept per position?

8.) Do you want a commodity trading adviser that trades long term or short term? Or possibly even both?

9.) Are you the sole decision-maker when it comes to your investments or do you have a partner or commodity trading adviser expert involved?

10.) What percentage of your trading capital do you expect to make a year and what amount of risk are you willing to take to get there?

11.)What is the greatest peak to trough decrease you can stand?

12.) How will you be sure your method of selecting a commodity trading adviser is working? Do you know how they perform in different types of marketing such as trending, consolidating, or high volatility?