Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 25-12-2012, 17:04   #1
Registered User

Join Date: Jan 2012
Posts: 1
Forex currency trading on the high seas ?

Hi, my fiancee & i have just bought a boat & are about to set off sailing in Feb initially cruising South East Asia, then further afield. I would really like to be able to trade from the boat, but am extremely warey of connection drop outs ect. & have limited knowledge about remote internet accessibility. Is there anyone out there that trades from a yacht or is familiar with connecting to the net & staying connected in the middle of no where at the most cost effective way?
__________________

__________________
Hope is offline   Reply With Quote
Old 25-12-2012, 17:35   #2
Registered User

Join Date: Dec 2009
Posts: 3,016
Images: 4
Re: Forex currency trading on the high seas ?

Connection dropouts in SE Asia are no worse than in rural areas elsewhere. My recent experience in Malaysia, Indonesia and Philippines is that service is equivalent to California. Mainly because AT&T is deservedly one of the lowest rated providers anywhere.

You won't want to be moving around while making big bets on the markets. In any one place you should be fine. And that could be quite remote as there are cell phone towers in the smallest of villages. Remote villages are often only EDGE service (just like California), while bigger areas will be HSDPA, HSPA+, or whatever.

The business side of the deal is the most refreshing. Just about ever 20 yards is a kiosk selling airtime. SIMs can be had anonymously in most cities. No contracts.
__________________

__________________
daddle is offline   Reply With Quote
Old 25-12-2012, 17:36   #3
Registered User

Join Date: Nov 2011
Location: Fethiye Turkey
Boat: Lagoon 440
Posts: 3,164
Re: Forex currency trading on the high seas ?

I distinctly remember a mate losing 250k in coffee futures on the London market some 27 years ago when he couldn't get a constant landline connection at the time from Australia, was a very sombre BBQ that evening with us not knowing the details at the time.

Sat phones will give it for you but 'economical' may be the issue....
__________________
"Political correctness is a creeping sickness that knows no boundaries"
Lagoon4us is offline   Reply With Quote
Old 27-12-2012, 15:49   #4
Registered User

Join Date: Jul 2009
Posts: 75
Re: Forex currency trading on the high seas ?

Trading Forex/Options/Commodities....it's like sitting on the other side of the table from the biggest & brightest & best funded & most tech equipped guys in the world. The outcome is predetermined. Your spotty internet connection will just move the end game closer.
__________________
Brogan007 is offline   Reply With Quote
Old 28-12-2012, 07:17   #5
Moderator Emeritus
 
GordMay's Avatar

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 31,573
Images: 240
Re: Forex currency trading on the high seas ?

Greetings and welcome aboard the CF, Hope.

I'd agree with Brogan007 & Laggoon4us.
__________________
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"



GordMay is offline   Reply With Quote
Old 28-12-2012, 07:28   #6
Senior Cruiser
 
osirissail's Avatar

Cruisers Forum Supporter

Join Date: Feb 2009
Location: A real life Zombie from FL
Boat: Gulfstar 53 - Osiris
Posts: 5,416
Images: 2
Re: Forex currency trading on the high seas ?

I would suggest reading the CF threads on WiFi antennas and connections so you can get an idea of the equipment that works best on cruising boats. And, of course, anything you are dependent upon a "provider" for maintaining and monitoring his WiFi server, the less reliable a continuous unbroken connection will be in general.

Beyond that, the only "sure" way is to invest in the same equipment and services the "big boys" use like those mega-yachts you see with up to half a dozen gigantic domes perched on their 5-spreader rigs. If you intend to make serious money in a serious business like Forex or other "options" markets then you probably need to be ready to spend serious money on your equipment to be able to compete.
__________________
osirissail is offline   Reply With Quote
Old 03-01-2013, 15:29   #7
Registered User
 
Cirque's Avatar

Join Date: Nov 2012
Location: Madison, WI
Boat: Bristol 27
Posts: 7
Re: Forex currency trading on the high seas ?

Hope - Just curious: Trading seems like a good way to make money while cruising. Are you already successfully trading? O/w, what others have said seems to be the concensus: there are one of two outcomes, you will loose money quickly or you will loose slowly.
__________________

__________________
Bristol 27
Cirque
Cirque is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 17:23.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.