Three Profitable Offshore Opportunities - Banking, Forex, And a Foundation The world is changing and it is changing fast. Who would have thought that small Asian economies would be leading the way out of the worst recession in seventy-five years? Who would have thought that a country like Peru would be buying dollars to alter the exchange rate and help prop up the dollar? It is a brand new world where perhaps the best place to set up a banking operation is in New Zealand although an NZOFC cannot be called a bank! Still, a tried and true solution to offshore asset management such as a Panama Private Interest Foundation remains as a profitable and secure offshore solution along with offshore banking, and opening a Forex company. More and more people are moving their assets, their talents, and themselves out of their nations of origin and into a busy, industrious, and profitable offshore world. The very wealthy have banked in tax advantaged jurisdictions for years. They have taken still take advantage of offshore asset protection and privacy vehicles such as trusts, international corporations, and foundations to shield their wealth from prying eyes and reduce the tax consequence of inheritance. However, it is the surge of expatriates from all over the globe moving and doing business all over the globe that opens the doors to profitable offshore investment opportunities. Three profitable offshore opportunities are starting a bank, forming an offshore Forex company, and using a Panama Private Interest Foundation as a holder of tangible assets, businesses, and bank accounts. There are many opportunities in today's fast moving world. We choose these three for their combination of opportunity and security. Offshore Banking in the 21st Century: an NZOFC There are many offshore banking jurisdictions. There are also a number of jurisdictions where an individual or corporation can obtain licensing and set up business offering banking services. In choosing a jurisdiction for offering offshore banking services the individual or corporation will want to search out a democratic, politically and economically stable, business friendly country. A nation where English, still the universal language, is spoken is a plus. The nation will need to have at least adequate infrastructure to support the business and ideally will have first rate telecommunications, transportation, and support services. A nation that offers a first rate offshore banking opportunity and also fits the necessary criteria for a successful offshore operation is New Zealand. This former British Crown Colony is located in the Southwest Pacific to the East of Australia. Its population is mostly descended from British immigrants and is mostly English speaking. The country is well governed with little or no corruption and its educational standards are as good as or better than the USA, Canada, and Great Britain. This is a business friendly country known for its innovative spirit. Of our three profitable offshore opportunities we put the New Zealand Offshore Financial Company (NZOFC) at the top of the list. This type of company is not governed by New Zealand banking law nor regulated by the Federal Reserve Bank of New Zealand. There are no capital reserve requirements in setting up an NZOFC. The law in New Zealand is quite specific in that an NZOFC cannot be called a bank or intimated to be a bank. However, such a company can take deposits from anywhere in the world outside of New Zealand. It can pay interests, make loans, market investments, manage trusts, and provide virtually all services that a bank might offer. Anyone from any country is free to apply for a license to operate an NZOFC. A Profitable Foreign Exchange Opportunity So, the Chinese are trading the Yuan versus the Malaysian Ringgit. The Euro is periodically in free fall as Greece and the other PIIGS reveal more sovereign debt. A flight to quality sends folks out buying Yen, US dollars, and Swiss francs. So, how do you trade foreign exchange in this hectic and uncertain world of international finance? There is certainly money to be made in Forex trading. There is, however, steady money to be made in running a Forex brokerage offshore. There are a number of jurisdictions still where it is possible to obtain a Forex license. Because of the variable degrees of infrastructure development, business friendliness, and political stability in some offshore jurisdictions it is wise to consult someone with experience to help choose a jurisdiction, obtain licensure, and initiate operations. There are a number good places from which to do business, depending up individual preference. There are also a few disadvantageous jurisdictions to be avoided. Starting out with good advice in this arena is wise. The point of setting of a Forex company is that the fees and commissions are steady income. While trading can be profitable it can also be a drain on capital. This is the old argument about selling picks and shovels when everyone else is prospecting for gold. Handling Offshore Opportunity in the Most Advantageous Manner The third offshore opportunity we mention is the Panama Private Interest Foundation. This is not directly a business opportunity but it can be a "holder" of businesses, bank accounts, and assets such as art work, yachts, airplanes, jewelry, and more. A Panama Private Interest Foundation has no owner. It does have beneficiaries. Such an entity is often used in place of a trust to pass on inheritance with minimal tax consequences. The foundation is set up in such a way and with instructions so that beneficiaries change when the first beneficiary dies. Especially for those with concerns about asset privacy and security this type of foundation will allow for individuals to benefit from assets, businesses, and bank accounts without having their personal names or other details in any public registry. A common use of a Panama Private Interest Foundation is in an integrated offshore asset protection solution containing offshore businesses, bank accounts, and other assets. Typically the foundation is the lynch pin in this solution as the holder of assets for the use and benefit of designated persons, the beneficiaries. These three profitable offshore opportunities are available to anyone interested in pursuing them. It only takes an email or phone call to an experienced individual or company to get the ball roll
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Forex Demo Accounts Explained Many of my clients and staff ask me what are views on the use of Forex demo accounts. Bottom line is I am very pro demo accounts. To the point where I have a demo account constantly running on the company systems, as well as my own Forex trading computer at home, even while I am live trading. It is running while I am away, while asleep and even while I am watching my favorite ball team play on Sunday afternoons. My demo account is an integral part of my Forex trading strategy, training, self-education and professional life. I am very familiar with the negatives associated with demo account trading, as I experienced them early on when learning to adjust from stock/option trading to Forex trading. 1. Demo accounts give a false sense of security in Forex trading. 2. The emotions of "Live Money" trading are not brought into play with demo accounts. 3. Forex demo account quote feeds are not the same as live account feeds. There are some truths to these. Demo accounts do give newcomers a false sense of security in their abilities, since the emotional involvement with a pretend trade is nowhere near the emotional rollercoaster associated with a live trade with ones own hard earned money. And I do disclose this fact to all aspiring Forex traders prior to them going live. As far as the price feeds being different on demo accounts, this just isn't true with the demo accounts we utilize. The exact same currency quote stream that feeds my demo also feeds my live accounts. They are both coming from the exact same ip address. I have heard of this problem on other demo accounts, but have no first hand experience with them. What is different is the market reaction to my demo trades (which is no market reaction) versus my live trades. On a live trade, the very next tic after I execute a trade is in the opposite direction 99.9% of the time (I will explain why in a future article). Another important difference is that the demo is where the brokers test any platform updates or changes prior to being implemented on their live platform. This may cause some instability on the demos which are not seen on the actual live platforms. The benefits to utilizing a Forex demo account however, far outweigh any of these drawbacks. The two most important reasons are learning how to use the trading platform itself, and becoming familiar the Forex market. There is no worse feeling than to jump on a trading platform, figure out how to execute a trade, make the trade, realize you made it in the wrong direction, and then spend the next fifteen minutes reading through the online instructions trying to figure out how to close the trade, all the while the market is on a surge against you. Please, practice doing everything on the demo platform you intend to use before going live. Secondly, and this cannot be stressed enough, no other market in the world is as exciting (hence volatile) as the Forex market. You can read, train and study all you want. Until you develop a feel for the Forex market and learn what we call "reading the right side of the charts," your trades will have higher probabilities of ending up in losses. And I will let you in on a little Forex secret. There are no secrets in Forex. There's not a secret trading strategy that will work for you all the time. Every strategy ever thought up, designed and marketed has also been bought, analyzed and countered by other traders and brokers (us included). You must develop a feel for the market, and there is no cheaper way of gaining market experience than with a free Forex demo account. Many other benefits also come from the use of Forex demo accounts. For example; M 5 Forex offers trading accounts with three different platforms, one for micro accounts ($25 initial minimum and 100 to 1 leverage), one for mini accounts ($200 initial and 200 to 1 leverage) and one for standard accounts ($250 and 400 to 1 leverage). We only offer one demo account though, and it is with our standard account platform. Why? It is the best, most sophisticated platform with the best charting package. Even if you sign up for our micro account and live trade on that platform, we recommend using the demo account for all your practicing, analyzing, set ups and charting. Making mistakes and taking losses on the 400 to 1 leveraged demo platform, even with pretend money, will teach you quickly to practice sound risk management strategies on every trade. It makes transitioning from the smaller account platforms to the standard account seemingly effortless. We leave the demo account charts running for audible alerts when we hit stops, profit targets, technical price levels and when certain technical indicators form. We also keep the Automatic Trading Systems that we utilize running on the demo. We seldom allow computers to automatically execute trades unattended with real money (although they can). We do let them execute the trades automatically on the demo accounts with pretend money and audibly alert us. We then check and see if we should also execute a matching live trade. The audio alerts also eliminate the need to be sitting in front of the computer 24/7 while a live trade is open, or while just waiting for the markets to do something that would require my attention. The alerts have also awoken me from a sound nap (it is a 24 hour a day market). Another great reason for Forex demo accounts is testing. We test everything here at M 5 Forex. We test platforms, techniques, signals, strategies, counter strategies, trading systems and counter trading systems. We also back test everything. In fact we back test a lot, both long and short time frames on every imaginable indicator, strategy and currency pair. Even our veteran traders continuously test and back test the 150+ indicators available on the demo platform. With a market that changes as quickly and as often as the Forex market does, this is a necessity to remain profitable. The only thing easy about Forex trading is executing the trade. That just requires a click of the mouse. There is quite a bit of work before and after that click. And the final reason I always keep the demo account running. I never - ever chart out my trading strategy on the same platform as the one where I execute the trade. And there is a very good reason for this. I do not want the broker of my live trading platform to see what I am planning on doing. Ok. I know. It's silly and superstitious. I know there absolutely no way my broker can see what I am plotting out on the chart on his platform. I also realize that even it was technically possible; the breach of ethics and legal issues would prevent these honest business professionals from ever using such a thing. But I do not place future orders on the live platform. I will explain why in another article. I am certain of one thing though. That wearing this tin foil hat on my head does prevent my trading thoughts from transmitting through the internet lines for all to see. As always - Good Trading to You.




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