There are plenty of freelance traders living the life of luxury through their laptops. Many of them tend to look for warmer climates in the Caribbean or move to Asia.
There are plenty of online trading sites such as FOREX, stocks, and cryptocurrencies platforms that anyone can sign up to and begin trading. This is the easy part. The difficult part is making sure that each time you connect to your account, you are using a safe internet connection and secondly, you need to make sure that you are operating within the boundaries of the law wherever you are.
Understanding Tax Laws for Freelance Traders
As long as you understand trading or you are at least making an effort to learn how to trade, then you can easily start trading as a freelancer. However, the things that are not usually taught or some people are just aware of are tax laws.
When you move abroad to work even as a freelancer, most of the countries you will be working in will have strict working laws. If you are working online even as a trader, then you could be liable for tax. You really need to be able to understand how the tax laws in that country work as well as figure out if you need to be paying tax back in your home country.
One of the hardest things to understand about working in another country is their laws on tax and work. Some countries are fine with you staying for a short period of time and spending your money in their country. They have no problem with freelancer working online. All the country is concerned about is that you have the right permissions to be in the country, which is a VISA to make sure you do not overstay. This does not need to be a work VISA, it could be a tourist VISA for example.
On the other hand, some countries will not allow you to work online as freelancer on a tourist VISA. This is not always plainly clear and can catch some freelancers out unaware. Make sure that you consult legal advice before you dig yourself into a hole if you plan on trading while overseas.
Protecting Your Privacy While Trading Online
Another issues with living out of your suitcase as an online freelance trader is privacy on the internet. Many of the connections in lower economically developed (LEDs) countries can easily be hijacked by hackers.
On top of this, there is likely to be far more hackers in these types of countries because there are criminal organizations that recruit talented youngsters that come from poor families and exploit their talent for the soul purpose of online fraud.
Make sure you always use safe connections and two-factor authentication wherever possible. You should also consider using high grade encrypted VPN software such as ones you would use for torrent sites to disguise your identity. With encrypted connection from cafes, restaurants, bars and so on, there is no way any hacker will be able to hijack your trading accounts.
Training to Work As A Freelance Trader
There are a lot of courses out there available that claim to be able to train you as a freelancer trader. However, not all of them are legit. Some of the people that release these courses know the theory but have never traded a dime in their life. Make sure you do your research before taking their world for it and packing in your job to become a freelance trader.
If you want to find some decent course material, then check out site such as torrent sider where you will be able download some of courses you see online for free. This is as opposed to paying hundreds and sometimes thousands of pounds for the same course when it available using a torrent download.
Free courses can serve as a good way to build up your knowledge, while the ones you pay for, you need to make absolutely sure that the person that has distributed the course has proven successful as a trader themselves. Otherwise, you could just listen to someone that talks and good talk, but cannot back up their theories. The other important point is that when you do purchase a course, or software, make sure it is up to date.
For anyone that is looking to start out as a freelance trader and for those that are already trading online and living the freelancer life, make sure you understand the tax and legal laws involved with your work and place of work. Also, ensure that you have all the latest security software installed on your laptop, and lastly if you are looking to learn more about trading, make sure you do your research before following a mentor or trading trainer.