Tuesday 26 April 2016

Getting a Thai Driver's License in Phuket

A few months ago I got pulled over at a Thai Road Check.   I don't even remember how often I have gone through them without a hassle.  My Canadian license has always been fine but just in case to avoid any hassles I got an International License.

If you are new to Thailand you have to be aware that you are held liable for any accidents (even when you are NOT at fault!) if you don't have an International Driver's License (IDL) and even your IDL may not hold up for insurance purposes if you have been in the country for longer than 3 months.

Mutual Acceptance of driving licenses.  Most countries, including Australia, Canada, New Zealand, the UK and the USA have this agreement with Thailand under the 1949 Geneva Convention on Road Traffic or the 1968 Vienna Convention on Road Traffic.

Things that make you go hmmm....


This time it was different.  The Thai cop wasn't sure about it and asked a Tourist Police Officer, a British Expat and funny enough the British Cop had an attitude and said it wasn't valid.  Of all the stories I hear about corrupt Thai Police, I have never ever experienced any corruption or harassment from Thai Police, they have been super friendly and just.  But not this British Tourist Police old grump...  

There wasn't much I could do but pay my 500B fine and keep going, shaking my head and cursing a fellow "Farang".

The analogy I would use is that when you're a trader you think your broker looks out for you, but some brokers (especially those with dealing desks) are actually trading against you.  So be sure to research your brokers and switch at the first sign of any shady business.

Getting your Thai Driver's License (in Phuket)

Chiang Mai and Bangkok click here

Your Thai Driver's License is more than just a license. It is also your ID as it has your Passport number on it (no need to carry copies of your passport around) and can be used to:
  • check into domestic flights
  • check into hotels
  • at the bank (even to change your address or request extra passbook pages you need ID)
  • at the cell phone stores (to apply or change services)
  • at National Parks, supposedly!   There are rumors that you should get Thai prices at National Parks but I have always been subject to the Farang tax.
Once I was asked for my passport when I wanted to pick up my Stereo at Power Buy which I had serviced under warranty...  Go figure...

When police see your Thai license they give you a big grin and wave you right on through while other Farangs queue up to have their papers inspected.

At hotels or airport the staff usually perk up and they make some conversation with you about it.

The process for a new driver's license (motorbike or car) is quite similar to the renewal process.  Note: There have been some reports that for new licenses citizens of the UK and US have not had to take a road test.

  • Document Check @ Information - Be sure to show up at 8am
    • Copy of Passport Information Page
    • Copy of Thai Visa and Entry Stamp (Visa Exempt Stamps are not valid)
    • House Certificate (you need to get this from Immigration and requires your rental contract, house owner id, and registration)
    • Doctor Medical Check - you need to see a doctor (100B) or stop at any Hospital (200 to 500B) to get a Medical Check for Drivers License
    • If renewing then your old drivers license
    • Photocopies can be done cheaply in the booth outside next to the food kiosk, but the lineup might be long.
  • Office #7 for Reflex and Color Blindness Test - You put your paperwork in the bin at the entrance, sign in and wait for the officer to call you, then you sit down and drive a simulator, you put your food on the gas and when the green light turns red then you slam the brakes.   You do this about 3 times and then you have to name of the colors that appear on the traffic light.  Which btw aren't coordinated with the position so  red might be where green is and yellow where red and so on.
  • Training Room - Before you used to watch a 1.5 hour video in English that looked like it was made in the 70s, it was quite informative.  Now there are 3 videos that are in Thai with English subtitles, they still looks old, circa 2000, and they are quite long. Also it is more interactive, you will find the Officer talking in Thai and asking questions, and then there will be a Farang round for questions.   Before you used to be done by noon but now it goes to lunch, you get a break, and then have to come back again at 1pm and watch the remaining video and have more questions asked.  Before you leave you get your paperwork back and it has a test chip card attached to it.
  • Exam Room - Someone greets you and sits you down infront of a kiosk, they take your chip card, enter it, and the test starts.  You get 50 random questions, which might repeat themselves, and pick 1, 2, 3, or 4.   Want to study?  Here are examples of the questions (with answers).
    When you are done, the system will tell you what questions are wrong and let you review the question and answers.  If you are doing two licenses, motorbike and car, you have to do the test twice.
  • Renewing License - If you passed and you are renewing then you're done!  See Payment (last step)
  • Road Test for New License* - If you are getting your license for the first time then you have to endure a Road Test.  Often you have to come back the next day for the road test and it's usually @ 1pm for Motorbike and around 3pm for cars.   In scolding hot temperatures, so bring water!  Or buy some at the food kiosk next to the entrance to information.

    Note: There have been some reports that for new licenses citizens of the UK and US have not had to take a road test.
    The instructor here is your typical macho man that likes to make fun of Farangs and blurt out orders.  You have to wait until the instructor calls your name and at that time you get your bike/car, hand the second officer your papers, and take the road test.
    • Motorcycle Road Test - You have to show that you can balance your motorbike by driving on a 1.5 foot wide strip of elevated pavement that's about 15 feet long.  You wouldn't believe how many people can't do that.  You get two tries.

      Next up you have to drive around a traffic circle.  Remember to turn left into it... you wouldn't believe it but some people turn right...  and then go down a road, turn right, go through some pilons set up and demonstrate you can swerve your motorbike around them, then go up a hill, stop at the stop sign, (some people go straight thru 555) and then return back to collect your paperwork and verdict.  There is an officer in the booth watching you from a far and traffic cameras, so don't do anything foolish.
    • Car Road Test - Slightly more difficult because you have to demonstrate parallel parking, but the Thai way which is a super exaggerated turn at almost 90 Degrees opposed to the 45 or so Degree Farang way.  Best to google some videos on you tube and watch the people taking the test before you.  This is the only time you want to be a farang, in other words, you are queued at the end of the testers.  The instructor usually ignores you and speaks only Thai, makes fun of Farangs, and then finally talks very broken English and says watch this person take the test.  I have seen spouses guide their wife's from the nearby fence and it took them a painful 15 minutes and 20 tries with near hits of the fence...  Bring Popcorn!   When the officer is satisfied you drive around the traffic circle, swerve around some cones or poles, and then drive up a hill, stop at the stop sign, continue, park your vehicle outside and return back to get your paperwork and verdict.  There is an officer in the booth watching you from a far and traffic cameras, so don't do anything foolish.
  • Payment -  You go to information, get a queue number for payment at wait infront of Office #1/2.  When your number is called you pay up, 205B for car and 155B for motorbike.  Then you go to Office #4/5 to get your picture taken, another 220B in my case.   Wait again and off you go with a smiley face and shiny new Thai Driver's License! 
It is an ASEAN driver's license but some people say it won't be recognized by other ASEAN countries if you are a foreigner, so best to have an international license too.  I drove with my Thai Motorcycle license in Cambodia and Vietnam without a problem, but also never got pulled over by the police.  In fact there weren't any road checks like here in Thailand.

The first time you get a 2 year temporary license (used to be 1 year).  If you have a Tourist Visa or Education Visa you have to renew every 2 years. With a work permit, marriage, or retirement visa you can renew for 5 years.

Overall it's not too bad BUT if you are like me and old a Tourist or Education Visa then repeating the run around (a good couple days for all the paperwork, videos, tests etc) is a pain.  At least now it's every two years!     If you can then pick a cool period of the year or a cool day so you don't have to do this in 40C temperatures!!

If you're a trader like me, you really need to pay attention to the time you spend on paperwork and licenses, I tell you one thing, at 40C temperatures it really drained me and felt like the last two days were an entire week of running around.   But it's over and at least now I can drive through road blocks with a smile and I bet I won't even get asked for my drivers license, funny how that works.

When you're trading you also need to have your paperwork handy for any withdrawals, so be sure to open up a FREE 2GB Dropbox Account to store copies of all your IDs, including your new Thai Driver's License, and bank statement and utility statement copies to verify your trading account and initiate transfers.  More on Dropbox here.

Sunday 24 April 2016

Keeping Your Cellnumber Valid

Here you are in a foreign country and you want to keep your cell number.  After all you have memorized it and given it out to your friends.  Perhaps you have it set up to receive SMS messages with your bank account updates.  What do you do. Can you keep it?  Without paying monthly fees?

Keeping Your AIS Thai Cell Number Valid


I live in Phuket at the moment and plan on traveling more again.  I'm using AIS because IMHO it is the best provider in Thailand, it used to be state owned, and now is privatized.  Their 4G is good and their plans are as low as 299B for Voice, Text, 4G Internet, and Wifi.  That's less than $10 a month. 

Of course you don't want to pay unnecessary monthly fees when you are away. So what do you do?

And how do you keep your phone number valid for the duration of your absence?

  • Switch from Post Paid to Pre Paid (from Monthly to Prepaid) -Make sure you do this on your last billing cycle to get optimum benefits of your plan.
  • Subscribe to a prepaid plan until you leave Thailand - for just 199B (less than $7) you can get an Internet only plan that allows you to receive voice calls and text messages for FREE.  Any calls you make are only a few baht per minute / text.
  • Subscribe to International Roaming - This way you still get SMS text messages.  But careful, if you answer your phone, make calls, or send messages, international roaming fees apply.
  • Top up with 20Baht (less than $1) pre-paid credit for every 30 days you will be away - Here is the thing, if you buy a prepaid plan or top up your credits, you only have 30 days validity.  That's no good if you are out of the country.   I talked with AIS Customer Service and they recommended this hack, because you get CONSECUTIVE days of validity for every top up.  So 10 top ups are 300 days.   Best to see them at a store.  If you forgot to do this in the country you can log on to their website and try topping up online. Or have a friend do it for you.
Not with AIS?  Most Thai Cell companies have similar ways to keep your cell number valid.
Not in Thailand?   Just ask your local cell provider what you can do.  Many have similar tricks.

Tuesday 19 April 2016

Killing Time

Here you are trading the Forex Market, travelling the world, or living the life of a digital nomad.  No doubt you are a jetsetter and always on the go, doing something. Successful people (and traders) typically don't sit still, neither do travel bugs. 



Sometimes however you have time on your hands.  Perhaps it's a long layover...  a long-haul flight...  maybe you have an injury that needs heeling... you caught a travel bug... sun stroke..  your latest culinary adventure has you spending more time worshipping the porcelain god... or you simply have a lot of time on your hands because you only trade like an hour a day...

So what do you do when you have time to kill?


Sure I could go on about doing sports, yoga, etc, but lets face it, you are likely a tech savvy person, inspiring to be one, or you simply want to take advantage of what technology hast to offer.

Here are some ways to kill time:.
  • Kodi TV & Exodus - This is a great Interface for Streaming and Torrents.  You can use it on your laptop or buy a cheap Android TV box and install it. First download Kodi TV (formerly XBMC) and then install Exodus  

    UPDATE January 2017:  You can now download Free Telly, which makes Kodi & Exodus  Install even easier!!Download FREE TELLY HERE.
  • Trakt.Tv - This is a great site for keeping track of what TV show episodes you have watched.  Best part is that it synchronizes with multiple apps like Kodi and DuckieTV
  • Duckie TV -chrome app for keeping track of your favorite TV episodes, has a calendar view and lets you search for torrents on multiple sites.DuckieTV
  • German MediaThek - ORF, ZDF, ARD, and all the other Austrian / German / Swiss Broadcasting Stations have online stream.  AND you can download the TV series you like, for example Tatort, the longest running Crime Show in the world, running since 1970 and up to Episode 1000 or so. 

    But wait there is more.  You can download German MediaThek Shows with this hack.  It's a MeditaThek downloader:  http://www.chip.de/artikel/ORF-Mediathek-Download_47276441.html
     
  • Online Streams - Your favorite TV Broadcasting Stations will have streams you can enjoy overseas.  I like watching the CBC's Dragon's Den for example and guess what I can also get it with torrents :)
  • http://player.fm - Postcasting is back.  There has been a resurgence of quality content.  Player.FM synchronizes your podcasts across your devices and with your PC and Laptops.

Monday 18 April 2016

Don't Pack Aspirin

A few days until your trip and you are in panic mode, what should you pack?
You're off to a foreign country and while you decided to pack light, suddenly you are thinking about bringing aspirin, multi-vitamins, sunscreen, boxes of band-aids, disinfectant spray and so on.
 
DON'T
 
All you need to worry about is underwear and socks.  Seriously that is what I found the hardest to find in South East Asia and from talking to other travelers, digital nomads, and expats, they agree that in third world countries those are items hard to find.  Unless you want to wear tighty whities and grandpa socks Made in China that are 100% synthetic and who knows what chemicals they contain.
 
Shoes are another important item.  Especially hiking shoes if you intend to go for a decent hike.  Be sure to break them in.  Sure you can find shoes just about anywhere in the world, but are they going to be a good quality and will they have the style you like in your size?  In South East Asia you just need to walk into a shoe store and they see your size 11s and will quickly wave you off "no have". 
Or you can pay full on regular price for a shoe you can get back home at a discount and really don't like at all.
 
Really all you need is a couple shorts, some shirts, underwear, socks, and shoes.  Everything else you can pretty much grab on the road.  Of course you want to research your destination a little bit to ensure the item you want to buy isn't more expensive and hard to find where you're headed. Like that crazy 30% import tax on foreign made products in Thailand that can go up to 100% for some appliances.
 
You'll also want to check the voltage, and you're better off bringing a NutriBullet if the voltage is compatible.  It doesn't hurt to do a quick google search for <your country name> online shopping <appliance name> to see what prices are like and what's readily available. Like dishwashers and countertop dishwashers in Thailand, forget about it.  Plastic storage containers in Thailand, sure but same price as in Canada.  Unless you want to go down to "Supercheap" and try your luck at one Made in China.
 
The point is, don't pack the Aspirin. In Thailand for example you won't find it at most Drugstores but sure enough every Pharmacy sells them dirt cheap and in strips of 10 so you don't have to lug around an entire bottle.  Not that I'm a fan of Aspirin anyway, although I did once nurse some plants back to health by crumbling some up and spreading it in the soil.
 
 
Oh yeah the one thing I tend to always pack is some Viennese Coffee from my travels to Austria Europe:

Forex Taurus Instagram
 
 
When it comes to trading, the same logic applies.  Don't get every single indicator you can find or someone raves about.  There are so many schmucks trying to flog their dashboards, indicators etc.
Guess what, they all pretty much show you the same thing in a different way.   You'll get by with just a handful.  3 maybe 5 at most.   Pick a few Moving Averages like SMA 50, 200, MACD, Bollinger Bands and you're good to go.  Click here for some more advanced indicators I created.
 
The point is, don't get tempted to over analyze, and keep it simple.   Pack your undies, socks, wear your best all around shoes, buy flip flops at the beach, and bring enough clothes to fit in a bag pack.

Saturday 16 April 2016

Coworking Office Spaces in Thailand

For digital nomads and expats alike, having an office space can be a must to separate work & life or when space is limited at your accommodation.

Office spaces can be rented in Thailand at reasonable rates however with it comes added headaches, drama, and overhead expenses.   Unless you have a business visa & work permit and intend to run a business that's brick & mortar or has several employees, I wouldn't recommend it. And even then...  why run a business in Thailand, but that's another story.

Coworking Office Spaces are open concept workspaces with your typical office equipment.  Wifi, Computer Desks, Office Chairs, lounge areas, a reception, and break room facilities.  Some coworking spaces even offer mail box services.  Really convenient but as always, remember in Thailand you always want to ship with EMS or registered mail and only to secure locations/people.


Simply put, you can work in isolation, focus on your work, away from distractions at your home, and still part take in water cooler talk if you want.

Packages start at only a few dollars per hour and you can purchase different packages like weekly, monthly, or block packages of 10 hours and more.

The best part is that you aren't committed to your typical 1 year lease and ongoing monthly expenses.

Regus is one coworking space I would NOT recommend. They are expensive and remind me of a bank that has so much red tape and bureaucracy that they are more of a hassle than a convenience.

UPDATE:  A new website has emerged that has simplified finding a coworking space!  Shared Desk

https://www.sharedesk.net/referrals/27718/redeem


Here is a list of coworking spaces in Bangkok thanks to Chris The Freelancer:

I'm planning my next adventure and stumbled upon this awesome coworking website. Appears to be global and UI is similar to your AirBNB type of websites, easy to use. Quite slick!


Bangkok- Hubba - Ekkamai http://hubbathailand.com/
- Pah Creative Space - Ekkamai www.pahspace.com
- The Hive - Phrom Phong http://thehive.co.th/
- One Day Forward - Klong Toei http://www.onedaybkk.com/forward_type_price.html
- Wolf Coworking Space - Silom http://wolfwork.co/
- Launchpad - Silom http://www.launchpad.co.th/
- Draftboard - Chit Lom http://draftboard.co.th/
Here is a list of coworking spaces in the rest of  Thailand thanks to the facebook group Digital Nomads Thailand

Koh Lanta

Koh Lanta


Koh Phangan

Koh Tao

Krabi (Ao Nang)
Pattaya
Phuket
* means it also provides accommodation 

Thursday 14 April 2016

Traveling Light

Traveling light is the way to go.  Sounds simple right?

Sure. It is, until a few days before your trip and you realize you need ID, Documents, your favorite MP3s, Audio Books, Pictures, your trading logs, EAs, MQLs, PDFs of trading strategies, etc, etc etc. and your carry on is only 7kg!

Thankfully there are better ways  to store all your documents and backups of import documents like your passport, drivers license, credit cards, social insurance number, bank statements, visa documents, travel itineraries etc.


Clearly Degoo gives you far more space.  So why bother with Dropbox?

  • Two Backups are better than one!  Both applications have android apps and windows clients.
  • Dropbox allows you to sync between multiple computers and devices.  Meaning you can edit your work files,  such as an mql indicator or expert advisory on one machine and it will update the files on another machine,  for example your VPS. 
  • Degoo is more of a backup tool that is linked to one computer.  So you can backup your work files periodically and recover them if need be.  To allow syncing you have to upgrade to the pro version. 

My recommendation is to use Dropbox for files you intend to update and sync across computers regularly and to use Degoo to back up all your files. 
Free Dropbox Space



100 GB Free Backup


Tuesday 12 April 2016

New Perspective

Here I am in Rawai, Phuket Thailand sitting at my house and looking forward to traveling to get away and then I see this video...

 
 
...and I realize, hey I'm living in a pretty cool spot.    Funny how we perceive things that aren't at all what they are.  Like newbie traders that say they are doing well, in the same conversation they tell you they haven't been profitable... ever!

Sometimes you need to step back and take a "bird's eye view" (like in this video) to do a quick audit on yourself and where you are.

Same goes for... you guessed it.... trading....  sometimes you are so caught up in trading that you are losing sight of the bigger picture.   For me it goes back to the days where I made 10% profit consistently.  A DAY!   It started with per month, then per week, then per day.   And then it derailed a little when I got greedy and had 200% days and -50% days..  the rollercoaster that probably all traders go through. 

Until the day I took trading seriously, stopped making greedy and stupid mistakes, set some rules, and followed them.  Trading hasn't been as much fun, but I sure don't miss the rollercoaster of draw dawns.

Thursday 7 April 2016

Transferwise

When you're traveling you need money.  You don't want to schlepp a wad of cash around with you and bank ATM fees add up quickly.  Then there are ridiculous exchange rates.

If you are going to spend a lot of time in one country then it's best you open up an account there so you can easily transfer money between accounts. Or find a family member or friend whose account you can use.

Of course once you have a "local" account, you can still get dinged with wire transfer and bank fees.  Wait times.

All in all it's just a hassle, yeah I know first world problems right?  We are so used to using our debit and credit cards, making online payments, online transfers, that we take it for granted.

What to do?  Have a look at Transferwise

With Transferwise you can quickly and easily transfer money from a bank account in one country (and currency) to another bank account (and currency).
Click here for a FREE Transfer

Friday 1 April 2016

Crashed my Account again... I QUIT!

April Fool's.  My account is just fine.  I just thought I'd get your attention.



It's been a while since I crashed an account.

Here are some tips to keep your stress levels down:

  • DEMO:  Don't trade with real money unless you have successfully traded your strategy in demo for some time
  • LOT SIZE:  I know you are going to trade with real money anyway, so at least trade with micro lots.  0.01
  • Create multiple accounts with your broker
    • Your main account should have the amount you are comfortable losing and walking away from
    • Your other accounts are your backup accounts in case shit hits the fan. And it will.
  • PROGRESSIVE LOTS:  After each successful trade, double your lot size.  0.01 becomes 0.02, then 0.04, 0.08 and so on.  Sure it's small but you are better of making small profits than taking huge losses.
  • LOT SIZE: Find a lot size that you are comfortable with.  Starting and Ending.  Perhaps after SEVERAL MONTHS of consistent gains, 0.1 is a good start and 1.0 is a good max lot size.
If you are consistently losing then lower your lot size, change your strategy, go back to demo, or take a break.  Why?  Because at this point you are GAMBLING and not trading!