Broker Recommendation: Presence in Japan and US

Beginner Questions
1

Hello and glad to have found this site.

I used to live in Japan. I still have a bank account, driver’s license, and valid address there.
If you are familiar with Japan, note that I do not have a My Number as I left before this new system.

I live in the US now. However, most of my clients are based in Japan, and most of the payment I receive is in yen.

I want to get into Forex both to hedge against losses of income due to times of strong dollar movement and to get into forex trading as well.

Any recommendations on brokers, methods, procedures given this scenario?

Any and all advice would be much appreciated!

3

Thanks for the reply. Sorry if I wasn’t clear.

Yes, I want to trade forex for the purpose of hedges against losses of income when converting yen to dollars and for the purpose of speculating to make money.

I am using the demo of FXCM, but I cannot open both a long and short with them.
I chatted with OANDA, and they won’t let me either even though I have a valid Japanese address.

5

Demo trading is good to test any broker, I would recommend checking with LMFX too as they are pretty decent broker and do accept US traders as well.

7

Probably tell these brokers your stay period with ticket prove or something. Sometimes it is all they look sometimes in that kind of situation. Or say when approximately you will be back. Alright, good luck and ask if anything. Globalized world, they got to have these options.

8

Hi
For traders who live in united states, it is recommended to use a regulated broker in the united states and registered with the NFA, it is also important to carry out a search on the broker to know the opinion of a trader who Use the services before you. If you are new to forex I advise you to start by opening a demo account with a broker and take the time to learn about the forex with the book on forex trading.