trading from overseas, account, wash-sale


Hi, I am new to day-trading, have read "Day-trading for Dummies" cover to cover, and that's about it.

I have many questions I hope you will be kind enough to respond to.

I am an American living in Japan, thinking about the legalities of setting up my business here, filing taxes on (hopeful) income here in yen, and avoiding the wash sale rule.

Is this possible? Would it be based on where I live, or where the site I'm using is based? I was thinking about setting up an account with thinkorswim out of Chicago, mainly because I want to try paper trading long before committing real money.

I am of course hoping to set up one account in one place, learn it, then when I feel comfortable, use the same account with real money.

Any comments or advice based on the above?
I don't know about the legalities of what you're doing (sounds legal but I don't know). The paper trader is the only and wise thing to do. Only when you're profitable doing this should you trade real money. Many brokers offer paper trading accounts. Try a few of them and see which one suits you best.