TO TRADE IN THE FOREX MARKET PROFESSIONALLY DO YOU NEED TO BE REGISTERED WITH THE NFA?

I have opposite sources discuss it me yes and no. I know a lot of brand new bylaws have been upheld to oversee the Forex marketplace and the people who traffic in it. But for the typical chairman which trades for forex for friends and family do you need to be registered? Are IB and Money Managers the same thing?

No related posts.

Tags: Forex, Market, Need, Professionally, Registered, Trade

This entry was posted on Monday, November 23rd, 2009 at 10:48 am and is filed under Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “TO TRADE IN THE FOREX MARKET PROFESSIONALLY DO YOU NEED TO BE REGISTERED WITH THE NFA?”

  1. lupita Says:
    November 23rd, 2009 at 11:13 am

    Hi,
    Different countries have different laws.
    Generally speaking, if you’re just trading for your friends and relatives, you probably don’t need to be registered.
    However, if you’re looking to trade professionally (on behalf with clients), then it’s a more complicated matter.
    If you are looking for the best forex software, visit this site
    http://the-best-forex-software-in-internet.blogspot.com/
    This software is the best software that can help increase your trading profit and user friendly.
    Best Wishes,

  2. rubye Says:
    November 23rd, 2009 at 11:21 am

    No. When you mean trade professionally, do you mean trade as a full time job? If you trade for yourself, you do not need a license.

  3. Lawrence Says:
    November 23rd, 2009 at 11:51 am

    Before you go for it, trade forex tester trading – demo software. Its free.
    http://forextradingcourss.blogspot.com/

Leave a Reply