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To trade in the Forex Market professionally do you need to be registered with the NFA?

I have different sources tell me yes and no. I know a lot of new bylaws have been passed to govern the Forex market and the people who trade in it. But for the ordinary person that trades for forex for friends and family do you need to be registered? Are IB and Money Managers the same thing?

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3 Responses to “To trade in the Forex Market professionally do you need to be registered with the NFA?”

  1. rubye said :
    June 26th, 2010 at 5:14 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. Lawrence said :
    June 26th, 2010 at 5:15 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. Thamotharan said :
    June 26th, 2010 at 6:06 am

    Before you go for it, trade forex tester trading – demo software. Its free.

    http://forextradingcourss.blogspot.com/




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