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?

This entry was posted on Thursday, December 31st, 2009 at 6:23 pm and is filed under FAQ's. 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.

One Response to “To Trade In The Forex Market Professionally Do You Need To Be Registered With The Nfa?”

  1. Harold Hsu Says:
    December 31st, 2009 at 8:40 pm

    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.
    Hope this helps.

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