-
Junior Member
Originally Posted by Xerof
Thos,
FX trading using CFD's is covered by legislation under the Securities Act, is considered to be futures, and therefore needs a license from FMA. Don't bother applying as you won't get it if you don't have formal experience, a lot of capital, and want to take money off the public.
If you did manage to secure a license, good luck with the trading - I hope you are one of the <5% who actually profit consistently.
I have done it, and wasn't one of the 5%....
I used a company structure, with shareholders, all of who were close business associates, so no license or prospectus needed. I dont know for certain, but I think it's tighter now than ever before.
find a regular job would be my honest advice
Xerof,
Thanks for your post, this is exactly what I was waiting to hear. I am retired so can dabble without being dependent on the returns.
Thanks again
Thos.
-
Junior Member
KW,
OK this is good information much appreciated.
Thos.
-
Junior Member
Originally Posted by NewGuy
please tell me that you are NOT using metatrader for testing??
Presently no.
But hey... Why not frame your comments to inform rather than to try and score points and criticise ??
If you have superior methods - say so.
Just sayin...
Thos.
-
Junior Member
mmm... silence...
NewGuy..
What is your preferred programme for testing having moved on from Metatrader ???
Thos.
Last edited by Thos; 07-09-2014 at 07:45 AM.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks