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Banks love people like you. Paying 8.5% and receiving 5%...

Quite frankly, who cares what you think?

just starting out as a CTA, decided to charge 0/25 in stead of the usual 2/20 fee. feels better to only make a profit when your clients make money. would obviously be different if i head huge overhead to pay.

try to ignore P/L figures. use them to periodically evaluate the effectiveness of your strategy but don't translate the figures into tangible objects (cars, houses etc.). concentrate on trading well and the rest will follow.

Ah, I see... forget my question. You know from your experience on the simulator for the last 2 months it's possible.

So, from your experience you believe it's possible to consistently make over 300% per annum. Does that mean you have averaged that return over the last 7 years? And why ask the question?

An another MBA graduate is what the world really needs?

Okay, got a reply from the CFTC: "Commission staff initially issued Interpretative Letter 76-21 indicating that a commodity trading advisor located outside the U.S. who provides advice as to the advisability of trading futures contracts on domestic exchanges is not required to register with...

I registration isn't required I don't think I will register right now. Not looking to manage individual accounts, but rather looking at a (hedge) fund structure.

Okay, answer I got from NFA was that : "When an individual or entity located outside the U.S. solicits only non-U.S. customers, regardless of whether the individual or entity places trades at U.S. markets, based solely on the location of the individual or entity and the location of the...

Yes, I think it is probably best if I contacted the NFA to get their opinion. Thanks Aaron.

I'm a Dutchman living in the Netherlands. The arrangement is compliant with local regulations. I'd register if only I didn't have to go abroad to take the tests and could figure out a way where to get my fingerprints :)

sorry duplicate. first posting didn't work last night. it now is on the board. apologies.

Hi all, new to this board. Seems like to right place to ask my question... I have been offered the chance to offer my services as a CTA for a European firm that allows Europeans to invest in CTA's via a fund structure (direct investment is not permitted over here). Basically the fund will...