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Accepted, thanks.

Com, I didn't think so, thank you.

Wow, asking a simple question gets these responses??? The reason I asked the question is because I know a US trader who was recently shut down by the CFTC for not being registered with them. His situation is different than mine...oh, and this is part of my research.

This is aimed at USA Fx traders. When trading with our own funds do we need to register with NFA or CFTC?

I can make it. So far two of us?

I'm interested too. Martin and I had a good lunch and chat. Let keep this going! Rich-Centennial

I am trying to understand something that is very basic and fundamental, but I'm missing what I feel is a critical step in Fx in going long or short in the crosses. Being in the USA, all my transactions start and end with the USD. So...say I go long on a pair, EURUSD, I am selling dollars and...

This is only the 'pros' for me personally of Fx vs stocks. Two [major] items for me (I'm in the USA) is: 1) There are fewer currencies to research and track than individual stocks. That saves me time. 2) Starting Sunday afternoon through Friday afternoon (MT), the currency sessions are...

Great, thanks for the response! I was thinking and expecting it would be pretty simple.

I'm not quite ready to go live, but just looking ahead on how to treat the cash flow. by the end of the year, maybe sooner, Fx will be my income source. I have a single member LLC which I will be trading through. But I have personal funds which I will transfer into a business bank account...

Anyone know the cause of the drop today? Almost 100 pips...

Just a quick question about times of the year for Fx trading. Are there optimal and not so optimal times of the year for trading Fx? Holidays, end of calendar year etc?

Not yours High, the first response, just to clarify.

The response was equal to the grammar.

I didn't take as you were, it was taken as good advice. Thanks for the reassurance! Rich

Thanks for the additional links. Over the weekend I came across several references to Green's Tax Guide, and made a note to call them this week. Yes, this is only handling my own funds. Generate a profit and pay myself out of the proceeds. Rich

Great, that's what I need to know. Thanks! Rich

Hey guys, thanks for the response! I have an EIN and the Op. Agreements for this single member LLC. I plan to turn this into my day job and want to get everything squared away before I file end of year taxes. Jack and Red, are you trading for yourselves or a trader in a company? Rich

Hi, I have an LLC which I am considering doing trading through the company. The trading would only be for the company itself and not as a service to anyone. Do I need to do anything as far as licensing , certs etc? Long term this LLC would do the trading and I would pay myself out of the...

Hey, Anyone in the Denver area actively involved in Fx? I've recently started Fx and would like to see see someone trade who knows what they're doing, ha. Rich