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Nope. You can register as a Sole Proprietor with the NFA and that is sufficient. No need to register an LLC or form bank accounts or any of that stuff. However, if you register as an LLC and have bad performance, you can leave that behind if you want to try again with another corporation.

If you get the study guides from STC it should be ok. There are questions on the practice exams that were actually on the exam when I took the test. I had to look around to see if someone was playing a trick on me. If you ace the regulations (and the STC will ensure you will), just doing ok...

Do you deduct all the commissions from the capital gains? I think the answer is yes but just want to confirm

I'm having the same conundrum. Do you mean "summing" up the cash reports and netting deposits/withdrawls?

I have the same quandary. I think I'm close, but would appreciate some thoughts from people that have made the move. My day job pays about 150k and i have a non-working wife and 2 kids. I'm 40. I'm a registered CTA and have traded accounts for about 3 years. I have about 750k under...

Excellent help guys, thanks. I actually have TS also and just for the info of any others reading this thread, you can put the "@" symbol in front of any contract to get the cont. contract. e.g @YM for the current YMN06 contract etc Ryan

Newbie to the world of futures and am wondering how one creates a combined chart over contracts for say, a five or 10 year period. I see them like in the gold thread in this forum but wonder how it is done. Is there a symbol? Do you need special charting software. I use IB btw...

New to the forex markets after trading tickers for a while. I get the whole '24 hour' market deal but just in the first few weeks of observation it seems prices are almost stagnant outside of a few key times. Is it the open's (London/NY/tokyo etc) that provide the volume and volty or is it...