Trading for others

[MACD]

I trade for others as well as my own account. Been doing it for several years. Depending on how you structure the agreement and how you obtain accounts, it is not a problem.

 

[Gotcha]

Is this just trouble waiting to happen?

Of course not. Just tell them you make 6 ES points every day, and ask them how many contracts they want you to trade for them.

 

[Overnight]

I've been approached by a very good friend of mine who wants me to trade some money for him. I am reluctant, I was a licensed financial advisor for eight years and the stress of managing money for others was very high.

What are the FNRA rules on this. I thought I heard once if you have less than 20 clients your not required to be licensed.

What are the regulations on being compensated?

Is anyone trading for others ?

Is this just trouble waiting to happen?

Why not call the FNRA folks and ask them? It is amazing to me how so many people have so many questions, but do not finally figure out that they should call the source directly. But you had been licensed for EIGHT YEARS and still don't know what to do? *shakes head*.