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Besides currency adjustments what is to watch out for when trading on foreign exchanges?
Their options are different too, as I understand it, as some have european style options trading. I would think after hours would be different too…perhaps requiring an extra premium for that trading.
And if the government collapses and the new junta seizes all the foreign assets…?
Pt4, Jason Ayres: Currency Options Spreads for Any Market Condition
Forex Setups Overview - ForexAutopilotRobot.com - Forex Scalping
Thinking of starting a money management firm?
ive had good success over the past 5 years trading my own personal account in equities, bonds, currencies and commodities (average return of 30% per year….including last year, when i was up 40%). a couple fo friends of mine have expressed interest in giving me a portion of their money to manage/trade for them, in return i will keep 10% of the profits.
what kind of firm do i set up to legally do this? i want this to be completely legit and not some sort of BS madoff firm. what kind of licenses, if any, do i require (i used to have a series 7 and 63, but theyve expired now).
many thanks
You do not require and can NOT have securities licenses active.
Madoff was/ is a ponzi scheme. There was nothing legit about him.
There is a ton of things you need to do. The biggest problem with what you want to, is not want to have people in your fund who are not “accredited investors.”
Details on these definitions in my 360 blog
http://blog.360.yahoo.com/blog-MRcc7V81cqUI1qzb8SDAZw–?cq=1
If you do not want to set up a private (hedge) fund, you can always just have a separate written and signed agreement with “Trading Authorization” over a brokerage account.
If your record is that good, I would set up a hedge fund. Too much to list here. I have posted this info in my prev answers somewhere.
10% of the profits? Most average managers charge 20% or more. Better managers charge 30%. I have seen as high as 5% of principle and 50% of profits. They deliver.
FOREX VIDEO - New York Session Review - December 9, 2009