Noor-3n

There is no doubt that off-exchange foreign exchange market (such as the Forex market or spot Forex market is known) is one of the most popular markets in recent years. It has poured an explosion of foreign exchange activities as manager of this strategy have. There are many reasons why choosing managers, the foreign exchange markets, including the following events: (1) the foreign exchange markets are the most liquid markets in the world, (2) the foreign exchange market trading twenty four hours a day, six days a week, (3) executives have access to a large amount of leverage at times (up to 400:1) and (4) there has been relatively little oversight and regulation of foreign exchange at the federal or state levels. Background on forex regulationsThe popularity of foreign exchange strategy has a lot of fraud hoping to make a quick buck from unsuspecting investors attracted. The frequency and the audacity of these scams have the eyes of regulators, who have tried to regulate forex managers caught, even without approval of Congress. This power struggle to remain for some groundbreaking court decisions that led to affirm the rights of foreign exchange manager unregulated. After lobbying by the regulators, Congress acted by the inclusion of a foreign exchange registration requirements of the Farm Bill passed in the spring of 2008. The Forex register in the Farm Bill requires the Commodities Futures Trading Commission (CFTC) to adopt rules to implement the framework for forex registry. Since the beginning of January 2009, the CFTC is not yet delivered its draft rule. It is expected that the CFTC, the draft legislation will release sometime during the first quarter of 2009. Under the proposed rules, it will be a comment period before they would be completed. What are the forex rules for the registration? While we do not yet know what will appear on the foreign exchange requirements for the registration, we know a few things. It is probably a legal review is required. The National Futures Association (NFA), which is the self-regulatory organization, which would for the implementation of many of the foreign exchange requirements for registration, has declared that the new exam called the 34-Series would be testing. The NFA has also requested that Forex requires managers to pass the Series 3 examination will be. The NFA has proposed to implement a new approval categories. These categories would include: Forex Commodity Pool Operator (CPO), Forex Commodity Trading Advisor (CTA), Forex Introducing Brokers (IB) Forex and Associated Person (AP). Forex Forex Registration procedures Registration proceedures are likely to be the same as the current regular commodity pool operators and commodity trading advisors. It is probable that must take place with foreign exchange trading related persons to a new test called the Series 34 exam. According to the related parties in the trial they are participating need to retain a lawyer or compliance professional to them by the NFA to carry out registration. Conclusion Forex registry is something that wanted the CFTC and the NFA for a long time. The registry is a little Hassel for some forex manager, an experienced attorney in a position to place these managers to register as soon as possible.
source: http://forexmanagement.net

related :vidoes

An Introduction To Forex Trading Part 1 of 4



Forex Trading Free Seminar Part 1



What is Forex Trading - for Beginners - Part 1