How do you become a CTA ?

Discussion in 'Professional Trading' started by Samson77, Apr 29, 2005.

  1. i bought the study materials from theifm.org in january. seems good. unfortunatley i don't know how to trade futures and options, so i'm having to teach myself a foreign language. i love it though.
     
    #21     Apr 1, 2010
  2. Good luck with your study!
     
    #22     Apr 2, 2010
  3. You can also get a study guide from Securities Exam Prep Inc. with lots of sample questions.

    Sampson77:
    As a Canadian CTA before you manage money you will also need to register in your province. [Also, each state has their rules, I hear Utah is tough]. Each province has different rules, Ontario being the most onerous. Ontario requires proof of proficiency, a corporate entity, insurance, audited statements, minimum capital requirements, etc. and the requirements are getting tougher.

    In the US it's easy take an exam, pay a fee and you're done; the DDoc is for your legal liability protection; file as sec4.7 exempt and you don't even need one. Ontario however, it's $20k minimum for a lawyer just to file the application and then they may turn you down.
     
    #23     Apr 9, 2010