Information on Series 3 Exam

Discussion in 'Professional Trading' started by jmoris, Dec 7, 2004.

  1. R1234

    R1234

    I just called a Prometric testing center and they said that a calculator would be "provided for me". so I assume that I can't bring my own.

    This is a problem because I don't know how to use a standard calculator. i've used only RPN for as long as I can remember.
     
    #21     Nov 10, 2006
  2. laurentc

    laurentc

    The calculator provided is a very simple one, with basic functions...

    But that is enough to do the maths, don't worry.
     
    #22     Nov 10, 2006
  3. is the series 3 sufficient to become a legit CTA in the US, and trade futures options fx equities bonds etc on behalf of clients, or is more required?
     
    #23     Dec 9, 2006
  4. laurentc

    laurentc


    You have to pass the Series 3 first, then to register with the CFTC and to become member of the NFA ($750/year), and to draft your first disclosure documents describing your strategies/investments to be a legit CTA in the US, trading futures, options and FX on behalf of clients.


    You may not need to register (there are several exemptions from registration), but to become a CTA who manages real money and wants to promote himself as a CTA, you would need to register with the CFTC/NFA.


    You should read the regulation:

    http://www.nfa.futures.org
    http://www.nfa.futures.org/nfaManual/entireManual.asp

    http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&tpl=/ecfrbrowse/Title17/17cfr4_main_02.tpl
     
    #24     Dec 9, 2006
  5. #25     Dec 9, 2006