tim sykes = scam artist. I wouldn't take the risk. Just pay the $400 and get the license and register with a firm. You can put it on your resume and it will help your future as additional experience in case you decide to switch fields. I don't see what all the hype is about off-shore brokers. If you want access to 10:1 or 20:1 leverage where you could EASILY cause a big hit for the firm, it seems a bit irresponsible to be too lazy to get a license. Despite how much I despise regulators and think the exam is just another government licensing scam, if you want oversight - register, get the series 7 or 56 and stop bitching.
I wouldn't move my money offshore either. And get the series 7, not the 56 if you can. The 56 has no discernible value.
agreed on that one. the 7 will allow you to do a lot more in the financial field with less additional costs. the 56 is just there to give some bonuses to regulators for the excellent job theyre doing lol
The series 7, of course, will not teach you how to trade. Munis, 33, 34, options, whatever.....it's so then you can SELL for a company and make phone calls, emails, whatever... I'm sure most people know this, but maybe not everyone... stay thirsty unless you are dehydrated.
pippi436 my post is only for stocks regards to regulatory sec or exchange oversight their are different choices out their for traders, some safer then others
No license exam will help with trading. The 7 just happens be more well known, and to be of a bit more universal value overall. Don
the 7 will allow you to enter any financial services field in the future. Say you want to accept someone's $$ and trade it for them. You will need a 7, a 56 will not cover you. There are a lot of other examples I can think of.