Licenses

Discussion in 'Ask any question!' started by Shirey, Mar 15, 2017.

  1. Shirey

    Shirey New Member

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    just a quick question, I'm new to the markets are there any licenses required? Laws or rules I need to be aware of going forward?
     
  2. Gray Wolf

    Gray Wolf Well-Known Member

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    Not as long as you are an individual investor working for yourself. Rules: Try not to lose all your money. :D
     
  3. StockJock-e

    StockJock-e Brew Master
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    Nope, just have money in your trading account and dont lose it!
     
  4. T0rm3nted

    T0rm3nted Moderator
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    There are rules about not executing more than 4 day trades per week unless you have at least $25K in your account. You also need to be conscience of what kind of account you have because of tax reasons at the end of the year. Other than that, I can't really think of any.

    If you don't plan on being a day trader, and are only using a retirement account, then you have nothing to worry about.
     

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