Must have books for "Price Action" trading. | Traders Hideout


futures.io - futures trading strategies, market news, trading charts and platforms


Traders Hideout


Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons




 

Must have books for "Price Action" trading.

  #19 (permalink)

Market Wizard
Cleveland Ohio/United States
 
Trading Experience: Advanced
Platform: Tradestation
Broker/Data: Tradestation, DeCarley, others
Favorite Futures: futures
 
Posts: 2,620 since Jul 2012
Thanks: 1,355 given, 5,001 received


mastercraft29 View Post

@kevinkdog mentioned it is BS that showing trades is illegal. While I agree it is not clearly illegal, it is not totally legal either (there is a lot of gray area). If you look into this it is not BS and certainly should be a concern for anyone who is wanting to show their trades while running an educational trading business.

Please explain.

I have had multiple conversations with NFA, CFTC, IRS and experienced lawyers and CPAs in this area, and not one has said it is illegal to show actual trading performance.

What is illegal is showing any kind of performance (fake, real, hypothetical, etc) without the required government disclaimers. Some have thought they could show actual performance with the hypothetical disclaimer, and that is not true.

Please correct me if you see this as being wrong.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Follow me on Twitter Reply With Quote