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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
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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.

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