CTA - Series 3, Series 7, Series 9, Series 10, Series 56 NASD exams certifications - Traders Hideout | futures io social day trading
futures io futures trading


CTA - Series 3, Series 7, Series 9, Series 10, Series 56 NASD exams certifications
Updated: Views / Replies:15,073 / 41
Created: by Big Mike Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

CTA - Series 3, Series 7, Series 9, Series 10, Series 56 NASD exams certifications

  #11 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received

does anybody would advise a good source of books or other to learn for the series 3/7 exams ? thanks

Reply With Quote
 
  #12 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received


MetalTrade View Post
does anybody would advise a good source of books or other to learn for the series 3/7 exams ? thanks

I used Pass Track

but Kaplan is a also good from what I have been told.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
Reply With Quote
The following 3 users say Thank You to ZTR for this post:
 
  #13 (permalink)
Elite Member
Denison TX
 
Futures Experience: Intermediate
Platform: Ninja Trader, MultiCharts
Broker/Data: IB
Favorite Futures: ES
 
Posts: 9 since Mar 2010
Thanks: 3 given, 8 received


I always liked www.stcusa.com
Also remember you have to have a sponsor to take the Series 7
www.hdvest.com is a broker dealer easy to work with and will sponsor you to take the exam for a price.

Reply With Quote
 
  #14 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary

Haha


ZTR View Post

There are 6 ratings on Amazon, copied them all (not selecting the bad ones, only).

...bad, but all you need
...The worst study guide of all time
...Buy something else if you can
...worthless Failtrak
...Crude but effective
...there are better options

Guess, who failed the test.

Reply With Quote
 
  #15 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received


Fat Tails View Post
There are 6 ratings on Amazon, copied them all (not selecting the bad ones, only).

...bad, but all you need
...The worst study guide of all time
...Buy something else if you can
...worthless Failtrak
...Crude but effective
...there are better options

Guess, who failed the test.

This was part of a course I took. Reason I took a course? If you passed within 6 months of joining Dean Witter and made a certain score, DW reimbursed the cost, & put you up in a hotel in Orlando. I made a mini vacation out of it.

I passed it 1st time and scored really well. Though it was a lot easier than the series 7.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
Reply With Quote
 
  #16 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary

I just posted because of the psychological aspect. The ratings do not reveal anything about the book. Those who did not pass started rationalizing that probably the course was quite bad. Then they took revenge by posting a bad rating. One of them calls the course a "worthless Failtrak", quite revealing, how he chose his words.

If you go further, you can assume that those who passed the test were just happy and and saw no need to rate the course. The unlucky ones however had a stronger incentive to rate via Amazon. I believe that the customers, who posted the ratings are not representative for all the customers who bought the course.

So you cannot conclude anything from the ratings.

There are some elements that also apply to trading. Not taking full responsibility, but blaming the course book. Taking a revenge on the offending course. Rationalizing, i.e. explaining the outcome with hindsight, not stating the just causes.

Just funny.



ZTR View Post
This was part of a course I took. Reason I took a course? If you passed within 6 months of joining Dean Witter and made a certain score, DW reimbursed the cost, & put you up in a hotel in Orlando. I made a mini vacation out of it.

I passed it 1st time and scored really well. Though it was a lot easier than the series 7.


Reply With Quote
 
  #17 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

Having held these licenses, I can tell you that once you have them, anything you say can AND will be held against you. You say something in a bar and someone acts on it and loses money....watch out. The lawyers smell blood.

I would take the courses or the home study books for the knowledge, but unless you are serious about trading other peoples money, I would not get the license. As a licensed person, you are the one with the target on your back. The broker you hang your shingle with does not care about you one little bit and if you make a mistake, you are the one on the hook and the broker will hang you out to dry. Don't kid yourself about this. I've seen it happen over and over again.

Plus there is the cost of annual CE along with E&O insurance. Then there is the disclosures required every time you open an account of any kind, the annual FINRA certifications.....yuck....trading is supposed to be simple....

If you start the hedge fund, my understanding is you can trade up to 15 other peoples money without registering....you may want to research that though just to be safe....

Thats my two cents.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 7 users say Thank You to PandaWarrior for this post:
 
  #18 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


aztrader9 View Post
If you start the hedge fund, my understanding is you can trade up to 15 other peoples money without registering....you may want to research that though just to be safe....

I think that's the correct number, but you cannot solicit anyone.

Reply With Quote
 
  #19 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Master
Platform: Kinetick Ninja Trader <7>
Broker/Data: Ninja & IB
Favorite Futures: YM & Equities & Options & Mutual Funds
 
Posts: 174 since Jun 2010
Thanks: 56 given, 82 received

Reading this thread it seems the consensus is not to get licensed. Trade the trend.

Reply With Quote
The following user says Thank You to mainstream for this post:
 
  #20 (permalink)
Elite Member
Ocala, FL
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Crude, Euro, ES
 
nillz123's Avatar
 
Posts: 44 since Aug 2010
Thanks: 25 given, 30 received


I would get it . . . it seems like good education for the background of trading AND if you ever want to use it in the future to manage clients accounts or manage a hedge fund, you can.

Here's the advantages (IMHO) Also if you manage say a Futures account, you have to wait for the client to pay you your commission based on your agreement. However if you ghave your CTA license, you submit that and your disclosure agreement to yourbroker that you are trading through, and they handle the commission and remove it from the account automatically per your agreement (This is what Mirus Fuutures and Global Futures has told me). I like that. I hear about many who trade privately for an individual for a month, make great returns and then the client never pays. Because they are not licensed, the broker can't and won't do anything . . . . so you wasted a month slaving away at someone's account to make them money while you get screwed. Having a CTA license protects you from this.

Also some brokers list you on there website as a partner, and list your returns, so you will get clients easily that way as well.

Here's the disadvantages:

You do take on a liability- but that is life. You always have to take responsibilty for what you say and do.

AND

I heard that you do get "audited" and they review your PnLs, etc. I am not surehow true that is but I am sure there is some ways around this

Reply With Quote

Reply



futures io > > > CTA - Series 3, Series 7, Series 9, Series 10, Series 56 NASD exams certifications

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
What TV series do you watch? Ryanb Off-Topic 753 December 7th, 2016 09:04 AM
Series 56? RHawks Beginners and Introductions 2 November 8th, 2012 08:24 PM
not enough series lengths chris2980 EasyLanguage Programming 1 September 26th, 2012 09:09 PM
First Multi-series indicator vegasfoster NinjaTrader Programming 10 March 11th, 2010 06:37 PM
_ADXVMA_Alerts_v01_5 data series ryohkyo NinjaTrader Programming 5 March 6th, 2010 12:28 AM


All times are GMT -4. The time now is 12:40 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.13 seconds with 20 queries on phoenix via your IP 107.20.115.174