What it Takes to be a Trading Advisor
Article Abstract:
It is not hard to become registered as a commodity trading advisor. It is a little harder and costs a little more to be registered to manage people's money. Once an analyst or manager is registered, then they have to come up with enough capital, usually about $200,000, to set up an adequate computer and communication system. It is hard to know if an advisor is a good one or not, since there is no regulating board to govern who becomes an advisor or manager. Some characteristics of a good advisor might be mental discipline, having an even strategy without letting fear or risk enter in, and being steady throughout changing economic conditions. If an investor feels that an advisor has misrepresented himself or herself, there are channels available.
Publication Name: Futures: Magazine of Commodities & Options
Subject: Business, general
ISSN:
Year: 1984
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Telephone Advisory Services: Quick Advice for a Price
Article Abstract:
Because many commodity trading advisors found themselves on the phone most of the day, often with people who just wanted to chat, most advisors now charge for telephone advice. Some advisors also provide a recorded message service for much less than person-to-person conversation. Most advisors feel that this new approach has cut down on their phone time, but some have found that their phone calls have picked up. Some clients feel they get their moneys worth in these shorter, concentrated calls, without chit-chat. Though the phone subscriptions have been successful, the feeling is that they will never replace the newsletter as a means of communication.
Publication Name: Futures: Magazine of Commodities & Options
Subject: Business, general
ISSN:
Year: 1984
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New Ways to Trade Stocks a Booming Business
Article Abstract:
The Chicago Board Options Exchange (CBOE) is busiest at the Standard and Poor's (S and P) 100 index options pit. It has huge screen projections of market data and board movements. This option is about one year old. They feature cash settlement. This index is the largest: its daily volume is about seventy-five thousand contracts. The next largest operation is the New York Stock Exchange Options Index, with only one-eighth that amount of daily volume. A graph features a comparison of broad and narrow indexes. The S and P 100 has been more active than any other area. At present, the major action and volume are in the large indexes.
Publication Name: Futures: Magazine of Commodities & Options
Subject: Business, general
ISSN:
Year: 1984
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