There is no place to register as a trader. But yes, there is a registered account manager.
However, the best license you can trust (and the only one) is their trading history.
A well-managed account, in my point of view, should have:
• Been in the trading business for more than 5 years.
• “Burn” as least 100,000$ of his/her own money to market, losing everything he/she has and learning the lesson.
• After the shock, still coming back to trading and having a profitable trading history for more than 6 months.
• A good history means:
o Positive pips gain
o Average winning is stable, not some time win 1,000 pips sometimes win 1 pip... it should be that every trade is almost the same and gains almost the same pips. This is so that the Trader is totally in control and not emotional.
o Stable earning, with every month the same from 3 to 5%; rather than this month losing and next month winning 100%. We don’t need a gambler, we need a Trader that knows how to trade and get the same result every month.
If you are looking for that kind of Trader you can find that it is extremely rare, he/she can be a real golden egg.
Regards,
Will Vu - Forex Investors since 2006
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