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V. 22:5 (106-121): Traders' Resource: Advisory Services
V. 22:5 (106-121): Traders' Resource: Advisory Services
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$5.95 USD
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Traders Resource: Advisory Services
Advisory services are all over the place, as this listing shows. You have plenty of choice and plenty of price points to consider.
One key factor is whether the outfit youre checking out is a Registered Investment Advisor (RIA) or a registered Commodity Trading Advisor (CTA). Though it doesnt weed out the foolish advice, the act of registration puts the person or persons under the governments scrutiny. In this listing, filled in by the companies themselves, youll find those who have RIA and/or CTA certifications as well as those who are nonregistered advisories.
If its trading advice you seek, then track records are essential, preferably records monitored by third parties. References should also be checked and if publications are involved, back issues should be scanned. Even then, a lengthy observation period following the advisors rationale and recommendations is prudent. Commit money to trades only when you are ready to follow the advice thoroughly: Youll only have yourself to blame if you cherry-pick trades and come up with results differing from the advisors.
Advisory services are all over the place, as this listing shows. You have plenty of choice and plenty of price points to consider.
One key factor is whether the outfit youre checking out is a Registered Investment Advisor (RIA) or a registered Commodity Trading Advisor (CTA). Though it doesnt weed out the foolish advice, the act of registration puts the person or persons under the governments scrutiny. In this listing, filled in by the companies themselves, youll find those who have RIA and/or CTA certifications as well as those who are nonregistered advisories.
If its trading advice you seek, then track records are essential, preferably records monitored by third parties. References should also be checked and if publications are involved, back issues should be scanned. Even then, a lengthy observation period following the advisors rationale and recommendations is prudent. Commit money to trades only when you are ready to follow the advice thoroughly: Youll only have yourself to blame if you cherry-pick trades and come up with results differing from the advisors.
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