Great question, and it's an important aspect of forex trading. Having a forex license is not mandatory for individual traders, as most trading occurs on platforms provided by regulated brokers. However, if you're planning to manage funds for others or set up a forex brokerage, a license is crucial. It adds credibility, builds trust with clients, and ensures compliance with regulatory standards. Plus, regulated brokers often offer additional investor protections. So, while not a must for personal trading, it becomes vital when you're dealing with larger sums or offering financial services.
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