{"id":12139,"date":"2016-08-02T21:15:48","date_gmt":"2016-08-03T04:15:48","guid":{"rendered":"http:\/\/www.tradingheroes.com\/?p=12139"},"modified":"2024-03-31T19:11:02","modified_gmt":"2024-04-01T02:11:02","slug":"ttl027-justin-hertzberg-forest-park","status":"publish","type":"post","link":"https:\/\/www.tradingheroes.com\/ttl027-justin-hertzberg-forest-park\/","title":{"rendered":"Justin Hertzberg: How to Become a CTA, Best Forex Brokers and How Rebates Work \/\/ EP27"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/_14i6GNqd_s?rel=0&showinfo=0\" width=\"853\" height=\"480\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><div class=\"post-aff-notice\">When you buy something through one of the links on our site, we may earn an affiliate commission.<\/div><\/p>\n<p>Managing money is one way to become a professional trader. But the process can be confusing and sometimes a little scary.<\/p>\n<p>After all, you don't want to do anything wrong.<\/p>\n<p>Of course, this podcast is for education purposes only and is not legal or trading advice.<\/p>\n<p><strong>However Justin Hertzberg works with quite a few CTAs (Commodity Trading Advisors) and was generous enough to share his experience with them, so you understand how the general process works and where to get started.<\/strong><\/p>\n<p>He is the president and CEO of Forest Park FX, a CFTC registered\/NFA member introducing brokerage firm. After working for several Forex and equities brokerage firms as both trader and in-house counsel, he launched Forex Park FX in early 2013.<\/p>\n<p>In 2008, He left the traditional practice of law to pursue a career in trading. Forest Park FX works with forex traders and money managers to create customized brokerage and trading solutions to suit their individual needs and concerns.<\/p>\n<p>The company's offerings include cash back rebates for retail clients, algorithm development, and brokerage support for money managers and CTAs, among others. He began his career as a commercial and securities litigator for a large law firm after obtaining his juris doctorate and finance MBA from the University of Miami.<\/p>\n<p>Obviously, money manager requirements will vary by country and Justin is talking about US traders in this interview. But regardless of where you live, this interview can at least point you in the right direction and help you ask the right questions.<\/p>\n<p>We also chat about what Forex Park does for their clients and how broker rebates work. Since they are an Introducing Broker and not a primary broker, they have a lot more flexibility.<\/p>\n<p>They can also be more forthcoming about what is really good for clients, since they have a variety of brokers and services to choose from. On the other hand, brokers like FXCM only have one product (basically), so that is what they will try to sell you.<\/p>\n<p>Forest Park does their best to find out what the trader needs and steers them to the right broker.<\/p>\n<p>If you have ever wondered about rebates, Justin and I get into that too. Learn how they handle rebates and their stance on what clients should get.<\/p>\n<p>This is a very informative interview, so I hope you get as much out of it as I did!<\/p>\n<h2>In This Episode<\/h2>\n<ul>\n<li>When you should become a CTA<\/li>\n<li>When you might not want to become a CTA<\/li>\n<li>CTA requirements<\/li>\n<li>How to choose a broker<\/li>\n<li>Educational backgrounds of money managers they work with<\/li>\n<li>And more!<\/li>\n<\/ul>\n<h2>Click Play to Listen to the Interview<\/h2>\n<div style=\"text-align: left;\" align=\"center\">[powerpress]<\/div>\n<h2>Resources Mentioned<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.forestparkfx.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forest Park FX<\/a>\u00a0(US traders)<\/li>\n<li><a href=\"https:\/\/www.tradingheroes.com\/services\/forestparkfx\">Forest Park FX (Non-US traders)<\/a><\/li>\n<li><a href=\"https:\/\/www.nfa.futures.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">NFA<\/a><\/li>\n<li><a href=\"https:\/\/www.cftc.gov\/index.htm\" target=\"_blank\" rel=\"noopener noreferrer\">CFTC<\/a><\/li>\n<li><a href=\"https:\/\/www.nfa.futures.org\/nfa-registration\/cta\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\">Becoming a CTA<\/a><\/li>\n<li>Call Justin at: +1 (561) 922-7616<\/li>\n<li>For questions:\u00a0<a href=\"mailto:support@forestparkfx.com\">support@forestparkfx.com<\/a><\/li>\n<\/ul>\n<h2>Other Ways To Get The Trading Lifestyle Podcast<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.tradingheroes.com\/itunes\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to subscribe via iTunes<\/a> (if you like it, a five-star review is greatly appreciated)<\/li>\n<li><a href=\"https:\/\/www.tradingheroes.com\/podcast_rss\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to subscribe via RSS<\/a> (non-iTunes feed)<\/li>\n<li><a href=\"https:\/\/s3.amazonaws.com\/th-podcast\/TTL027.mp3\" target=\"_blank\" rel=\"noopener noreferrer\">Right-click here and \u201cSave As\u201d to download the MP3<\/a><\/li>\n<li><a href=\"https:\/\/www.tradingheroes.com\/category\/podcast\/\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to hear all of the other podcast episodes<\/a><\/li>\n<\/ul>\n<h2>Thanks for Listening!<\/h2>\n<p>I really appreciate you joining me for this episode of the podcast. If you have any feedback on this episode, please be sure to leave a comment below.<\/p>\n<p>If you know of a trader who would benefit from any of the information in this post, feel free to use the social media share buttons on this post. Be sure to subscribe to the show on\u00a0<a href=\"https:\/\/www.tradingheroes.com\/itunes\" target=\"_blank\" rel=\"noopener noreferrer\">iTunes<\/a>\u00a0and if you love it, a 5-star review is greatly appreciated!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have ever wanted to become a money manager, then you should listen to this episode. Justin Hertzberg is the CEO of Forest Park FX, an Introducing Broker who works with a lot of CTAs (Commodity Trading Advisors). Learn about the process, when you might not want to do it, and more! <\/p>\n","protected":false},"author":2022,"featured_media":12140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[610],"tags":[736,908],"class_list":["post-12139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcast","tag-forex-brokers","tag-trading-experts","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Justin Hertzberg: How to Become a CTA, Best Forex Brokers and How Rebates Work \/\/ EP27 - Trading Heroes<\/title>\n<meta name=\"description\" content=\"Do you want to become a CTA? Justin Hertzberg from Forest Park FX works with several CTAs and shares how you can get started and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradingheroes.com\/ttl027-justin-hertzberg-forest-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Justin Hertzberg: How to Become a CTA, Best Forex Brokers and How Rebates Work \/\/ EP27 - Trading Heroes\" \/>\n<meta property=\"og:description\" content=\"Do you want to become a CTA? Justin Hertzberg from Forest Park FX works with several CTAs and shares how you can get started and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradingheroes.com\/ttl027-justin-hertzberg-forest-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Trading Heroes\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tradingheroes\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-03T04:15:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-01T02:11:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/justin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hugh Kimura\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@tradingheroes\" \/>\n<meta name=\"twitter:site\" content=\"@tradingheroes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Justin Hertzberg: How to Become a CTA, Best Forex Brokers and How Rebates Work \/\/ EP27 - Trading Heroes","description":"Do you want to become a CTA? 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