To Trade In The Forex Market Professionally Do You Need To Be Registered With The Nfa?

I have different sources tell me yes and no. I know many of the new statutes have been adopted to regulate the currency market and those who trade in it. But for the ordinary person that foreign exchange transactions for family and friends will need to register? Are IB and money managers the same thing?

To Trade In The Forex Market Professionally Do You Need To Be Registered With The Nfa?

I have different sources tell me yes and no. I know a lot of new bylaws have been passed to govern the Forex market and the people who trade in it. But for the ordinary person that trades for forex for friends and family do you need to be registered? Are IB and Money Managers the same thing?