Currency exchange trading – Beyond that number, things get somewhat bulky and unmanageable.
It can be extremely helpful to have a lawyer, accountant, and/or banker among the members. This is not always possible, and many clubs are operating successfully without them, but if they are not members, they should be within hailing distance to give professional advice on legal and tax matters, where necessary. Clubs should also establish an account with a brokerage and get to know the customer's representative who is handling it. He can be a source of much useful information on the new and unfamiliar field the club is entering. Many brokerage houses are happy to have representatives attend occasional club meetings to explain brokerage and market operations, security analysis, and economic trends. With membership established, the club's next step is to agree on objectives and procedures: How often shall it meet?
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