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1. You can transfer a Roth IRA from one custodian (bank, etc.) to another. However, if you do so before the CD matures, then Citibank will charge you a penalty.

2. You can trade stock within a Roth IRA at any age at which you can have a Roth IRA. You do not have to be 59 1/2 to do so.

3. You can take contributions out of a Roth IRA without federal tax at any time. You can take anything out at any time after age 59 1/2 without penalty. There is a federal tax (and 10% penalty) if you take the earnings (gain) out before age 59 1/2.

Dear X: You can transfer your money to Scott trade. Do a trustee to trustee transfer and avoid the pit falls of taking the money yourself. You Scott account will then be self-directed and you can trade all you want. You can take out gains and principal if the holding requirement is met (5 years).

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts you provided, Click on my profile to read more. Errol Quinn Enrolled Agent

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i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.

if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.