If you own a company in the foreign exchange industry, you would do well to partner with currency exchange organizations to strengthen your business expertise and credibility. Industry organizations bring together professionals with similar goals and challenges. Members of industry organizations come from all company divisions, but all share the same objective of expanding their knowledge.

Becoming a member of the right organization opens the door to a wealth of expertise. You will be exposed to many networking opportunities, information and resources. Additionally, foreign exchange industry associations may also provide invaluable services that include new products, education opportunities and industry support. When looking for membership with a foreign exchange council, remember the following:

1. Make sure the association you're interested in is credible. Check Better Business Bureau or other industry accreditations.

2. Most organizations charge fees for memberships, so make sure you’re getting your money’s worth before you pay.

3. Some international exchange organizations don’t stipulate membership for certification.

Action Steps
The best contacts and resources to help you get it done

Become a member of an accredited foreign exchange group

Although many organizations offer information, tools and resources to non-members, you can benefit substantially from becoming a member. Membership opens the door to additional service, product and representation. Register as a business rather than as just an individual, if possible, so your employees can benefit from the membership.

I recommend: The Association for Financial Professionals, Inc. offers its members study tools, certification options and international resources, among many other offerings. The Alternative Investment Management Association provides discounts, networking opportunities and representation as part of its membership benefits.

Join foreign exchange associations that offer a full schedule of events and conferences

Events and conferences are a boon to any business. They give you an opportunity to network and share issues with industry peers. More importantly, they give your company exposure within the industry, and provide you an opportunity to further your relationships with other businesses. Try and pick organizations with nationally-recognized events.

I recommend: The Financial Markets Association and the International Organization of Securities Commissions both offer a calendar of events for educational and networking opportunities.

Take advantage of certification opportunities provided by forex organizations

Progress stops for no one, and you need to advance as a professional by keeping your industry skills sharp and current. Take advantage of educational programs and tools to assist you and your employees in knowledge development and career advancement. Many organizations offer information on upcoming seminars, conferences, business development courses and other industry-related programs, in addition to industry certifications.

I recommend: The International Group of Treasury Associations offers a selection of accreditation and educational programs. The Association of Corporate Treasurers provides day-long introductory training courses and comprehensive distance learning, among other educational offerings.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  If you're considering a foreign exchange association for its online resources, look for one with an active forum where you can discuss issues with industry experts in real time.