Why not trade your own money?
Mitglied seit Jan 14, 2010
2299 Posts
Nov 04, 2010 at 20:08
I think that it must be made clear from the start that when account is in profit, fee is payable every last date of the month. If no pay, no trading. I think if trader makes money, it would be stupid for account owner not to pay.
Mitglied seit Nov 09, 2010
54 Posts
Nov 16, 2010 at 09:16
Trading for someone else has it own benefits too
Slow But Steady
Jun 18, 2020 at 00:12
I think we can trade for others with their money and can share profit and loss equally but also we should involve our own money to give it reality and when our own money will be involved our mind will fully involved in our trading patteren and we will try to make profit with every trade.
Mitglied seit Jun 19, 2020
3 Posts
Jun 22, 2020 at 12:14
I think we can earn more money with our own money instead of using someone’s money.
Mitglied seit Mar 31, 2018
27 Posts
Jun 28, 2020 at 15:25
You would obviously need to trade your own Real account, prove you yourself you can be consistent, even when the market condition changes, even through the turmoil. You would need to have skin the game to keep you in check...
Once you can prove this to yourself, you can trade other people's money to MAXIMISE your gains... The problem with retail traders is that we are undercapitalized, so we take to many risks in order to compensate for our account size(Which leads to blowing your Acc).
Once you master trading, you can manage anyone account obviously using appropriate risk management in place, these gains $$$$ wise is rewarding..... consistency is the key.....No point making 10,000K this month and losing 50k next month!!
There's an Ethiopian proverb:
'Slowly by slowly the egg walks'
Meaning you need walk, before you can run, and you need to learn how run before you sprint
Mitglied seit Jul 20, 2020
341 Posts
Sep 09, 2020 at 18:35
I think the most important thing to trade in this market is to have the proper knowledge and experience of trading. Without knowledge, you can not make money from this risky market.
Mitglied seit Sep 07, 2020
72 Posts
Sep 10, 2020 at 05:34
It is always expected to trade with your own money for the better profitable return in future. You will need to have a proper knowledge and skill when it comes to trading, else it is all in vain.
Mitglied seit Jul 17, 2020
42 Posts
Oct 19, 2020 at 11:03
Just different ways of earning I would say.
Mitglied seit Jul 20, 2020
298 Posts
Oct 21, 2020 at 01:33
Emotions are a very important part of trading. Many traders cannot invest more money they feel comfortable trading with other people's money. It is possible to get quick success if the investment is high. So many people do not trade in their own money but the money of others.
Mitglied seit Aug 17, 2020
123 Posts
Oct 21, 2020 at 18:00
Trading for other people vs for yourself can differ in many ways, especially in terms of emotions and responsibility. The two are not mutually exclusive, of course.
Mitglied seit Oct 05, 2020
30 Posts
Nov 05, 2020 at 06:59
There is a lot of difference between trading for yourself and for others. We are more focused when we trade our own money because we know the importance of it. There is also an emotional or sentimental value attached to our own money.
Mitglied seit Jul 20, 2020
341 Posts
Nov 05, 2020 at 07:40
If you don't have proper knowledge about trading and forex, you can not make money from this market. You can face a great loss if you invest your money without proper trading knowledge.
Mitglied seit Jul 19, 2020
318 Posts
Dec 21, 2020 at 14:21
You can trade with your own money, if you have proper knowledge and skills about trading.
Mitglied seit Dec 14, 2020
18 Posts
Feb 09, 2021 at 05:30
Yes but I believe it is always better to trade using your own money as it reduces the accountability and liability. It is also a big risk if you trade with someone else’s money.
