I have an acquaintance that I was describing the FOREX market to and how I trade in FOREX. Well, this acquaintance has money he wants to invest in something, either stocks, bonds, money market, or something. But he would like to invest a portion of his money into something with a little higher risk/reward to possibly give him a quicker significant return on his investment?
Anyway, since I described FOREX to him, he has checked into it, however, he does not want to personally go to all the effort to learn it and trade it himself. He has since approached me and indicated that he would like to invest a portion of his money in a Forex account and he asked me if I would be interested in managing and trading the account for him.
So a couple of questions for you guys.
1. Can someone direct me or point me in the right direction as to where I
can find some kind of contract or legal agreement for us to sign that will
protect me legally and financially?
2. He doesn't want to start out with a really large investment, but he
wants to be a reasonable size to start with. So, I'm thinking, to give him
the kind of return he has indicated he would like and let the account build
itself up, that I recommend that he invest in a minimum $2,500.00 mini
account. What do you guys think??
3. I would appreciate any other helpful advise anyone can give to help me
out?
Thanks
Anyway, since I described FOREX to him, he has checked into it, however, he does not want to personally go to all the effort to learn it and trade it himself. He has since approached me and indicated that he would like to invest a portion of his money in a Forex account and he asked me if I would be interested in managing and trading the account for him.
So a couple of questions for you guys.
1. Can someone direct me or point me in the right direction as to where I
can find some kind of contract or legal agreement for us to sign that will
protect me legally and financially?
2. He doesn't want to start out with a really large investment, but he
wants to be a reasonable size to start with. So, I'm thinking, to give him
the kind of return he has indicated he would like and let the account build
itself up, that I recommend that he invest in a minimum $2,500.00 mini
account. What do you guys think??
3. I would appreciate any other helpful advise anyone can give to help me
out?
Thanks