I did some heavy study on forex before and finally created a nice system that I did ok with live trading but I still could become a lot greater than that with more study.
But then I found out about being able to invest in other traders.
They take a cut of the profit.
The pro of doing it on yourself is that... first of all you don't need to share a small cut of your profit with someone.. and you can choose to do high risk trading.. "gambling".. for a short period.
But if you let a trader do it..
1. You don't have to spend a million hours on studying and learning how to trade and the education never really stops even once you are successful you can still continue learning.
2. You don't have to sit in front of the computer boring yourself to death looking at charts several hours per day.
Uhmm, That's it I guess.
But these 2 points are easily worth giving a pro trader a 20% share of your profit imo.
I just want to see what others think about this and why they insist on learning to trade by themselves.
I recently got this urge to become a great trader because so many pro traders sound really dumb when they talk about their system and method.
It makes me wonder how great I could become if they can become so good.
But the trader I'm investing in right now bring in on average 5% per month.
And he has recently gotten a lot better and it's probably even more per month now. He is very safe investment too because he has many years of history and thousands of trades done and has had close to none losing months.
So I really can't make myself stop investing in him and starting to trade on my own because of the pros and cons I've already mentioned.
But then I found out about being able to invest in other traders.
They take a cut of the profit.
The pro of doing it on yourself is that... first of all you don't need to share a small cut of your profit with someone.. and you can choose to do high risk trading.. "gambling".. for a short period.
But if you let a trader do it..
1. You don't have to spend a million hours on studying and learning how to trade and the education never really stops even once you are successful you can still continue learning.
2. You don't have to sit in front of the computer boring yourself to death looking at charts several hours per day.
Uhmm, That's it I guess.
But these 2 points are easily worth giving a pro trader a 20% share of your profit imo.
I just want to see what others think about this and why they insist on learning to trade by themselves.
I recently got this urge to become a great trader because so many pro traders sound really dumb when they talk about their system and method.
It makes me wonder how great I could become if they can become so good.
But the trader I'm investing in right now bring in on average 5% per month.
And he has recently gotten a lot better and it's probably even more per month now. He is very safe investment too because he has many years of history and thousands of trades done and has had close to none losing months.
So I really can't make myself stop investing in him and starting to trade on my own because of the pros and cons I've already mentioned.