Why successful day traders seek investment?
Hi All,
Excuse me for the maybe ignorant questions.
1) Why is it the usual path of a successful day trader to want to show his track record for the express purpose of finding investment?
2) Surely a good day trader can continue to use the massive leverage available in FOREX to continue to take larger positions? So why do you need clients’ money when you have access to so much leverage?
3) If you did use clients’ money then you’d need to share your profits at least 50 : 50 with the client so you end up with less money than using leverage?
4) Surely it’s more hassle too? I mean you’d have to be registered as a money manager and there would be more paper work?
5) Could someone explain to me, maybe with a simple example how it’s beneficial to go after managing other people’s money in FOREX when you have access to so much leverage?
Thanks in advance for any replies.
I would appreciate articulate and detailed replies as opposed to one liners that won’t explain all of the above.
Thanks Again
Hi All,
Excuse me for the maybe ignorant questions.
1) Why is it the usual path of a successful day trader to want to show his track record for the express purpose of finding investment?
2) Surely a good day trader can continue to use the massive leverage available in FOREX to continue to take larger positions? So why do you need clients’ money when you have access to so much leverage?
3) If you did use clients’ money then you’d need to share your profits at least 50 : 50 with the client so you end up with less money than using leverage?
4) Surely it’s more hassle too? I mean you’d have to be registered as a money manager and there would be more paper work?
5) Could someone explain to me, maybe with a simple example how it’s beneficial to go after managing other people’s money in FOREX when you have access to so much leverage?
Thanks in advance for any replies.
I would appreciate articulate and detailed replies as opposed to one liners that won’t explain all of the above.
Thanks Again