Hi FF
I've been running a trading bot that I wrote for a few months now, and it's not doing anything spectacular, but I'm excited enough that I told one friend at work about it.
Well, I guess he spread the word because three of my coworkers came into my office a couple days ago and basically said "we want in". I had planned on trading for friends and family sooner or later, but definitely not this "sooner" lol.
My question is, if we're just trading an office pool of a few thousand dollars, what do I need to do to trade that for them? I'm sure I could fly under the radar, and one of them offered the idea of them "gifting" me the money and I would "gift" them the returns, but I'd rather be above board with the whole thing.
Basically, to do this 100% legit, what do I need to do to trade other people's money?
As I said, I had planned on trading OPM on a larger scale in a year or so, once I had a track record, so any longer term advise would be appreciated as well
I guess it's important to mention, I'm not a broker, and have no certifications. I do have a close friend who has his series 7 though.
Where do I start? Or, is this even a good idea?
Thanks!
Seavo
Edit:
Please note: I don't have the "holy grail", I'm not making "10 pips a day", and I'm not going to offer "signals" or sell it. You can find EAs that make waaaay more $$ all over the web, but I wrote this one, and I'm partial to it
I've been running a trading bot that I wrote for a few months now, and it's not doing anything spectacular, but I'm excited enough that I told one friend at work about it.
Well, I guess he spread the word because three of my coworkers came into my office a couple days ago and basically said "we want in". I had planned on trading for friends and family sooner or later, but definitely not this "sooner" lol.
My question is, if we're just trading an office pool of a few thousand dollars, what do I need to do to trade that for them? I'm sure I could fly under the radar, and one of them offered the idea of them "gifting" me the money and I would "gift" them the returns, but I'd rather be above board with the whole thing.
Basically, to do this 100% legit, what do I need to do to trade other people's money?
As I said, I had planned on trading OPM on a larger scale in a year or so, once I had a track record, so any longer term advise would be appreciated as well
I guess it's important to mention, I'm not a broker, and have no certifications. I do have a close friend who has his series 7 though.
Where do I start? Or, is this even a good idea?
Thanks!
Seavo
Edit:
Please note: I don't have the "holy grail", I'm not making "10 pips a day", and I'm not going to offer "signals" or sell it. You can find EAs that make waaaay more $$ all over the web, but I wrote this one, and I'm partial to it