Does anyone trade for others? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Does anyone know a website which does technical analysis for you? 5 replies

Does anyone using MB Trading broker? What is the minumum trade size you can trade? 2 replies

Does anyone trade with randy candles ? 6 replies

Does anyone trade the Baht 6 replies

Does anyone trade with FX Solutions here? 0 replies

Does anyone trade for others?

  • #21
  • Jan 19, 2012 7:16am Jan 19, 2012 7:16am
Quoting Patience
lol ... nice one. Hold up a minute. Wouldn't I be one of the only people actually depositing any money?
and when you withdraw your money - here's the best bit - you get back principal and interest paid in nice shiny new Drachmas!
  • #22
  • Jan 19, 2012 8:11am Jan 19, 2012 8:11am
Quoting gammase1
and when you withdraw your money - here's the best bit - you get back principal and interest paid in nice shiny new Drachmas!
Yeeeaaaaahhh, thanks for that investment advice Gammase but I think I'll keep my powder dry .... lol. Shove Australia. I've got my beady little eyes on Greece now. Always had a penchant for Greek Islands and retsina.
Nothing worth having is easy.
  • #23
  • Jan 22, 2012 10:06pm Jan 22, 2012 10:06pm
Trading for others is not for me. I like to be ricky just for myself.
very nice, good price..!
  • #24
  • Apr 17, 2012 4:23am Apr 17, 2012 4:23am
Quoting narafa
I used to trade a mixture between my money and others money in 1 pooled account, but that was 5 years back when I had time to trade...

Back then I made sure that anyone putting money in the account will not be financially hurt or damaged in the case of partial or total loss and I also made sure all of them understood the associated risks very well...

Currently I am not trading the pooled account heavily as I used to do because of time constrains, but I still do trade on longer time frames...

Regards,

Nader
I have a system that has proved reliable. How do I go about pooling $$ into 1 account. I can't let the client see the whole account can I. Would I transfer each accounts $$ out weekly, monthly as they choose? Or better question is what about accounting per individual?
  • #25
  • Apr 17, 2012 4:30am Apr 17, 2012 4:30am
Quoting Agro
I trade managed accounts using fxmanager. It is a decent system. I do better trading other people's money as I am much more disciplined as I know they will be logging on at the end of each week to check their account balance. Also, I can trade my personal accounts pooled with my managed accounts through fxmanager so the discipline automatically flows through to my accounts. My advice would be to make the risk out to be much worse than it actually is. Hype it up massively saying this is 'super high risk investing' and make sure people only put...
did you have to do the managed practice account before setting up your real client managed account?
  • #26
  • Apr 17, 2012 8:28am Apr 17, 2012 8:28am
Quoting adianto
No, I don't trade for other people... and I'm not a money manager.

However, if anybody want to find a good money (forex) manager, I got some tips.

Anyone keen on trading forex must decide what he or she wants out of the account: smaller, but guaranteed profits over time? Or, unnecessary risk hoping for larger profits per trade? I'll personally go for the account that offers a small return on a weekly basis. If this amount is going to be more than a bank will pay on a term deposit, I'll definitely go for it. Greed is one of the cardinal sins...
if you trade without leverage forex is one of the least volatile instruments out there. 48% yearly returns is setting yourself up for more risky trades using leverage.
  • #27
  • Apr 18, 2012 2:58am Apr 18, 2012 2:58am
any ideas on a bookeeping system for pooling clients. for tax purposes did you send 1099's?

For tax purposes how did you subtract their gains from your account bal for reporting taxes?
  • #28
  • Apr 18, 2012 3:51am Apr 18, 2012 3:51am
Quoting adianto
No, I don't trade for other people... and I'm not a money manager.

However, if anybody want to find a good money (forex) manager, I got some tips.

Anyone keen on trading forex must decide what he or she wants out of the account: smaller, but guaranteed profits over time? Or, unnecessary risk hoping for larger profits per trade? I'll personally go for the account that offers a small return on a weekly basis. If this amount is going to be more than a bank will pay on a term deposit, I'll definitely go for it. Greed is one of the cardinal sins...
where on earth do people manage $1000 for 15%?. I currently manage $200k for a client and collect 30% of monthly profits. God knows ill never tourch a client like you with a long pole, its your type that disturb managers with calls every second of the day
The only way not to think about money is to have a great deal of it
  • #29
  • Last Post: Apr 18, 2012 8:57am Apr 18, 2012 8:57am
Quoting Makavelli7
where on earth do people manage $1000 for 15%?. I currently manage $200k for a client and collect 30% of monthly profits. God knows ill never tourch a client like you with a long pole, its your type that disturb managers with calls every second of the day
haha I'm starting out with 20% and they're Family Members. It'll be 30% by xmas.
0 traders viewing now