I think that it must be made clear from the start that when account is in profit, fee is payable every last date of the month. If no pay, no trading. I think if trader makes money, it would be stupid for account owner not to pay.
I think we can trade for others with their money and can share profit and loss equally but also we should involve our own money to give it reality and when our own money will be involved our mind will fully involved in our trading patteren and we will try to make profit with every trade.
You would obviously need to trade your own Real account, prove you yourself you can be consistent, even when the market condition changes, even through the turmoil. You would need to have skin the game to keep you in check...
Once you can prove this to yourself, you can trade other people's money to MAXIMISE your gains... The problem with retail traders is that we are undercapitalized, so we take to many risks in order to compensate for our account size(Which leads to blowing your Acc).
Once you master trading, you can manage anyone account obviously using appropriate risk management in place, these gains $$$$ wise is rewarding..... consistency is the key.....No point making 10,000K this month and losing 50k next month!!
There's an Ethiopian proverb:
'Slowly by slowly the egg walks'
Meaning you need walk, before you can run, and you need to learn how run before you sprint
You need to trade both your own and someone else's money. This is the best combination. Plus, you can use the help of a system that will help you trade. This way you will be emotionally involved in the trade and I hope you will succeed. Good luck.
Emotions are a very important part of trading. Many traders cannot invest more money they feel comfortable trading with other people's money. It is possible to get quick success if the investment is high. So many people do not trade in their own money but the money of others.
There is a lot of difference between trading for yourself and for others. We are more focused when we trade our own money because we know the importance of it. There is also an emotional or sentimental value attached to our own money.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.