Why not trade your own money?

Sep 16, 2010 at 07:18
4,546 Views
54 Replies
Member Since Jan 14, 2010   2299 posts
Nov 04, 2010 at 20:08
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.
Member Since Nov 09, 2010   54 posts
Nov 16, 2010 at 09:16
Trading for someone else has it own benefits too
Slow But Steady
Member Since Apr 01, 2020   231 posts
Jun 18, 2020 at 00:12
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.
Member Since Jun 19, 2020   3 posts
Jun 22, 2020 at 12:14
I think we can earn more money with our own money instead of using someone’s money.
Member Since Mar 31, 2018   27 posts
Jun 28, 2020 at 15:25

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

Member Since Jul 20, 2020   341 posts
Sep 09, 2020 at 18:35
I think the most important thing to trade in this market is to have the proper knowledge and experience of trading. Without knowledge, you can not make money from this risky market.
Member Since Sep 07, 2020   63 posts
Sep 10, 2020 at 05:34
It is always expected to trade with your own money for the better profitable return in future. You will need to have a proper knowledge and skill when it comes to trading, else it is all in vain.
Member Since Jul 17, 2020   42 posts
Oct 19, 2020 at 11:03
Just different ways of earning I would say.
Member Since Jul 20, 2020   298 posts
Oct 21, 2020 at 01:33
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.
Member Since Jul 27, 2020   81 posts
Oct 21, 2020 at 06:12
When we trade other people's money, we are not so much focused on how much we are responsible for our funds.
Member Since Apr 28, 2020   52 posts
Oct 21, 2020 at 06:42
I agree, Since our own funds are involved, we are not much bothered by the end results.
Member Since Aug 17, 2020   123 posts
Oct 21, 2020 at 18:00
Trading for other people vs for yourself can differ in many ways, especially in terms of emotions and responsibility. The two are not mutually exclusive, of course.
Member Since Oct 05, 2020   30 posts
Nov 05, 2020 at 06:59
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.
Member Since Jul 20, 2020   341 posts
Nov 05, 2020 at 07:40
If you don't have proper knowledge about trading and forex, you can not make money from this market. You can face a great loss if you invest your money without proper trading knowledge.
Member Since Nov 03, 2020   70 posts
Nov 06, 2020 at 07:39
DoraWalletInvest posted:
Trading for other people vs for yourself can differ in many ways, especially in terms of emotions and responsibility. The two are not mutually exclusive, of course.

Basically what I was thinking.
Member Since Apr 15, 2020   83 posts
Nov 28, 2020 at 13:08
But when we trade with personal funds, we are as focused as possible on the trade and on making it successful.
Member Since May 24, 2020   112 posts
Nov 29, 2020 at 11:45
Aware of the risks of loss, many are afraid to invest their personal funds, although I think this is a good incentive to be more focused and attentive.
Member Since Jul 19, 2020   318 posts
Dec 21, 2020 at 14:21
You can trade with your own money, if you have proper knowledge and skills about trading.
Member Since Oct 27, 2020   26 posts
Jan 12, 2021 at 04:18
Yes, losing someone else’s money is very disappointing and there is always a risk with it. Always better to trade with your own money.
Member Since Dec 14, 2020   18 posts
Feb 09, 2021 at 05:30
Yes but I believe it is always better to trade using your own money as it reduces the accountability and liability. It is also a big risk if you trade with someone else’s money.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.