We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
I suppose that traders always should trade only by their own money because it teaches them a lot. It gains them experience which affords them to make good money. If you're about trading trust funds then you should decide for yourself what do you want to get from trading. Maybe you want to get rid of risks, then why did you come to trading? If you're afraid of risks and decide to take someones account and start trading then you will lose all funds of this person eventually. In my opinion, if your fear is risk then you'd better stay off trading at all.
Wouldn’t want the stress - I’m also careful when giving friends that are newer to trading advice. Always remind them that I could be wrong because I don’t want to be partly responsible if they lose. Still, I’m sure someone who is really good at it probably doesn’t stress as much and the money probably does add up.
Trading other people's money can be benefitial, but you should take it with care. If you are new to trading, then you'd better steer clear from this idea. You should make your own trading strong and consistent first, and only after it you can make a kind of a mutual fund. This idea can bring you more money, if you know what you do. The bigger your deposit, the bigger profits you'll get.
Trading with someone’s money is a big risk that one can take. I would rather trade small than borrowing from someone else. Why take the liability on yourself when you can be at peace with trading the capital that you can afford to lose.
Of course, it's more pleasant to trade someone's money, however you will never feel the experience of trading by your own money. This drive, risk, adrenaline which you feel when you trade your own money bring you a lot actually. No doubts, that if you have an ability to trade someone's money, then you can do it. Anyway, I believe that traders always should trade by their own money in order to learn trading activity and get experience. Only by these steps you will be able to become successful, because trading someone's money will never bring you such experience.
When you trade your own you feel more emotions, from negative to positive, while you are trading with someone's money, then perhaps here everything depends on how did you get this money. If your friend told you that you can get this money and do whatever you want with it, then of course, you will be emotionless because it will be nothing for you if you will accidentally lose it. However, I doubt that there are some people who can give you money without asking something in return, as a rule, people ask to multiple the sum and here of course you will feel much more emotons that you would in case of your own accumulations. It's pretty controversial question.
I know for sure that I will never dare to trade somebody’s money. I’m afraid of taking such huge responsibility. I know that I can’t guarantee anything. I’d better take responsibility for my own trades. It’s much better for me.
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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