Why not trade your own money?

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.

Trading for someone else has it own benefits too

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.

I think we can earn more money with our own money instead of using someone’s money.

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

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.

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.

Just different ways of earning I would say.

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.

When we trade other people's money, we are not so much focused on how much we are responsible for our funds.

I agree, Since our own funds are involved, we are not much bothered by the end results.

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.

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.

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.

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.

But when we trade with personal funds, we are as focused as possible on the trade and on making it successful.

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.

You can trade with your own money, if you have proper knowledge and skills about trading.

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.