Q&A

Can you trade forex on behalf?

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Can you trade forex on behalf?

A managed forex account is where a money manager handles the investments and trading of the client’s account on their behalf. The world’s most popular FX platforms, the MT4 and the MT5 both feature the possibility of having a money manager manage accounts through them. This is often called a MAMM account.

How do you legally trade other people’s money?

You cannot trade securities for others without becoming licensed as an investment professional. Investment professionals must be registered with the Securities and Exchange Commission or have a federal license. There are few exceptions to this rule.

Can I pay someone to trade stocks for me?

The easiest way to trade stocks will be to pay someone else to trade stocks. There are a number of well known stock brokers, and you should not have trouble finding someone who can place trades for you and give you advice.

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Can I trade on behalf of someone else?

Registered investment adviser (RIA) On the other hand, an RIA can only advise, and the customer is required to execute the trade. But an RIA cannot trade on behalf of the customer. The fees have to be collected separately from the customer, either as a fixed fee or as \% of AUM. No profit-sharing is allowed.

Can you hire a day trader?

Hiring a trader for your trades is not advisable as the losses will be yours and in case of profits he will have his share in it. You can invest in Mutual Funds rather than hiring a trader.

How do we get started with Forex trading?

Choosing a Forex Broker. There are many forex brokers to choose from,just as in any other market.

  • Broker Actions to Avoid in Forex Trading. Sniping or Hunting.
  • Defining a Basic Forex Trading Strategy.
  • Finding Your Forex Trading Strategy.
  • Forex Trading Considerations to Remember.
  • The Bottom Line.
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    How does capital do you need to trade Forex?

    How to Determine the Minimum Capital to Start Day Trading Forex Minimum Capital for Day Trading Forex. If you must start trading right away, you can begin with $100. Understand the Risks. Learn Lot Sizes and Pip Values. Create Stop-Loss Orders. Determine Your Minimum Capital for Trading.

    What is the best way to trade Forex?

    Discipline, dispassion and trading the appropriate currency pairs based on your daily availability are the hallmarks of a successful part-time forex trader. For beginners, an automated trading program is considered the best way to break into forex trading, at least until there is a greater level of comfort with trading procedures.

    How do you get into forex trading?

    Find a broker or a bank. In order to trade on the forex market,you’ll need to go through a broker or bank.

  • Establish trading capital. A lot of capital isn’t required to start trading forex.
  • Practice on a demo account.
  • Learn the forex markets,profit targets,and trends.
  • Start small and don’t over extend.
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