Hi, i have been asked by a couple of pals to trade their money for them. one account of 25k and another of 42k. not sure this is allowed is it ? i know i can get a poa to trade their account for them, but do i not need to be a cta to do that ?. Thank you for the advice. losing other people's money is definitely not fun especially since it's not even my own. i must consider if i would ever lose my cool as a trader if i were to be in a draw down with other people's money.. Trading other people’s money – show notes. in episode 95 of the desire to trade podcast, i interview rauan khassan, a hard-working forex trader who has been involved in the market since 2011..
The practice of trading with other people’s money has been happening since antiquity, when rulers would commission advisors to implement strategies for many spheres, including financial.. Others have suggested i let them keep their money in their accounts, but they sign me up for trading authority. additional info: my plan is to collect a fee of 15% of the cumulative outperformance of the money vs. the s&p500. so if the portfolio goes up 20% while the market goes up 15%, i collect .75% of the original portfolio amount.. How to make a living trading other people’s money. in episode 158 of the desire to trade podcast, i sit down with stocks & futures trader jerremy newsome from real life trading to discuss how to make a living trading other people’s money (also called opm)..
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