Hi Guys, Proposition: To trade another persons' ForeX Account. May sound rhidiculous. I have my own trading account but its not funded as much as i would like as im paying off a House. Will expire this offer when my own account reaches a reasonable amount to live off. Please read below if you are interested. If not thats cool too. Just want to make as much money as possible. ONly serious offers apply. *7 years experience in Trading. *I only hold the username and password of the account along with Account holder. *I cannot withdraw account holders fund etc. *Will want to be renumerated by the Account holder by some % of gains per month or discontinue the service. 20% of profit. Negotiable. *Heavy use of Elliott wave and fibonacci price and time cycles. *I will be doing the exact same trades as my own account. *Will want to be renumerated by the Account holder by some % of gains per month or discontinue the service. 20% of profit. Negotiable. *10% position sizing meaning 10% of capital will be risked per trade. *1 Trade maximum per day. Only trading when market meets criteria. *Will provide trading journal to Account holder on why position was taken. *Will cease trading at request of Account holder or Account Holder can change password etc. *Will be predominantly trading GBP/USD *Averaging 5-20% profit per month. *always employ stop loss. *Account holder must not interfere with open positions unless they want to cease the service. *Will trade upto 3 accounts, no more. *will show trading record. *if you are happy, please introduce others etc.
dont really understand your question. Trying to make more money for myself and as a consequence others. quite simple really. Most wont be interested. Some might. I trade their account like my own but expect to recieve some renumeration from Account holder if i turn over consistent profits.
If you are treating their account like your own, are you also going to share in the losses as well? Somehow I doubt it.
Are you saying you will trade totally not more than 3 clients' accounts maximum, including the below ones that would be introduced by the first client(s)?
my own account will show a loss just like theirs. I trade their account like my own. I place the trade in my account. I place hte trade in their account. I place the same stop and target and pyramid if profitable. Everything is the same. Quantities will be different but proportions are the same. Im comfortable with 10% position sizing. It has worked for me in the past and will work for me moving forward. Im making more money by trading a larger capital base than what i could manage. Very simple really.
3 accounts maximum. Assuming the first client is number 1. I would trade a maximum of 2 additional ones. Whether they are introduced by the first client or not is of no consequence.
That doesn't make much sense when the AUM from all 3 clients will be just too small! Besides the market should be basically quite liquid!