Hi all, First off, allow me to provide some context: I got into trading a little over three years ago just before my 14th birthday. I wanted to trade, but knew I needed some experience before hand, so opened a demo account which I've been using to teach myself since then, having turned the original 10,000 into just shy of 90000. I've just turned 17, and want to get into it properly, as I foresee a market crash in the near-future. I know I have to be 18 to open a trading account in my own name, but was wondering if there was any kind of custodial trading account my parents could open in my name to make this happen? For reference, I'm in the UK and have a little over £1000 I'm willing to fund my account. Can any of you help? I know most of you will probably say "wait until you're 18" but if there's any way I can get an extra year of returns and find out about it in two or three years' time, I'm going to kick myself, especially if I'm right about the recession/crash. Any help would be greatly appreciated. Thanks in advance!
You can use crypto in some defi exchange and You won’t need the help of anyone; there are as well some stock tokens you can give a look over there; if stocks is going to crash as You think will do, crypto will most probably follow or (anticipate) the move; if You are using some platform to get your signals then You can place the trade manually or even better make your own bridge; You are so young, it would not take long to design your own solution; best of luck!
My advice: just continue learning: learn options trading, you will need it definitely. It takes at least 6 months to know the basics. So, IMO you better invest your time in this challenging adventure.
crypto all the way. Easiest market for retail to get access to, easiest market for retail to make money in and for sure the only market where you can turn your 1k into something meaningful if you don't screw up.
@waqfs1233 , what instruments are you paper trading? FX? Stocks? Options? Futures? If you really cannot wait, then open an account in the name of someone you trust - parent, sibling etc. Also, as already mentioned, there is a MASSIVE difference between demo accounts and real-money accounts. In a demo, you will get great fills which won't be there in a real account. Secondly, your emotions will be totally different when you have real money on the line. Good luck!
You turned $10,000 into 90,000 in three years.... If you can do that over and over and over and over again, consistently, and compound.....you will have enough money to buy 50,000 ET websites. or 9,000 Teslas. or 1,500 Burger franchises. You have cracked the Holey Grale of trading, with which many souls can only fantasize about achieving, So how did you do it? If I were you, I'd consider selling courses, books, content, subscriptions and help everyone in the world become rich, Imagine...a World....where everyone is rich,
Coinexx,turnkeyforex allow anonymous accounts if you deposit and withdraw via crypto。 You only need a valid email address.
Liquidity issues do not present themselves in a demo or paper trading account. That is very important to keep in mind when looking at your results and assuming you can mirror them with real money. So if you are trading very small, illiquid stocks or OTC you would find the real-money world to be quite different.