Someone trading for you

Beginner Questions
1

Is it safe to give someone your MT4 password to trade for you? Since this account is separate from your broker where your money is kept? Of course apart from the risk they may lose your money on trades

2

In an ideal situation, you would and should be the sole trader. However, I have a good friend of many years who manages part of my funds along with other investors including hedge funds. He is at pro level, and I have signed a legal agreement. He then trades my account through my broker, and I can keep track of everything he does. So I could close my broker account if necessary.

Yeah, its a risk, but so is trading FX.

3

Thank you. Is your friend good and taking new clients

5

Thank you. Can you tell me an average of percentage in success. Where is he located? Can I use fusion, they’re au regulated. Because in in Oz my leverage with ice is only one in 30

6

I’m in Oz I meant

7

Hi Vikki, I suggest you contact Hal direct, who lives in Thailand. I am not able to pursue this conversation on open forum unless I have clearance from the moderator.

Sorry about that.

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8

If you have a legal agreement with someone then I think it is fine to share the password, otherwise I would not trust anyone with my trading account and money. Gone are the times when you could trust your close friends.

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9

Thanks again Steve. I will

10

To be frank, It’s not a good habit. Your account will under danger. So I personally suggest you to use your own strategy or follow other’s directions for trading. I mean other direction means copy trading and for this kind of service you should use ForexCopier. It’s safe for trading with has an option to use multiple accounts within a single platform. Just join and and choose your expert one and your trade will automatically open and close and be a part of their profitable trading.

11

As long as you have a contract it should be fine

12

You can trade forex for someone else. It can be a casual partnership that doesn’t need any certifications or a professional service for which you may have to be certified with the SEC or FINRA.