Can someone trade forex for me


What is the best time to trade Forex?

The trading hours for these sessions are as follows:

  • Asian Session (Tokyo) – 08:00 AM to 02:00 PM MYT
  • European Session (London) – 04:00 PM to 12:30 AM MYT
  • U.S. Session (New York) – 09:00 PM to 04:00 AM MYT

How to become a successful forex trader?

How to Become a Successful Forex Trader

  • Understand the Role Psychology Plays. Forex trading is distinctly not gambling; it’s not about chance or luck. …
  • Don’t Overlook Education. You’ve probably heard that Bill Gates reads over fifty books a year and that Warren Buffet reads 500-pages a day.
  • Have a Clear Trading Plan. …
  • Trial and Error. …
  • Find the Right Tools for the Job. …

What is the best way to trade Forex?

Your Forex Trading Attitude

  • Patience. Once you know what to expect from your system, have the patience to wait for the price to reach the levels that your system indicates for either the point …
  • Discipline. Discipline is the ability to be patient—to sit on your hands until your system triggers an action point.
  • Objectivity. …
  • Realistic Expectations. …

Should I invest in forex?

  • Volatility. The volatility and liquidity of the e-mini contracts are enjoyed by the many short-term traders who participate in stock market indexes. …
  • Leverage. Futures traders can use large amounts of leverage similar to that available to forex traders. …
  • Trading hours. …

Is it legal to trade forex for someone else?

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. Go through all the risks of forex trading with your friends before accepting to trade for them.

Can you hire a forex trader?

Once you’ve decided on a forex broker, you can hire them. Remember that you should not hire an unqualified broker. A broker should be registered and regulated in your country. A broker should also be fast enough to fulfill orders.

Can you get someone to trade stocks for you?

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.

Can I trade for others?

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.

How do I meet forex traders?

2:2111:03How To Meet Full-Time Forex Traders (in your own city!) – YouTubeYouTubeStart of suggested clipEnd of suggested clipMost of the group that I found so far online came through And meetup is a website we canMoreMost of the group that I found so far online came through And meetup is a website we can find group and activities from all kind of types. And areas of life.

How did George Soros trade forex?

The method that George Soros follows is called the Global Macro Strategy, it’s one of the most successful strategies to trade currencies (forex), bonds and even some equities. It’s also known as using fundamentals to trade… something that most traders seem to miss out in their analysis.

How much does it cost to have someone trade stocks for you?

If the investor uses an online broker, the price will be $2,000. If a full-service broker is used, there will be a fee of 2% of the total trade value, with a minimum commission of $50. The total price of the shares alone is $20 * 100, or $2,000. The commission is $2,000 * 2%, or $40.

How much does it cost to have someone do stocks for you?

Most online broker houses charge between $7 and $10 per trade.

How do I get a funded trading account?

In general, a prospective funded trader has to enroll in an evaluation program or a training course and pass a final exam that reflects their skills and competencies. If the trader fits the requirements, they receive an offer to open a proprietary-funded trading account with the company.

Can I invest money on behalf of someone else?

Yes, but if you plan to invest other people’s money you’ll need the proper licenses. You may also need to be registered with the Securities and Exchange Commission.

Should I pay someone to manage my investments?

You don’t need to pay someone to manage your investments for you. In fact, you may be MUCH better off doing it on your own, and it doesn’t have to be hard or take a lot of time.

Do you need a license to day trade?

There is no license required to trade stocks in your own brokerage account. As a self-employed trader, the trading capital you use will be your own money, so if you are not a successful trader, it could be a very short-lived career.

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