Hello, guys!
I tried to trade crypto a bit, but after loosing around $2k decided that it would probably be better if I give my money to someone who really knows that he is doing...
And I found a "well-known" trader on Youtube who said "just give me API keys from your binance account and watch for your profit". I will need to pay a commission from my profits to him for managing my account on monthly basis.
And here is my questions:
1. Is it a common practice to give professionals manage your account on exchanges via API?
2. What are usual conditions for that cooperation?
3. How can I check that his REAL profitability equals DECLARED profitability?
I don't think this is the best idea, giving anyone access to your api even if you disable the ability to withdraw is not advisable. The loss you have had is the same story most other crypto users can identify with, it is how your u learn.
It's like those people selling books on how to get rich, if it really works why the hell are they having to sell books to make money.
I would rather lose my money than have someone else lose it for me.