Have you ever traded for someone before?

[snowpega]

It's even more dangerous to deal with a friend or even a relative. Because what's on the risk isn't just their money or yours but also the relationship that's between the two of you.

Better not to enter into these deals because only you should touch your own money and the same goes for theirs.

If they want assured profits, they go to the back with the lower interest profits rather than taking risk with you.

Yeah, this is kind of true, which I also support. Because I believe that if you love someone, then never borrow money from them. I was watching a video on social media that said something like: if you want to ruin your relationship with someone, then lend them money. Then after that, you don't need to put any effort into ruining your relationship with that person. Because whenever you ask him to return your money, the chances are higher that he will always tell you to return your money later on time. And this thing you may also know: asking for your own money again and again starts to irritate you, haha. You never lend or borrow money from someone you love. Do you agree with this point or not?

[Yorubek]

I did not and will not do it.

But what I've mostly see with the ending of this kind of partnership as they call it, is that both ends up losing the money.

Let's say the funder(investor) believes to the track record of the trader but he don't know if there are other things this trader has been doing and need the funds to.

So, he's not assured that the money he's funding the trader with is really spent to trading. What if that trader pretends to be a good one and then gambles away that money?

There's no assurance in it, and much better to avoid if there are dealings offered to you. You've got the money, use that to educate yourself in trading or whatsoever skill you want to learn.

Indeed, there are no guarantees, even when dealing with a friend. Progress often goes unmonitored, and purchasing decisions lack focus or long-term viability. At first glance, entrusting your money to someone skilled seems promising—the hope is for profits and a mutually agreed-upon share of the returns.

In reality, however, it often leads to conflict. One party wants a profit, while the other has to wait patiently for the market to recover; if urgent financial needs arise, they may be forced to cut their losses.

It's even more dangerous to deal with a friend or even a relative. Because what's on the risk isn't just their money or yours but also the relationship that's between the two of you.

Better not to enter into these deals because only you should touch your own money and the same goes for theirs.

If they want assured profits, they go to the back with the lower interest profits rather than taking risk with you.

I agree with you, there is no guarantee that we will achieve 100% success through trading. When we start trading with money from relatives or friends, the risk of losing money and ruining relationships increases manifold. Therefore, it is better not to take money from relatives, as this will reduce the chances of breaking a good relationship with them.

It is very important to understand your own research and market volatility through trading and it is necessary to use strategies. It is also very important to control greed or emotion. We enter the market at the right time by understanding the volatility of the market, but if we are not able to exit the market at the right time in the hope of making more money, then the risk of losing money increases manifold, so it is very important to control our own passion. Wise or wise people say one thing that while trading, the market is not the biggest enemy for a person, a person is his own biggest enemy.

[Joy- maker]

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

As for me, I don't even trade regularly talk more of trading for someone. As a matter of fact it will never end well, if someone gives you money to trade for him or her just know that you guys will end up quarrelling. Trading is very risky and your chance of profiting from trading is very small, compare to holding.

If i where your friend, I will simply focus on the ongoing accumulation of Bitcoin and then hold it for long term, instead of trading. Outside that, I'm not sure if he even know how to trade very well, assuming he knew he couldn't have been looking for someone to give money that would him trade.

[Plutomanian]

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

When you trade for someone, that means you will always have to double check a strategy and a trader before diving in because these persons wouldnt afford to accept excuses for losses because they handle to you their money, that means they believe in you. An agreement have been reach and it's your part to filled in the remaining part of the bargain and when you don't meet up, it leads to another.

Trading for someone is always different, we know what it means because the level of pressure coming in is always different compared to when you're trading on your own. People will expect much from you and you know trading for someone, a fixed targets is been mapped out because that's one of the solid reasons to stay up to expectations.

[boyptc]

It's even more dangerous to deal with a friend or even a relative. Because what's on the risk isn't just their money or yours but also the relationship that's between the two of you.

Better not to enter into these deals because only you should touch your own money and the same goes for theirs.

If they want assured profits, they go to the back with the lower interest profits rather than taking risk with you.

Yeah, this is kind of true, which I also support. Because I believe that if you love someone, then never borrow money from them. I was watching a video on social media that said something like: if you want to ruin your relationship with someone, then lend them money. Then after that, you don't need to put any effort into ruining your relationship with that person. Because whenever you ask him to return your money, the chances are higher that he will always tell you to return your money later on time. And this thing you may also know: asking for your own money again and again starts to irritate you, haha. You never lend or borrow money from someone you love. Do you agree with this point or not?

It's the same in trading because both of you wanting to earn and if someone isn't oriented with the risk that trading bears, and as the taker of the money and will trade for them, you're likely to get blamed forever for the losses they've made.

And that's the start of the crack of your relationship and it's hard to put it back altogether when the other side thinks of you as a crook who only took their money even if you've explained well the risk,

I agree with you, there is no guarantee that we will achieve 100% success through trading. When we start trading with money from relatives or friends, the risk of losing money and ruining relationships increases manifold. Therefore, it is better not to take money from relatives, as this will reduce the chances of breaking a good relationship with them.

It is very important to understand your own research and market volatility through trading and it is necessary to use strategies. It is also very important to control greed or emotion. We enter the market at the right time by understanding the volatility of the market, but if we are not able to exit the market at the right time in the hope of making more money, then the risk of losing money increases manifold, so it is very important to control our own passion. Wise or wise people say one thing that while trading, the market is not the biggest enemy for a person, a person is his own biggest enemy.

Not only to relatives but even with friends and strangers, just never take any money from all of them. You trade your own and that problem is eliminated when you trade.

You don't carry the burden that you have to win every trade you make. If you lose, no one's going to blame you but you.

[Mr Reporter]

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

As for me, I don't even trade regularly talk more of trading for someone. As a matter of fact it will never end well, if someone gives you money to trade for him or her just know that you guys will end up quarrelling. Trading is very risky and your chance of profiting from trading is very small, compare to holding.

It's not even right to trade for someone at all because it may later land you in big trouble someday, like trading for someone guaranteed a bigger problem in the future, because when there is no profit at the end of the trade it would look like you have preached wrong business ideas to them…from there you would even hear talks like “ it was my money you use to trade and you could not have removed 20% out of the trade” For a plays stage it would be like you have ruined my life, you do know what you are doing again to hear another talks…. And when Friendship really gets caught in the middle of money it's very bad behavior….

[freedomgo]

I like your advice, I should say you are choosing certainty and safety over uncalculated risk. This isn't just for beginner traders, but even for those who are still trying to work on their trades but have only ended up in huge and consistent losses.

I have never experienced one, because I refuse to do it. I have seen no guaranteed profits with trading, but everyone is losing from trading, even those veteran traders are still prone to losing. If you have extra funds, better to invest first with bitcoin, that way profits are quite guaranteed as long as you don't fall for panic selling.

[Bright0515]

First of all, you need to remember that the person that you are Trading for isn't really as emotionally mature as you are, as a trader you already know the risks of the market and you've braced yourself for impact but for someone that's not on that level this might be different for them which means that if you end up losing the money they gave you to trade with they might end up blaming you for their losses.

Every trader should be responsible for their own risks, I don't think it's right to trade for anyone, teach them what they need to know about the market and then allow them to explore the market by themselves. But it all depends on you, if you have an understanding with whoever you are trading for then that's okay.

[LastKiss]

~snip~

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

One of my friend asked me to do that but I refused and told him to learn trading instead. I'm afraid that I'll rekt his money and there's no guarantee that I can make a profit when trading for other people. Trading for myself already gives me a headache tho so if someone asks me to trade for them, I refuse instantly and just give them some advice. So no, I've never traded for someone before.

First of all, you need to remember that the person that you are Trading for isn't really as emotionally mature as you are, as a trader you already know the risks of the market and you've braced yourself for impact but for someone that's not on that level this might be different for them which means that if you end up losing the money they gave you to trade with they might end up blaming you for their losses.
~snip~

Yeah that's also one of the reasons I don't trade for other people. Taking on that responsibility isn't easy especially when it's someone else money where people will always make a fuss about it. Our friendship could be ruined if I lost his money while trading so I'd rather keep the friendship than get greedy over a fee for trading for him.

[RockBell]

I have not done such thing to traders before and nothing will make me to help someone to trade coins because, if anything bad happen to the person coins it will make the person to lose his or her income, it will make the person to put the blame on you, and he can take legal action towards it to make sure he or she recover the funds from you, I can only learn from traders that have more experience on crypto trading than me because it will help me to learn new things from them that will make me succeed to become a better trader like them in future, which is the wish of every new traders in this forum.

I don't think I've ever traded for anyone, and I won't in the future. If people truly want to trade, it's best for them to learn how to do so because, as you mentioned, if something goes wrong, we all have to find a way for them to take responsibility for their own coin. You are always responsible for accepting for trading for people, and to some extent, the only thing that can be expected of you in this situation is when you guys have like a contract on letting things go when eventually you lose your money.

It is better not to even put yourself in that predicament because if you do, you will need to figure out a way to refuse jobs like that because it won't be appropriate for you to accept anything from anyone who wants to trade. When you trade yourself, you are aware that you are in charge of your own money.

[Faisal2202]

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

No, never. Someone would never trust me with their money for trading haha. The amount of money I have already lost and the decisions I made, have cost me a lot of money, and it is my nature that I usually share my stories of trades I lost because I don't want any attention from anyone, because where I live I can't.

I have to maintain a simple lifestyle no matter how rich I become. I have to buy physical assets because snatching them is harder. Therefore, we have to hide the digital portfolio.

But still, even with close friends, I would never trade for them because that's risky. I have also seen many people giving this service, but if they lose all the money, you get nothing, and they will make an agreement about this first so you won't sue them.

[Rabata]

First of all, you need to remember that the person that you are Trading for isn't really as emotionally mature as you are, as a trader you already know the risks of the market and you've braced yourself for impact but for someone that's not on that level this might be different for them which means that if you end up losing the money they gave you to trade with they might end up blaming you for their losses.

Every trader should be responsible for their own risks, I don't think it's right to trade for anyone, teach them what they need to know about the market and then allow them to explore the market by themselves. But it all depends on you, if you have an understanding with whoever you are trading for then that's okay.

There is no ‍assurance of profit from trading. If someone trades with other money, then he will naturally face losses because he will not be able to remain mentally stable. Although there is no problem with the rate if you conduct trading with your own money, it is certain that some mental pressure will increase if you trade with other money. Moreover, the mentality of the person who gives the money and the mentality of the person who uses that money will not be completely the same and it is natural. Therefore, if there is no good agreement between the two, then using that money can cause more problems.

If someone can use that money while keeping in mind the possibility of that money may be lost while receiving the money, then the trader will have the opportunity to trade in his own way using that money. However, I never consider trading with other  money profitable. Especially at the personal level, I don't want to take the risk of trading using other people's money. However, at the institutional level, there are many institutions that invest with investor money.

[Donneski]

I like your advice, I should say you are choosing certainty and safety over uncalculated risk. This isn't just for beginner traders, but even for those who are still trying to work on their trades but have only ended up in huge and consistent losses.

I have never experienced one, because I refuse to do it. I have seen no guaranteed profits with trading, but everyone is losing from trading, even those veteran traders are still prone to losing. If you have extra funds, better to invest first with bitcoin, that way profits are quite guaranteed as long as you don't fall for panic selling.

Some people who are aware of these things you stated here still take the risk of trading for others, sometimes to try prove that they're trading experts who are most likely to profit in all their trades. Regardless of how experienced one becomes, the market can still humble you, that's why it's important to stick to trading for yourself alone so you can risk only what you can afford to lose. When trading for someone goes wrong, the outcome in most cases leaves the trader with so much to regret about.

[Makus]

Some people who are aware of these things you stated here still take the risk of trading for others, sometimes to try prove that they're trading experts who are most likely to profit in all their trades. Regardless of how experienced one becomes, the market can still humble you, that's why it's important to stick to trading for yourself alone so you can risk only what you can afford to lose. When trading for someone goes wrong, the outcome in most cases leaves the trader with so much to regret about.

You made a good point, it is important for those that are new to trading understand that no one can really be an expert or have a hundred percent knowledge when it comes to trading and even if they understand the market quite well it doesn't mean that they can totally avoid losses. People who allow others trade for them are doing the wrong thing, copying signals is even better because you can get to place the rrade yourself so you can understand what the market is all about. The risks of the market can affect everyone regardless of the experience that they have.

[Chilwell]

It is better not to even put yourself in that predicament because if you do, you will need to figure out a way to refuse jobs like that because it won't be appropriate for you to accept anything from anyone who wants to trade. When you trade yourself, you are aware that you are in charge of your own money.

I don't know why someone will even take this kind of risk because it is very dangerous, how on earth will you even trade for someone as if you are very confidence to bring the return for him. The only thing I will advise someone is to trade with what he can afford to lose and also showing strategy on how the trading the works, beside that let him know that it is not guarantee that he will see profit or even see the money he use.

I just been fooled with what they normally see on social media, thinking that particular person just wake up one day and start seeing profit, trading is very risky which is why we have to be careful in getting involved in all this kind of mess, most of these guys are into gambling which is normally the reason why they want to make that money in trading also but it is not possible.

[WatChe]

You made a good point, it is important for those that are new to trading understand that no one can really be an expert or have a hundred percent knowledge when it comes to trading and even if they understand the market quite well it doesn't mean that they can totally avoid losses. People who allow others trade for them are doing the wrong thing, copying signals is even better because you can get to place the rrade yourself so you can understand what the market is all about. The risks of the market can affect everyone regardless of the experience that they have.

Loses are part of every trading and we must be learn from every loss. You won't find any trader who hasn't faced any loss in trading. If you are allowing other people to do trade in place of you then you are taking a big risk with your money. I don't think that following signal is a good approach because your primary focus is to train you mind to understand how to open and close a trade. If you are not working on training your mind then you won't be able to handle wild fire of trading in the future. 

[sokani]

I don't know why someone will even take this kind of risk because it is very dangerous, how on earth will you even trade for someone as if you are very confidence to bring the return for him. The only thing I will advise someone is to trade with what he can afford to lose and also showing strategy on how the trading the works, beside that let him know that it is not guarantee that he will see profit or even see the money he use.

I just been fooled with what they normally see on social media, thinking that particular person just wake up one day and start seeing profit, trading is very risky which is why we have to be careful in getting involved in all this kind of mess, most of these guys are into gambling which is normally the reason why they want to make that money in trading also but it is not possible.

One time I came across a tweet where a user called out a trader whom he claimed he gave $10k to trade for him. The funny thing is that the trader is one of the popular forex traders in the country.

The user shared screenshots of the transaction details as well as their chats. Apparently, the trader blew off the fund and was asking for $5k to trade again. I don't know if he was able to get his money back, but from that sad story, it's evidently clear that it's not such a good idea to give someone funds to trade. The person might lose everything or even pocket it and come up with a bull story. If one cannot trade himself, it's better to buy Bitcoin or any well established atcoin and hold than to give someone fund to trade.

[Silverstonez]

I have actually heard that people give professional traders money to help them trade, and when the trader make profit from the trade he or she takes 40% as the person who did all the analysis and then give the person who provided the capital 60%.  But, my question is, what would happen if the trade goes to loss, who bears the loss? Is it the trader or the person who provided the capital? And this type of arrangement doesn't always end well, from my perspective.

[Fara Chan]

Some people who are aware of these things you stated here still take the risk of trading for others, sometimes to try prove that they're trading experts who are most likely to profit in all their trades. Regardless of how experienced one becomes, the market can still humble you, that's why it's important to stick to trading for yourself alone so you can risk only what you can afford to lose. When trading for someone goes wrong, the outcome in most cases leaves the trader with so much to regret about.

Not only is it deeply regretful when a trader fails to trade with someone else's capital, but it also leads to a commotion within the trader because someone else's capital has been wiped out. The market doesn't care at all, so every trader must be aware of this from the outset to avoid potential trouble when capital is lost due to changing market conditions. And if we want to prove ourselves as the best in trading, we can do so by achieving as much profit as possible, because most people today will focus more on the results we can achieve than on theories that haven't yet produced results. So, in this case, it's clearly better to trade with our own capital than to trade for others with theirs.

[Powerjumboo]

This topic I am creating here was a result of what we discussed offline and I feels like sharing here to know how people would reacts as well, while with friends, among us there are others there as well which was saying that he has been trading for a while now that whatever amount given to him that he would multiply it and balance back to them. That isn't a problem but what keeps wondering is that, I have been around this forum for awhile now and I have been seeing how people do lose in trading, even to the point whereby it's advisable not to trade for anyone because you wouldn't know when you will lose the entire money completely. Perhaps,  as we were discussing one of our old time friend that he is willing to give me specific amount to trade for him that he would be satisfied with whatever returns be it weekly, monthly that he is ready. Then I told him, instead of you giving out your money for trading why not buy Bitcoin and hold since that is more safer than trading because I wouldn't want where you accused me of running away with your money maybe after I may have entered wrong trade.

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

I have never taken money from anyone to trade or invest, because the cryptocurrency market is very volatile and we can lose money at any time in this volatility. When I borrow money from a friend for trading or investing and after trading and investing, if I lose money and he asks me for the money he lent me, then I have to either sell something expensive from the house and pay him back, or sell some furniture or anything else from the house and pay off the loan. So I never take a loan from anyone for investing or trading, because I always think that in the cryptocurrency market, I can lose all my money at any time, at any moment.