all that much when compared with average funds under management in the hedge fund industry, so if money wise. You are creating your own quasi hedge fund. This game is psychologically very difficult without the added burden of worrying about losing your friends and/or relatives savings and having them ask you every couple of days/weeks - " how's my 10k doing, have you doubled my money yet? # 7 grantx 2,331 Posts Joined Jun 2006 Harry, This has been done to death on these boards. Hmmm Billions of dollars in losses, and 100's of millions of dollars reward. As you can publish, have the legal write to publish your trades. Indecisive Trading, sometimes you might find yourself suffering from trading remorse. (Plus show accounts to demonstrate you didn't just blow it on beer.) He is giving you the money because he almost expects you to give him a handsome return (otherwise I'd assume he'd put it in a higher rate interest account). It's not worth the bragging rights to know that you picked one bottom correctly out of 10 attempts.
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Obviously you'll both want to be focusing on the positives, but how much of his capital is he prepared to risk in order to benefit from the possible reward? Is that a canadian us dollar exchange rate today winner, ergo no authorization required? Rauan explains how he is personally involved in day trading while working at TradingView. Trying to grab every last pip before a currency pair turns can cause you to hold positions too long and set you up to lose the profitable trade that you are trading. Not about to start one, but info is always good to have. As a new trader, you must accept that there is no such thing as a free lunch. To help you make it into that elusive 4 percent of winning traders, the following list shows you some of the most common reasons why forex traders lose money. Its a beautiful business is it not? Hmm not sure if you could use m/ as your access and whether this alters any professional view of you needing to be authorized or not, but worth a query? Refusing to Be Wrong, some trades just don't work out. All that switching back and forth will just make you continually lose little bits of your account at a time until your investing capital is depleted.
StupendousTrader Psychology, Risk Money Management 22 Jul 28, 2007 3:18pm Managing other people's money sambinho Home Trader 10 Mar 7, 2007 2:45am How To Lose Money Trading cyof Psychology, Risk Money Management 175 Feb 22, 2007 9:04pm Currently Active Users Viewing This Thread: 1 (0. By billion OF dollar Chin chin. Your number one job is not to make a profit, but rather to protect what you have. Is it a power of attorney-type thing? The main issues were how / who I'd have to be licensed with, and of course then there's declaring the income to the taxman etc. Good Luck "O'Neal's grip on the firm weakened after the company announced on Wednesday that it wrote down.4 billion in the third quarter, posting the biggest quarterly loss in the company's history." Mr O'Neal is entitled to US30 million in retirement benefits as well. It's best to trade with the trend.
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