The answer is Yes but below is how you must do it. Last week ForexSQ experts got an email and someone asked can someone day trade for me? The simple answer is Yes you can pay someone to trade Forex for you, Many Forex managed accounts brokers or Hedge fund managers companies provide you such this service and can trade on your behalf. You open forex account and give the user and password and they trade for you and after a while share profit with you, But this is the good part of paying someone day trade for you and handle trading for you.
Trade on a desktop or laptop during an allotted time each day, not on your smartphone in a bathroom stall at work. If you're casual and unstructured about your trading, you'll experience losses, while those who take trading seriously and work on refining their technique every day will take your money. When doing part-time trading, do it right, treat it like a part-time job or business, or don't do it at all. Most full-time traders who rely on trading as their only income end up trading part-time because they find that only a few specific hours of the day produce the best results for their strategies.
Because of this, being an independent part-time trader or an independent full-time trader often mean the same thing. In terms of money, that means not giving up very much profit potential. If they force themselves to trade all day, they would sit and watch their screen during times when good trading opportunities typically don't arise, resulting in a very similar daily profit outcome, but a much lower income per hour of time spent trading. Trade during the best times of the day for your strategy, and you won't miss out on much profit compared to trading all day.
You can easily day-trade on a part-time basis with stocks, futures, or forex. Learn the times of day that offer the best trading opportunities for your trading strategy. If trading stocks or futures, trading near the official U. For the forex market, day trading near the U. Part-time trading can work well if you trade regularly.
If you want to casually dabble you're unlikely to gain consistency, meaning you might make some money but then give it right back. Learning how to day trade successfully may seem like a full-time job, but once you've mastered your strategy and technique, day trading really only requires part-time hours.
The Balance does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results.
Can Someone Trade Forex for Me?
Investing involves risk including the possible loss of principal. Trading Day Trading. Table of Contents Expand. Table of Contents. Day Trading Stocks and Futures. Day Trading Forex Part-Time. The way a fund manager operates can vary significantly. People who use a fund manager often find it easier to have their money or capital being used by a professional rather than trade by themselves.
In a way, a money manager can also be useful when you want to diversify your investment.
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In the forex world, investors use a fund or a money manager mostly to trade currencies on their behalf, and of course to earn a profit. However, as with any form of investing, you should do your due diligence before choosing a fund manager.
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There are also different ways you can invest in a money manager to trade for you. The terms might seem to be almost similar, but there are some subtle differences. A managed forex account is also known as a forex PAMM account.
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Most of the forex accounts offer a PAMM account. With a PAMM account, the ease of investing in this account is easy.
The Short Answer:
The forex fund manager has a PAMM account with the broker. You can open an investing account and choose to invest in a PAMM fund of your choice. There is always a fee associated when using a forex fund manager.
The fee of course comes from the fact that the fund manager is trading on your behalf. Therefore, when investing in a PAMM account, you will be shown the percentage of profits that the fund manager will keep for themselves.
Foreign exchange trading
If you think this is not a good idea, think again. With a PAMM account, the commissions the fund manager gets is only when they make a profit. Therefore, there are no fees when the PAMM fund takes a loss. A forex fund works a bit differently. These are mostly closed funds.