Trader or Money Manager?

[Rhody Trader]

What is the focus and purpose of your trading? Do you do it for yourself only? Or do you handle other people's money?

 

[ducati998]

I've answered the poll, as I like stats.
But what exactly is the purpose of the question in the first place?

cheers d998

 

[FetteredChinos]

advertising..

ahem..

(coughs)

 

[Rhody Trader]

Actually, it helps direct our efforts with the Knowledge Lab to have a better understanding of what kind of content would be of interest to the membership.

 

[ducati998]

Rhody,

Actually, it helps direct our efforts with the Knowledge Lab to have a better understanding of what kind of content would be of interest to the membership.

I would have thought that was a fairly easy question to answer, viz. an accurate, reliable, and consistent way to make profitable trades.

This covers everyone from WEB, down to your wettest behind the ears novice.


FetteredC...................advertising, so cynical, would you mean to push 1-2-1 coaching, and suchlike?

cheers d998

 

[Tuffty]

I would like to know if anyone in the UK has answered "Non-Pro Manager - Your Money and Some Others".

As far as I am aware the FSA have made the regulatory hurdles so high that it is virtually impossible to 'legally' manage any one elses money if you are an individual. I'm not aware of any way around this and would be interested to here if there is.

 

[Racer]

I would like to know if anyone in the UK has answered "Non-Pro Manager - Your Money and Some Others".

As far as I am aware the FSA have made the regulatory hurdles so high that it is virtually impossible to 'legally' manage any one elses money if you are an individual. I'm not aware of any way around this and would be interested to here if there is.

The first question says.. own account only, so if you managed your partner or your children's then you would be a non pro manager under this poll?

 

[Rhody Trader]

Correct.

 

[beeryboy]

I know you have to be FSA regulated to manage people's money, do you have to be FSA regulated to give tips? e.g. I advice a long position in xyz stock with a stop at a and a target of b? Surely this does not have to be regulated? Are all stock tipping newsletters regulated?!

 

[dbriordy]

I know for FX you dont have to be regulated(US). Form an offshore IBC and you can manage other peoples money.

 

[Mfler]

Trading with your own money is much harder.°