Is it a good idea to trade in the cryptocurrency through a friend?

Stardom22

Veteran Member
Literary Virtuoso
Registered Member
Joined
Oct 2, 2023
Messages
4,178
Highlights
10
Reaction score
160
Trophy Points
29
D Bucks
💵1.482988
Referral Credit
0
For me l would urge that one becomes a good trader when they win and loose for a significant time. As the saying goes practice makes perfect, the person can perfect the art of trading with time. Unlike when one uses a friend to trade for them, they tend to remain beginners in the trading venture.
 
I know that people invest funds for people to trade for them but it is not an ideal practice. You can easily get scammed. It is people that don't know crypto but want to earn from crypto that do such.
 
It depends on the skills of the investor, trader, time available and relationship. If the friend is an experienced investor who can be trusted, some investors may use their friends service.
 
It depends on the skills of the investor, trader, time available and relationship. If the friend is an experienced investor who can be trusted, some investors may use their friends service.
I wouldn't advise anyone to do that. If you know that you can't take the time to learn and execute trades by yourself, rest. This kind of things are what kills friendship.
 
15,932Threads
115,868Messages
351Members
Niyi BrLatest member
Top