I want to give my trading account to someone who would trade on my behalf. Although I don’t know that person, I would like to take that risk. How safe is it to do that. Is it legal? I understand that its risky in the stock market, but apart from that can he remove my capital deposited in my account without trading in it or without my knowledge?
Can I officially share my profits with him?
If he is not trading without your implicit knowledge, there is no risk of capital.
I don’t know if it’s legal because you obviously aren’t signing on any dotted lines.
I personally know a few victims who lost 70 percent of their capital because of over ambitious traders who placed huge quantities of out of the money options in the hope of a jackpot