Managed Forex Accounts — in which a money manager trades a forex account on your behalf and deducts a fee or fees for the service — represents the third option available to those wishing to pursue some form of hands off trading, the other two being a Forex Signal Service and using Automated Forex Trading Software.
It is undoubtedly the most advanced of such options, because once you have set up the managed forex account with the vendor it is basically set and forget. The account manager takes care of all the rest: You pay for this service by various methods, e. Once more, it is imperative for anyone considering such a style of trading to do their own research with respect to these costs, not to mention the reputation and track record of the forex managed account team.
Aside from the above, one of the major attractions for trading some of your money in managed forex accounts is that the fund manager only gets paid when they make you a profit assuming the miscellaneous costs referred to above are minor. This is because the major source of their income generally comes from taking a cut of the money they make for you. This should be a powerful incentive for the forex account manager to trade your account diligently and successfully.
The major differences between managed forex accounts and automated forex trading software are: Things you should check for when doing your research on forex account management firms are: Perhaps a graduated commission schedule might be feasible for beginning investors such as myself, Smaller initial start-up cost for those living on monthly Social Security Lowering Risk tolerance and Capital protection is paramount to investors like me Regards Robert Oliphant.
I work for a Capital Management Company. If you are interested in Forex Managed Account, please contact me through junaid at alphanbeta dot com or visit alphanbetacapital dot com.
Please take care with emails in posts, they are subject to being spammed if not broken up the way I have edited above. Hi, can you share with me also list wtih some money managers with proved track records?
Thank you a lot for your time. Interested in Fund Manager who can manage my account on profit sharing basis with strict protection of capital. Your email address will not be published. Comments Where can I find the best forex account managers?
If you are interested in Forex Managed Account, please contact me through junaid at alphanbeta dot com or visit alphanbetacapital dot com Thanks. If you are interested, do let me know.
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