What is Forex Managed Account?
Do you want to trade in the highly liquidated and extremely profitable foreign exchange market, but don't want to learn all those terms, charts, indicators, and technical details that you need to be successful on your own? Then maybe you're looking for forex managed accounts. Don't know what that is? Then keep reading; maybe you'll learn a thing or two after all.
Forex managed accounts are as simple as they sound: accounts in the foreign exchange market which are managed by a trader, paid for by an investor, and result in lots of good money. There are two kinds of forex managed accounts, and each has its own advantages and disadvantages when it comes to trading in the market. It's up to you which you pick.
The first type of forex managed accounts is the robot, or the automated account. This completely automatic program is designed by experienced traders in the forex market and supplied to the investor for simplicity. This is clearly the most efficiently managed account available to you, as it takes into consideration all indicators and statistics open to it. When the time comes, the robot receives a signal—and trades. It's that easy. However, robots do lack an instinct—which can be a good thing, if you're hoping to avoid emotional trades, or a bad thing, if you want someone who'll take advantage of a huge opportunity.
The second type of forex managed accounts is the employee—the investor hires an experienced trader, someone who has long been successful in the market, to make the investor's trades for him. This is at least as good as the robot—probably because the employee designed the robot in the first place—and it's all personalized. Unlike other markets, where money is pooled to maximize profits, your trades are done in your name, and yours alone. It's forex trading by an individual, for another individual, and it stays that way. On the other hand, a personal employee to make your trades for you could cost you a lot more in commissions and fees. You can find out more about forex trading and forex accounts at http://manxuriainvestments.com/
But why should you have one of these forex managed accounts? Why can't you just casually trade on your own, like a money-making hobby on the side? Because trading in the forex market is hard work, and not just anybody can do it. This is a market in which over two trillion dollars are traded every day, and with a market that size, somebody has to be losing. Statistics indicate that that somebody is 90-95% of new traders. Without the right education, you'll lose quickly in the forex market, and education costs money, too. If you're not getting a forex managed account, then you're not getting a hobby—you're getting a job, complete with prior training and continuous studies.
Still interested in working the forex market as a hobby? Or are you sure that one of these forex managed accounts is the right thing for you? It's up to you which type you use, and it's up to you where you get the program or individual to do your trades for you—but a managed account lets you keep your job if you want and rest easy at night, knowing that you're still making money, even while you sleepFree Articles, without the hassle of training.
A Forex Managed Account is a type of investment wherein the forex money manager will trade the account on behalf of the client or investors for a split of the profits.
A managed forex account is similar to hiring a professional investment advisor to manage your traditional investment account such as equities or bonds.
Some companies implement special trading software systems to execute the trades and some manually trade it. The automated software is sometimes called a trading robot, EA's or expert advisors.
The returns and fees between managed accounts can vary and therefore it is important to research your options thoroughly before assigning your account to a professional manager.
One of the hardest parts to trading is the emotional part so automated trading systems can be a real advantage over manually trading it, just as long as the systems are being adapted by the programmers for the ever changing market conditions.
Forex managed accounts service with minimal risk - Let our professional traders manage your investment portfolio for above avarage monthly returns.
It is also important to take note that there is no such thing as the "holy grail" of trading systems. If a system was a perfect money-maker, the seller will certainly not want to share it. That is why the big financial firms keep their "black box" trading programs under lock and key. So don't be fooled by the many robots you can buy for a mere $99 on the internet promising to make you millions. Please use some common sense there!
Right now this type of account is increasingly becoming very popular for many reasons. One reason is that we have seen one of the biggest world recessions in history, and the traditional so called safe investments are given little or no return. As we write this article the banks are offering just 1% growth per year, so if you could gain 10-15% per MONTH on an alternative investment then this becomes very attractive.
The key reason that this type of managed account service is growing in popularity is that your funds may be safer than in a traditional hedge fund or other investment. And when you open a managed forex account, because you hold your own funds then the fund manager has no access to withdraw your funds. This eliminates the possibility of losing your funds in a fraud, like the famous Maddoff ponzi scheme.
XGen SEO SoftwareTiog Lee - About the Author:Lee specializes in forex trading and worked in http://manxuriainvestments.com/ offering managed forex, forex managed accounts, and managed forex trading to for traders and investors.
