The Advantages of Forex Managed Accounts
A very effective way for many investors to trade the Forex exchange is by using a Forex managed account. The are handled by a adviser on your behalf. While the account still belongs to you, your adviser receives authorizations to make transactions for you. A forex managed account allows even the most inexperienced trader to use a dealer's knowledge to get a larger profit.
Forex managed accounts are often offered by huge banks who work with brokers. These brokers will trade based on a calculated strategy, creating a portfolio for your investments.
They will monitor these investments and control them accordingly based on performance. The risk of using a forex managed account is much lower since these brokers have already established a system that works in their favor. One of the main benefits of a Forex managed account is a measure of expertise that will be in your favor. Risk is reduced and you will get the benefit of working with experienced people. This is the perfect kind of account for busy individuals who simply don't have the time to analyze everything themselves since you have minimal involvement.
Another benefit is that you don't need to understand how the exchange works since someone else is doing the analyzing. As the investor you maintain ownership of the Forex managed account and are able to withdraw money at any time. There are however some disadvantages to a Forex managed account.
If you choose an automated forex managed account, then a computer does all the work. This means that a set of predefined conditions is put into the system, and the computer makes the appropriate decision when those conditions occur.No one is actually monitoring the exchange, and the computer may force you to potentially miss out on profitable trades.
Choosing a real person to manage your account is possible, however you will be charged at much higher commission. So your average profit will be driven down by the cost of the services they provide. - 23211
Forex managed accounts are often offered by huge banks who work with brokers. These brokers will trade based on a calculated strategy, creating a portfolio for your investments.
They will monitor these investments and control them accordingly based on performance. The risk of using a forex managed account is much lower since these brokers have already established a system that works in their favor. One of the main benefits of a Forex managed account is a measure of expertise that will be in your favor. Risk is reduced and you will get the benefit of working with experienced people. This is the perfect kind of account for busy individuals who simply don't have the time to analyze everything themselves since you have minimal involvement.
Another benefit is that you don't need to understand how the exchange works since someone else is doing the analyzing. As the investor you maintain ownership of the Forex managed account and are able to withdraw money at any time. There are however some disadvantages to a Forex managed account.
If you choose an automated forex managed account, then a computer does all the work. This means that a set of predefined conditions is put into the system, and the computer makes the appropriate decision when those conditions occur.No one is actually monitoring the exchange, and the computer may force you to potentially miss out on profitable trades.
Choosing a real person to manage your account is possible, however you will be charged at much higher commission. So your average profit will be driven down by the cost of the services they provide. - 23211
posted by X - Men @ 4:23 AM
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