Managed Forex Trading: Letting Professionals Do the Job
The term “managed forex trading” can be simply explained as allowing an investor who wants to get involved in the foreign exchange market entrust his investments over to professional money managers to handle his investment. The professional money managers can also be a qualified broker, management firm et al who is given the power of attorney to handle transactions or trades in the currency market on behalf of the investor. Clients around the world have many reasons why they are into managed forex trading. I can at this point say that they are people out there who have extra bucks they can invest but have no time and are willing to hand over that responsibility.
Having said this, the global currency market is a huge market place that can accommodate everyone and is the most liquid market that’s available to traders around the globe. The managed forex trading is a profitable way of allowing clients who don’t have the financial knowledge a level playing field as they can get involved in the market as well.
Funds or money managers are always looking out for the best areas of investment and forex is top on this list. Clients who have too much on their hands (trading accounts) can opt for managed forex trading. It would be right to also state here that investor who poses a low knowledge of the currency market can make room for the managed forex accounts. This would save them a lot of time, as precious time spent trying to learn basics like pips, charts et al is completely eliminated. The most important point here is that investors should choose the most reliable professional to take charge of their accounts for managed forex trading. This type of information can be sourced out from friends who have tested and are satisfied with similar services, researching and collating records for existing managed accounts managers and also chatting with representative of the money managers.
We have several types of managed accounts: one of them is computer aided robots. When you opt for this kind of managed account, you should be aware that no human interaction with the currency market is allowed. The computer aided program or robot trades the account 24 hours free of emotions. It should be stated that these automated programs are designed by professionals and can be converted into power trading machines. They are sometimes built upon the technical tools that the experts tweak them with and build the entire system upon. This makes managed forex trading very interesting.
The other type of managed forex trading is when an investor allows a professional take charge of ther trading account. Every trade position that is opened is done so via the experts discretion based on his experience in the market.
For any investor out there who’s willing to trade the forex market solely, then they must know how imperative it is for them to educate themselves and follow the rules towards becoming a profitable trader. You can as well choose to do it the other way by going for a managed forex trading account.
Iam agree with you topic name but not with all your points that you mention like there are thousands of sites that manage accounts but i suggest to all dont give your any person to trade just someone that can meet you and make a paper agreement for managing account.
http://www.xynafx.com/ Xynafx ... fund managers and forex signal service providers Minimum investment for our Forex managed Account service is $2k that will be managed individually in one investors account. XynaFx signals As low as $26 per Month.
Traders who do not have knowledge of these markets and no time to trade forex have a option of investing with Managed accounts where the professionals who are trained and experienced trade with our investments and provide us with good and fixed returns and also it is safe as they are professionals who handle our funds.
Knowledge and experience this both the thing are really necessary to make a good amount of profit with this and even professional trader struggle a lot for grabbing this golden things.
@ bharat23 you are right we need a good experience and knowledge but to grab this thing you should have to learn more about forex trading and may i know from where you started learning about forex trading?
Originally posted by sadscorpionIam agree with you topic name but not with all your points that you mention like there are thousands of sites that manage accounts but i suggest to all dont give your any person to trade just someone that can meet you and make a paper agreement for managing account.
Account management is now very much risk free bcoz of signal providing companies, PAMM and other similar services. Now u can invest without giving full control to account manager. The risk of loss is still there but risk of fraud is zero if u r carefull.
The good or ill of a man lies within his own will. – Epictetus
I agree with danielswerd on this point that there is a clear difference between experience of a good money manager and experience of other traders. So letting money managers do trading for u is a good and profitable idea.
Stick to your rules
When objective is profit then u will have to choose the best way to maximize ur profit. You will have to consider money manager fees and net profit after all expenses. Sometimes money manager is making good profit but after sharing u feel that u can make more by trading urself. So it is good to have a small account for ur own trading practice. You can easily compare performance of both accounts. If u r consistently getting more money out of ur managed account then keep practicing ur small account and if u r making more profit percentage out of practice account for long period then u can trade all of ur money urself.
I think knowledge is essential for everyone willing to profit from the forex market,
but sometimes managed accounts are best for people who find it difficult to deal with charts or technical analysis etc.
And among all the types of managed accounts, I believe PAMM accounts are one of the best methods to get involved into the market without the essential knowledge of pips and so on.....
But a wise investor should monitor the manager's account for a while before participating to his/her program.
FXSTAT offers also a very good opportunity to monitor traders accounts before deciding to let any of them manage your money. And best of all you don't have to switch to their broker to benefit from the services that they offer, you only need to install a tiny software to your MT4 to be on your way for profits.
![[cool]](/themes/default/images/smiles/cool.png)