Forex Managed Accounts

An investor “invests” with a “professional” trader, who trades the investor's capital for a percentage of the profits.

This may appeal to beginners who have no idea what they're doing or don't have the time to learn.

They figure, “Well, he‘s a ’professional‘ – he must know what he’s doing! It's a hundred times better than if I traded alone! ”

The issue here is that the user is putting all of his or her trust in a complete stranger with his or her money.

It's similar like snatching sweets from a newborn.

In many circumstances, the manager of a managed account diverts funds to unrelated luxury items like vehicles, islands, and castles.

When the manager is finally apprehended, he is unable to repay the entire amount of stolen funds, resulting in disgruntled clients and multi-million dollar lawsuits.

Yes, that may appear severe, but it happens all the time, and people might lose their entire investment.

However, not all managed accounts are harmful. Some people have a lot of trading expertise and are well-qualified to trade real money, but they are the exception rather than the rule.

Some trading platforms even allow traders to serve as managers by utilizing the broker's account structure.

This prohibits a person from spending money on Los Angeles Lakers tickets, Bahamas vacations, or an Aston Martin Valkyrie.

While this is a safer option than letting an independent manager trade your money, you will still be missing out on the invaluable knowledge and experience gained through forex trading.

If there is one thing we want to emphasize to traders, it is the need of EDUCATION.

There is no substitute for the knowledge earned through personal study and commerce.

Finally, being knowledgeable, practicing, and remaining disciplined are the only surefire ways to win in the forex market.

We'll only ask you one more question.

Would you trust a complete stranger with your hard-earned cash？

If you're still interested in trying out managed forex accounts, do your research and find a TRUSTED manager.