Tag Archives: Managed Forex Accounts

Managed Forex Reviews: 4 Reasons Why You Need a Trained Professional

The term “Managed Forex Account” refers to a form of investment in the currency market where a brokerage account holder has their account traded on their behalf by a professional money manager. The Managed Forex company or individual, is effectively responsible for placing and managing foreign currency transactions for the account holder. This is a practical solution for those with the risk capital to invest but not the time to trade the forex market.

High Leverage Equals High Risk

The combination of factors like high liquidity, lack of correlation to equities markets and high leverage all combine to make forex an potentially profitable package for those with the capital and suitable risk tolerance. But of course investors need to be aware that with increased returns comes increased in risk and the forex markets are no exception to this rule, that factors that make it appealing can also work in reverse. All forms of invest however, come with some exposure to risk and the individual needs to assess whether or not they are comfortable with their level of risk.

Risk Management

The key to successful investing in any arena is risk management. That is managing the down side risk. To help you offset the risk of forex trading you are better tasking a trained professional to trade your account. Forex and the idea of big overnight profits is a very appealing concept to amateur traders however the reality is that it is fraught with potential pitfalls for the unwary . Somewhere in the realm of 95% of forex traders fail. Whatever the figures, the fact is your chances of succeeding as an amateur trader not great.

Historical Performance

The solution then is to find a managed forex provider with a proven track record of providing consistent returns for an extended period of time. I would suggest that 2 years is a sufficient amount of time to judge whether the traders strategy and performance is satisfactory. Performance records for 3-6 months simply isn’t sufficient to make a sound judgment call on whether a particular strategy is robust enough to endure the many different types of market conditions and changes in “market personality”.

Due Diligence

When searching for a suitable managed account make sure to do your own due diligence and don’t listen to second hand advice from people who may well have a vested interest in directing you to a particular provider. Search the internet for any feedback and see if you can verify that it is in fact a genuine opinion from someone with first hand experience or an unbiased testimonial. There are also many forums with information and reviews on managed forex account. Do you own research and ask the company to show your real verifiable trading statements rather than simple unsubstantiated tables of percentage figures. If they cannot supply you with audited or otherwise verifiable trading statements be extremely wary.

Brendan Wilson is an experienced Forex Trader and commentator you can visit his site for more information about Forex Managed Accounts

Forex Trading Online – My Path to Success

What I like about the Internet is that it can be a great equalizer. Regardless of education,color, age, and occupation, it allows people to earn money and success. Actually, I have encountered stories of successful– and 15-year old children who just played around the World Wide Web. After serving in Iraq for two years, I really do not have any idea with the money I have earned. I am aware that I would just be spending it all in less than a year if I would not use it properly. Being from the Y generation, I am lucky to be open-minded about online business opportunities as well as online forex trading.

Reason why I hold myself in trying those business opportunities online is because many of them are suspicious and risky. For example, I know a lot of people who earn money by working at home as medical transcriptionists, writers, or data encoders. These are legitimate online businesses but I do not see myself writing and reading a lot of stuff so I do not want to put my money on these investment schemes. Since I know something about stocks, bonds, and currencies, my interest has been attracted by how much one can gain on a few thousand dollar investment. I then sought the internet for any possible opportunity. Fortunately, I found WG Forex.

The internet presented many investment platforms, however, I chose the managed forex account provided by WG Forex. Having control of my account is one rof my main reasons. I am well informed regarding the risks of the position I am taking before I decide buying and selling currencies. In order to thrive my profits, the company provides experts offering assistance by providing advice of proper actions.

The experience provided by trading forex online is really an addicting and thrilling one. Each day, you will feel proud as you see your money progresses. In just a few months of participating in online forex trading, I have seen my $10,000 reached to $15,793. The slow and steady rise of my investment money is worth every cent although this may not be a fast scheme of getting rich. Even if I haven’t found a permanent job yet, I am assured that the money I got from my service in Iraq will continue to grow.

So check it out right now and start earning.

Bruce Leo is a WG Forex currency broker.His proficiency in managed Forex makes personal investors command on their portfolios better.