If you have some capital to invest but are a little unsure of the options available, one more to through in the works is a forex managed account. Wherever you invest you are going to want to know your money is in safe hands. If you have an appetite for big returns on your investment then a managed forex account could be for you.
Some people do not have time for the forex markets or do not have the knowledge or time to learn how the forex market works. It is cases like these that a forex managed account can take the stress away from your investments.
If spending hours in front of the computer studying the markets does not sound like fun and you do not have the confidence to succeed in something you are new too. Then put your investment in the safe hands of a forex managed account.
There is no pooling of investments with managed account so you do not have to share profits except the agreed rate to the forex manager. It is simply your own spread betting account being managed and traded by a professional.
The forex broker or spread betting company that you use will be recommended to you by the forex manager. It will be one that he is familiar with for obvious reasons. The account remains yours and once you fund the account money will only be able to be withdrawn back to where it came from. The account manager does not attempt to with draw money for you.
Everything comes at a price and you can expect to pay around 40% of your winning to a forex account manager. What you need to be aware of is that you do not pay if the forex manager losses some of your money. This is the best way to operate the account because it means they have to make you money before they make themselves any money. The best guarantee is that of a financial incentive.
There are many different ways to trade forex and the manager might employ different methods on your account at different times of the day, depending on his morning analysis. They might choose to trade the account personally if it looks particularly volatile or they might set up a Meta4 automated trading platform to take profits all through the day.
The thing to remember about a managed forex account is that the money you invest will never actually leave your grasp. Once you fund a spread betting account, normally from a debit card or bank transfer, the money can only be withdrawn to the same account that funded it. This is down to anti money laundering laws so there is no risk of anyone withdrawing funds to a different account.
The spread betting or broker platform that you are using will also retain all the information from the trades. You will be able to see what trades were made on your account and whether or not they were profitable or not. Everything from the time a trade was entered and exited to the amount of money placed on that trade will be recorded for you to view.