Percentage in Point

Percentage in Point

Advantages of Managed Forex Account

Posted: 29 May 2010 01:10 AM PDT

Every trader have a dream that he sits and money works for him. This is what a Forex managed account meant for. You just simply deposit your money in the account, let it grow and withdraw it whenever you want. After depositing money you don't have to process your money, a professional Forex broker will do it for you.

Forex Manage Account

A lot of texts have came in front regarding "autopilot" software; this one is truly an "autopilot", but you will have to pay the fees and commission for the trades. The good part is that money is still yours and you have rights to do anything with it. You have the authority to take over at any time and invest it the way you want. But when you are not investing it, then it will be invested for you.

If you are not having large bankroll to invest then this is not for you. It requires almost $5,000. Every broker is having different investment limits. It's seen as collateral and gives the brokers chance for doing the work. So if you have a large bankroll then sit back and relax, let others work for you. If not, then there are other services and techniques for you.

Many people compare the Automated Forex Robots to this service. Traders mainly trust the real people rather than bots, because they have more cognitive abilities and are more creative with the trades. While bots use the time proven algorithms to make the trades, that's why their returns tends to be lower. But it has more returns per trade.

Whatever way you choose, there will always a third party handling your money. It's not the patent formula that a Forex managed account works better than a Forex bot. In fact you are investing on someone else's ability to trade profitably with your money. So it's not much different than the idea of traditional "Full service" accounts with stock market investment brokerages.

Keep in mind that if these brokers and traders are able to get a large profit on your money repeatedly, then they most probably quit and spend their time for earning money for themselves.
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