A managed forex trading account can give an investor who cannot watch the market 24 hours a day the opportunity to participate in the colossal world of forex trading. A managed forex account may also be appropriate for the investor who prefers to have their capital managed by professionals. Studies of professionally managed forex trading accounts have shown returns that are unrelated to the performance of the stock market. Consequently, allocating a portion of an investment portfolio to a managed currency account may be a suitable way to increase overall portfolio diversification.
“People often ask me ‘How should I start trading with my managed forex trading account?’ or ‘What do I need to do to start making money trading?’ The answer is simple you need to know what you are doing The Pip Scooper program will definitely show you how to make money I have seen it work personally I have seen it work wonders for other traders a lot of money too If you buy the Pip Scooper and trade the system according to the rules, you will earn money. It’s that simple.”
-Ashkan Bolour, Fund Manager, Bolour Capital Management
Managed Forex Trading is the name given to “direct access” trading of foreign currencies. With an average daily volume of $1.5 trillion, Forex far exceeds the $30 billion daily turnover of the New York Stock Exchange and is 46 times larger than all futures markets combined. For these reasons, Forex is one of the largest and most liquid markets in the world, making a managed Forex trading account a smart investment choice.
A managed Forex trading account offers investors the benefit of trading currencies along with 24-hour accessibility to funds. This unique approach to managed forex trading bypasses the broker and gives the client full control over their funds.
When opening a managed Forex account you need a reasonable amount of money, usually starting at $25,000 and $50,000 is an idea.
The risks can be high but also controllable. Forex traders from around the world compete against other Forex traders, banks and institutional traders seeking the same potential rewards from their own trading activities. One of the advantages of using FXCM is that it can provide fast execution at both Limit and Stop-Loss order prices and you can do your best to fill your trade at the requested price. But remember, FOREX trading is speculative and any capital used must be risk capital.
So who do you deposit your money with? This is the most frequent question and the one that has to give us peace of mind for the answer. Some investment brokers require a check written directly to them or their investment firm, while investing in other managed Forex accounts can be completely different. You must open your own account with a broker that gives you full control over your own funds. The goal is for you to be able to deposit or withdraw any amount at any time of the day or night from your managed Forex account. It’s your money, so you should have control over it, and not another company. When you open an account with a broker, it is best that they link your account to a managed Forex trading account so that you can have the benefits of one system and have full access to your money at the same time. This is a unique approach but one that has proven to be highly desired by investors throughout the FOREX market.
The returns are always unknown as in every way in a trading market like this. Just because a market has done well in the past does not mean that it will do better in the future. Your investment will largely depend on current market conditions in relation to the specific trading models used for trade execution.
With any reputable company, they will ask you to sign an LPOA, Limited Power of Attorney. This allows your personal account with the company to be funded by the LPOA to link your account to the managed Forex trading account and trade funds for you.