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 currency 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 do I get started with my managed Forex trading account?’ or ‘What should I 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 merchants. I know it can make you a lot of money too. If you buy the Pip Scooper and you change the system according to the rules, you will earn money. Simple as that. “
-Ashkan Bolour, Fund Manager, Bolour Capital Management
Managed currency trading is the name given to “shortcut” foreign currency trading. 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 option.
A managed Forex trading account offers investors the benefit of currency trading along with the accessibility of funds 24 hours a day. This unique approach to managed forex trading bypasses the broker and gives the client complete control over their funds.
When opening a managed Forex account, a reasonable amount of money is needed, usually starting at $ 25,000 and the idea is $ 50,000.
The risks can be high but also controllable. Forex traders around the world compete with other Forex traders, banks, and institutional traders seeking the same potential rewards from their own trading activities. One benefit of using FXCM is that it can provide fast execution at the prices of Limit and Stop-Loss orders and you can do your best to complete your trade at the requested price. But remember, currency trading is speculative and any capital used must be venture capital.
So who do you deposit your money with? This is the most frequently asked question and the one that has to give us peace of mind for the answer. Some investment brokers need a check issued directly to them or their investment firms, while investing in other managed Forex accounts can be completely different. You must open your own account with a broker who 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 is your money, so you must have control over it, and not some other company. When you open an account with a broker, it is best that you link your account to a managed Forex Trading account so that you can have the benefits of a system and have full access to your money at the same time. This is a unique approach, but it has proven to be highly desired by investors throughout the FOREX market.
Returns are always unknown like all forms in a commercial market like this. Just because a market was performing well in the past does not mean that it will perform better in the future. Your investment will largely depend on current market conditions in relation to the specific business models used for the execution of trades.
With any reputable company, they will ask you to sign an LPOA, a 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 exchange funds for you.