Tuesday, 13 September 2011

What is Managed Fx?

There are a few ways to make money in the forex markets. You could trade an account yourself or you can set up a managed account. Having a managed account means that you will use a robot to make your decisions for you or you will hand your funds over to a seasoned trader to handle your money for you.Managed AccountsIn a managed forex account, you give your money to a professional investor and he manages it for you. In turn, he'll take a management fee, which is usually between 10 and 20 percent of the profits. If you don't know how to trade yourself this can have its advantages as you won't have to spend endless hours analyzing the markets. The returns on managed accounts can vary widely.

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