How does a Forex Managed Account work? -

Is it better to trade my own money or have someone else do it? Is it riskier? How does it work exactly? It is often the case that a well managed Forex account will far exceed the quarterly returns gained from other asset classes. However, trading the Forex market is not an easy proposition. Many Forex investors do not have the time, experience or discipline to trade the Forex market themselves and most of those that try end up losing their initial investment. Understanding the complexities of why different currency pairs move, being able to follow market movement 24 hours a day, and having the self-discipline to stick to a trading strategy is essential to successful trading. A Managed Forex Account is designed for investors with risk capital who do not necessarily have the know-how or time to trade the Forex market on their own but want the opportunity to participate in the Forex market. Here is how it works: 1) The client opens a Forex account at a Forex broker of their choice. This Forex broker account is owned and controlled 100% by the client. All client funds deposited into that account are held by the Forex broker where the account was established. 2) The client authorizes a Forex account manager via a Limited Power of Attorney to execute trades on behalf of the client using the broker s trading platform. This Limited Power of Attorney can be revoked at anytime and trading stopped immediately. 3) The client authorizes the Forex broker to pay a percentage (performance fee) of new profits on his/her account to the Forex account manager at the end of each month. 4) The Client is given complete access to view and monitor trade activity on his/her account. This includes seeing every trade taken on his/her account and viewing the account s current balance and equity. To avoid scams, make sure that you are opening your account at a fully regulated and reputable Forex broker and that the Forex account manager you choose is honest, fully transparent and realistic. A legit money manager will never guarantee that the account will make money. If you want to see exactly how to get into trading forex, you should take a look at the free beginners guide you can download at http://www.forexfromscratch.com This guide is a quot;step-by-stepquot; report which explains everything you need to know about getting into forex trading. Hope this helps? this is how it works, step by step : 1) You deposit your money 2) Your money is gone! always always manage your own money!!