The best managed Forex account helps you do all the profits trades. Say goodbye to look at screen all day long and hello to making profits while you are sleep. Forex trading is a big thing in the world today. The number of people involved in Forex trading is huge.

This is largely due to the fact that people got wind of the great earning potential that exists in the foreign exchange market. The profit potential has actually attracted a large number of people in the market. As is usual in any other market, demand gave rise to supply.

The influx of people entering the Forex market resulted in a good number of companies being set up to provide people with various services that relate to Forex.

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These companies do offer wide varieties of services and among the services they offer are the managed Forex accounts. A managed Forex account is simply an account that you use to trade in Forex but the actual trading is done on your behalf by a professional manager. The account is fully operated by the manager and all you do is to pay a certain fee for the services offered when you make a profit from the trading. There are two types of Forex account management in the market; there is the normal Forex account and the pooled Forex account.

The fundamental difference between these two accounts is the fact that the normal account uses just your money to trade in the Forex market while with the pooled account money collected from many people is used to trade.

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When looking for a Forex managed account to trade in the Forex market, it is imperative that you consider both of these accounts and decide on which would make the best managed Forex account for you.

With the normal managed Forex account, only your money is used. The money is kept in an account that is in your name and the account is handled by your Forex broker. To grant the account manager the permission to trade with your account, you will be required to sign a Limited Power of Attorney or LPOA in short. The LPOA grants the broker the right to trade with your account and it also stipulates the payment method that will be used to pay the broker.

With the normal account, you get to log into the account anytime you please and actually see what has been happening. You get to view your trading performance both in real time and live. This allows you to forever remain in the loop with what is happening thus the chances of your being scammed are greatly reduced. Be very careful though when dealing with this type of account.

Ensure that you only give your username and password to a company after you have already signed the LPOA with them.

It is true that with this account the broker is not able to take away money from your account but he or she can still be able to drive you to a margin call. A margin call refers to a situation where you do not have sufficient funds in your account which automatically forces your broker to close a number of or all of your positions.

With the pooled managed Forex account things are a bit different. In a nutshell, unlike in the normal account where your money moves directly from you to your broker, with this account the money moves from you to an account manager. The working of this account is rather simple, you pay your money to an account manager then he puts it together with money that he has collected from other people then the total collection is invested in some program.

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Unlike with the normal account, with this account you do not get exclusive details on all the trading performance of the account. The account manager retains all control on the account and you just have to wait for feedback from him or her. These accounts have a higher susceptibility to fraud compared to the normal managed Forex accounts.

They also have higher chances of making larger sums of money considering the fact that the amount of money invested is usually huge. Depending on what you are looking for and the amount of risk that you are willing to expose yourself to, you can look at the above information and decide on which would be the best managed Forex account for you.

In the event that you would like to retain total control over your money, then the normal account would definitely work best for you. In the event though that you do not really have a desire to retain control, but you just want to make money, you could go for the pooled account. Stay tune for our new sharing.

About Us Contact Us Site Map. Best Forex Managed Account. Best Forex Managed Account By Mr. What Everyone Wants to Know About the Best Forex Managed Account? The Normal Managed Forex account With the normal managed Forex account, only your money is used. The Pooled Managed Forex Account With the pooled managed Forex account things are a bit different.

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