Why choose a Forex money manager
Having your investment looked after by a
Forex money manager offers a variety of possibilities and advantages for the
retail investor. Most Forex fund managers do make more money than an ordinary
retail investor. Questions as to why so many people are now investing with a
Forex money manager or why hire a Forex money manager to look after your funds
are best answered below
• In the first instance, it is the belief that
they will make you money
• On average most novice Forex traders tend to
lose their investments with the first 3 months
• Investors either tend to switch back to
investing in stocks, or can look to find a suitable Forex money manager to
manage their money in the Forex market.
Finding a decent and high performing foreign currency manager
can sometimes be hard, but it well worth the search.
So what is so great about these so called managed Forex
accounts? Opting to make use of a managed Forex account gives investors the
access to quality Forex fund managers who have the requisite experience. On the
higher end of the scale, there are fund managers that require investors to put
in atleast a minimum of a million dollars, but at the same time a majority of
managed Forex accounts seek retail investors to access the potential gains of
the currency market with as little as $5,000.
So what are the advantages of investing in a managed Forex
account, and how, in practice, can a Forex money manager help to assist an
investor get superior returns? For starters, investors don't need to be a
millionaire to access a managed Forex account. However, with the majority of
managed Forex accounts, retail investors can access the potential high returns
of the currency market with as little as $5000.
Forex money managers are paid a percentage of the profits they
generate. For example, if you make $100 in the Forex market, the manager might
keep $20 or $30 of it as a performance fee. Although the performance fees might
seem a bit too high, remember that you might not have made any profit in the
first place if not for trading with the help of a Forex money manager. And in
the same note, if the Forex money manager does not make any money in your
account, you typically do not have to pay for the service. This is basically a
no win no gain kind of a business model and a choice that novice traders with
disposable investments can look to in order to maximize their returns.
Sophie is an editor with ForexPromos.com a leading financial and
investment portal for forex and binary options trading. With daily
market analysis, currency technical and fundamental analysis and breaking
business news, visit ForexPromos.com to gain an insight into the Forex,
currency and binary options markets.
Article Source: http://EzineArticles.com/expert/Sophie_Delhio/1151510