Friday, 10 June 2011

Negative sides of managed forex account.

There are some slight disadvantages of having a forex managed account.

*you cannot control your own trades. It’s easier for an investor to monitor his trades when he knows little or nothing about forex and he is interested only in the final result – profit. However, if the one who invests was or is a trader – then it may be difficult to watch how his trades are managed. He may disagree and dissatisfied with the trade entry decisions, money management and stop loss or take profit placements.
*You have to be careful when choosing a "forex investment firm". There are literally hundred and hundreds of forex brokers offering their managing services, but not all of them are to be trusted. Do not ever rush into signing contract with the first company you see on Google page. Selecting only known and secure forex investment broker, the one with good record and reviews in several sources – it’s your money at stake, after all.

*Another shortfall is the minimum of the account to be traded – usually the sum starts from 10.000 dollars, and that draws away many average and small traders.

It’s a big market. One must make a research before investing here.

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