The currency market can be an attractive option for investing, provided you have sufficient knowledge. Otherwise, managed accounts can be a solution.
Invest in Forex and managed accounts
There are different ways to invest money: place it on life insurance, make a real estate purchase, take stock on the stock market or invest in Forex, this large currency market. The latter option requires minimal knowledge of the sector and the strategies to be adopted.
When you lack experience, the managed account can be an attractive solution. Concretely, it involves opening an account with a broker and entrusting its management to a team of professional traders. The money will be managed by a trader or by a robot.
The advantages of a managed account
The main advantage is the saving of time: it is possible to invest without knowledge of the currency market, since a professional takes care of placing orders. Profits of 15 to 20% on average can be achieved. An account of this type allows you to diversify your investments.
The disadvantages of a managed account
A minimum investment of around € 10,000 is generally required to sign up for a managed account. It is therefore not open to everyone. In addition, significant commissions are levied on profits: between 10 and 40%. Finally, you should be extremely careful when choosing your broker. Some sites offer profits of more than 50%, even 100%. They are to flee! The subscriber of the account must have the possibility of accessing his account 24 hours a day to verify its management.
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