What are managed Forex accounts?

The so-called “ managed Forex accounts ” are administered by professional forex traders, who perform trading operations for their clients for a fee (usually in the form of a salary or a percentage of profits). Obviously, the access authorizations granted to the manager are limited to trading operations only. It can in no case credit or debit the customer's account. 

It should be noted that it is not enough to be a forex trader to become a Forex account manager. It takes a lot of experience. This is acquired through the practice of a good management strategy, not only of capital, but also of risk. 

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Before you trust anyone, make sure the actual results are up to those advertised. Many so-called managers boast of exceptional results, which are in reality the result of high-risk management, or falsified for the sole purpose of enticing inexperienced clients. 

What is more, excellent as they are, past results are past results. There is no guarantee that futures will be as good. This is the harsh reality of Forex. Also, think carefully before placing your hard earned money in unscrupulous hands. 

Beware of banner ads that are a little too flashy! There are many reasons why an investor should opt for a managed account: lack of time or experience, too emotional, etc. The managed Forex account appears, in a way, as the easy solution. But, sooner or later, it is still advisable to become familiar with Forex. Why? 

Because at the end of the day, the only person you can trust is you! So take the time to acquire solid training, develop your own strategy, try it, adjust it until you get the expected results, and above all, work on the discipline. This is essential, in a market as volatile as Forex. Nothing better than opening a Forex demo account for this . 

It's free and you don't risk losing your money. Most forex broker such as Ava FX for example, they offer you the possibility of opening a demo account. Take advantage of it until you don't feel confident to start trading real money.