The Forex Managed Account offers a chance to invest their money lucratively on the Forex market, who either do not want to be active on the Forex market themselves or are not able to do their business themselves for time or other reasons.
In contrast to a full account, a managed account is not managed by the investor himself, but by a Forex broker commissioned for this purpose. This type of service is now offered by most platforms flourishing on the Internet. Those who set up a Forex Managed Account benefit not only from the usually much higher experience of the commissioned Forex broker, but also from the fact that within the framework of a Forex Managed Account the entire action phase can be exploited. This is because the action phase of a Forex Managed Account covers the period of five days a week, with 24 hours of speculation on each of these days.
Not all Forex Managed Accounts are the same. Thus, there are two different ways to have one’s money managed on the Forex market by a professional Forex broker.
In the first method, the investor transfers the entire responsibility regarding the management of the transaction to the Forex broker. Self-control is very much reduced in this type of Forex managed account. If you are not comfortable with this, you can choose another variant of Forex Managed Account. In this case, restrictions and conditions are contractually agreed, so that the commissioned Forex broker is restricted in his freedom of action. For example, it may be stipulated on what date, in what rotation and in what amount the trades are to be made on behalf of the principal.
In any case, it must be assumed that the Forex broker entrusted with the Forex managed account will do his best to achieve the highest possible profits. This is because Forex brokers usually receive a commission for their services, the amount of which is linked to the profit achieved on behalf of the client.