Managed Forex Trading Accounts

 

As mentioned, some providers of managed forex use automated forex where the orders are executed automatically through a trading robot, according to the exact rules of a forex system, therefore eliminating mistakes that come from human error.

However, many accounts use human traders to live trade their trading system. Human traders may not be necessarily worse than robots, as it depends on the system that they're trading, and how uniformly they execute the trades generated. The ultimate test is their performance. After all, this is what counts ultimately.

Forex Fund Managers

When you assess a forex fund manager, make sure you have a look at:

1. The retuls on a monthly basis, based on a float similar to what you’d use.

2. The drawdowns, or their smallest return month.

3. Their fee structure. Note that their graphs of returns usually takes into account the fees, but you should check whether this is the case.

4. Whether they provide help with choosing appropriate risk and money management models that are suitable for their systems.

5. Sometimes, there is a more than one system to choose from.

6. At what point the historical returns were based on backtesting or were based on actual real time trading results.

Also, getting more information to make sure that the returns they show are a) real and legitimate, and b) is based on a realistic float is an important part of your due diligence.

Related topics:

Click here to learn more about the most useful forex resources and tools forex traders use daily.

Note:

All trading involves a high risk of financial loss, and the information on this site is for general information purposes only and is not financial advice in any form. See your own financial advice before taking any action.

All forms of trading involves risk of financial loss.

Note that this site may have paid advertising or commissions generated for referrals to products and services, and forex brokers made from this site.

See our disclaimer for further information.

Testimonials and trading results of products and services from some people or users of products, does not guarantee or indicate similar results from another user of that product or service.

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Notes for Plus 500 CFD Service:

Your capital is at risk.

CFD Trading is for experienced traders, not beginners.



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