Are Forex Managed Trading accounts worth the risk?

I know most people tell you to manage your own money but I wouldn't know where to start. I'm looking for trustworthy sites that would allow me to start with a mini managed account, under 10k. I tried to find out the past return for some of these companies and I couldn't find nothing from no one. Shady?

The Smart Money link Joe provided was very good.

The only managed Forex fund I'm aware of (there are surely more) is one run by GFT. The publish their monthly performance (http://www.gftforex.com/services/gftmana...
but you have to be careful because they charge a quarterly performance fee of up to 25%. The performance fee is based on any profit you show for the quarter. If they make $10,000 for you in the quarter, their fee is $2,500 - a bit steep.

As far as doing it your self in Forex, unless you are an extremely disciplined trader, have an appetite for reading everything you can about the economies of other countries, understand how the economy of one country affects that of another, can deal with large amounts of risks and enjoy watching the computer screen for hours, stay away from Forex.

I've been trading Forex for a couple years and have become marginally successful but frankly, I make more money in the stock market doing short term trading (a few days to a few weeks) using technical analysis (something I don't advise unless you are willing to put in a lot of hours every week).

Whatever you do, stay far away from those highly promoted "systems" that promise to make you rich by buying when the lights are green or that generate income based on the carry (interest rate differentials in different countries).

I have acquired much wealth from managed forex accounts. But you have to stay away from the newbies. Email me for my best accounts. www.managedforexreviews.com. managedforexreviews@gmail.com Report It

They are not Shady. You just have to know what you are doing.
Before you invest.




Take Care,
Incomestorm
http://3in7s.ws
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Forex trading is known for having a large number of scams. I have never heard of any managed account or mutual fund in Forex worth trading in. They all seem somewhat shady. The federal government recommends finding out about a company's past record before investing. I quote from the first link below:

"8. Be Sure You Get the Company's Performance Track Record

Get as much information as possible about the firm's or individual's performance record on behalf of other clients. You should be aware, however, that It may be difficult or impossible to do so, or to verify the information you receive. While firms and individuals are not required to provide this information, you should be wary of any person who is not willing to do so or who provides you with incomplete information. However, keep in mind, even if you do receive a glossy brochure or sophisticated-looking charts, that the information they contain might be false."

If you only have $10,000.00 USD then you should invest in ETFs and forget about Forex.

Top 4 Answerer.

I don't think there are any legal "Managed Forex" traders
Reputable trading companies require you to tell them what to buy and what time element.
they may advise you before the trade, but do not trade without your say-so on each trade.

Personally I have a difficult time entrusting my hard earned money to a stranger. I appreciate your concern that the Forex market may seem overwhelming but there are some fairly conservative, simple stragtegies that can be used to generate a very fair rate of return.

I have just completed an analysis of the system that I currently use. I randomly selected the past 10,000 hours and calculated what the results would be. I would be happy to share the results with you and answer any questions that you may have.

Just send me an email at pupp52@yahoo.com

Best wishes for a profitable 2007.

Paul
925 236-1839