FOREX Managed accounts?

Anyone have gripes, complaints? Anyone satisfied with managed accounts? Obviously, more than 1.5 - 2% per month is nothing to complain about...

I'll be real honest with you. Managed accounts are okay but you can do much better if you spend the time studying the market yourself and learning the trading discipline.

Think of it this way, a managed accountant is not risking his own money, he's risking yours.

You could spend 6 months trading demo accounts, reading technical analysis books, etc. and learn the techniques yourself and do much better than a managed account.

Conservatively with forex you could make 5-10% per month. Using a well developed software tool 20-30% is easily acheivable. Best of luck to you.

I am an advisor and have clients with managed accounts. The average annual growth for the past ten years on one plan is 12.33%(10 year average). With a declining fee(1.5% for 100K and under) to .50% for 1M. The growth is conservative and they like it.

High rates of return are not possible without high risk in Forex. The reason for the high rate of return is due to the high leverage. The guy above me saying you can get 10%+ in a month easily is forgetting to mention the risk due to high leverage.

It sounds like he just came out of a free seminar introducing people to forex.

Hi,

I completely agree with Robert L and disagree with Ulchka. You may create amazing income in forex if you use right trading system and correct money management rules. I鈥檓 forex trader 鈥?analyst and I successfully trading for 5 years. Os course there are wins and loses but it is part of traders鈥?job. For example last year my worse month was +5% and best month +90% of trading amount. Of course when I began trading I had loses very often but it was because I didn鈥檛 know the main rule: Follow The Market and doesn鈥檛 matter where it goes just follow it.

Managed accounts offer very low leverage therefore income is so small. Better open your own trading account, hire experienced trader and he/she could create you amazing income.

If you want to start your own trading then begin learning right now. Study those books:
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;

Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;

Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;

Trading Chaos 鈥?Applying Expert Techniques to Maximize Your Profit by Bill M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams 鈥?Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams

After you may obtain some forex education course then open demo account and practice, practice, practice鈥?

When you balance on demo account will be positive for few month open trading account, deposit money and start trading.

If you would do everything in the range as I wrote I have no doubt that you become really successful trader.

The main reason why most traders fail is that they cannot recognize that they made mistake in their forecast.

NOTE:
1. THE MARKET ALWAYS IS RIGHT AND IT DOESN鈥橳 CARE YOU WIN OR LOSE.
2. NOBODY COULD PREDICT NEXT MOVEMENT OF THE MARKET.

If you are interesting I could introduce you to one brokerage company in Austria that allows to trade from same account currency trading (forex), commodities, metals and cfd on shares. Total 500 instruments available; spread from 1 pip. If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years.

If you have any question please do not hesitate and pm or e-mail me (press on my name).

Good luck!