Information On Managed Forex Accounts For US Citizens
Forex managed accounts for US investors are few and far between, ever since president Obama signed The Dodd-Frank Act in 2010 to regulate financial markets.
Knowing that fact, and realising how difficult it is to invest in managed forex accounts for United States investors, it certainly doesn’t lessen interest. It is quite amazing that visitors from the USA make up about 18% of all visitors looking for information on them.
I get a lot of emails from people from the US that want to invest in forex managed accounts and I have to say time and again that I can’t help.
However. At this moment in time, there is one forex managed account that has come to my attention that will accept USA clients.
There is a very interesting thread on babypips forum here, discussing offshore forex brokers that US citizens can and can’t use.
As I alluded to previously, from all across the USA, Portland to San Diego, Seattle to Miami, I have had US investors asking me if I know of where they can invest in forex managed accounts. I really didn’t like to tell them that I didn’t know of anywhere, until recently.
Why is it though that so many people from across the planet are drawn to the forex market? Well, obviously it is the chance to make an awful lot of money, very quickly.
For many people, however, they want to profit from forex but the thought of learning how to trade the currency market just has no appeal for them.
Learning to trade successfully takes a lot of time. It can also takes up much time monitoring the market and waiting for trading opportunities.
Even if they do attain all of the expertise to be a success, it is also vital to adopt a trading mindset. This means overcoming the two very strong emotions of greed and fear which can about failure.
If you didn’t know already, US forex managed accounts could be your answer. It has a management team that sorts out all of the admin and skilled professionals traders that do all of the trading for you.
Before you choose a provider and open up and fund your account, it is in your interest to do thorough due diligence of your own. I have written an article how to do it here.
There are quite a number of benefits that a forex managed fund offers investors.
They can produce a lot of cash for you. Every single month, a typical good solid account can generate a very good return of about 4% to 5%. With the best funds, you can profit from 8% to 16% each month with an opening capital of US $10,000.
Any well run currency exchange fund will make risk management their leading priority, and as long as proper due diligence is undertaken, it is a secure and reduced risk investment.
The majority of accounts have a fixed drawdown limit that will stop trading if that limit is arrived at.
Drawdown limits fluctuate with different accounts. A good forex team can get a positive percentage of trades of 50% or so. The very top managers can top 80% of winning trades.
You can close your account any time you wish, and deposit and withdraw capital at any time since you will have control over your account. Trading firms are only permitted to trade on your behalf because you issue them with a limited power of attorney (LPOA).
They can only trade your account but can’t take funds from your account, performance fees aside. Trading firms are strictly controlled and certified by regulatory bodies and also have to be individually reviewed.