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Things to consider before joining a managed forex account >>
Things to Consider...
Managedforexreviews.com does thorough due diligence on managed accounts listed throughout our websites. We are confident with our research and we have live accounts with the higher ranking money managers. You are recommended to do your own research before investing with any companies. Here’s some rules to help you profit more with your investments:
- Invest money you can afford to lose.
- Start with the minimum size account for the first 90-180 days. If the account is still profiting then you can add more.
- Don’t bother your money manager during drawdowns. This creates stress and anxiety for your trader and this could cost you more money.
- Get an understanding from each company what their maximum drawdown COULD BE. If you are not comfortable with a potential loss of that amount then you should not open an account.
- All managed forex accounts should charge you based on your high water mark. Any fee’s over 50% and or a management fee over 2% yearly is very high and I would not recommend it.
- You should be able to close your account at your leisure. You can revoke a poa from a trader if you must exit an open position and close your account. (This could cost you money from open trades and or save you money in the long run.)
- Keep a 12 month perspective. Accounts fluctuate month to month. Plan on withdrawing profits yearly to relieve anxiety on yourself.
Managedforexreviews.com is not a registered CTA. Our sites information was obtained by 3rd party companies. We advise all investors to do do complete due diligence on all companies reviewed on this site. Managedforexreviews acts as a news reporter, gathering information to share to the general public.