Managed Forex Trading Accounts, are accounts that are set up by individuals or investors, who wish to have exposure to the lucrative Forex market, but may not have the knowledge required to enable them to trade their own account, or they may not have the time required to trade their own account.
As the name suggests, managed Forex trading accounts are fully managed on behalf of the individual or investor, by a professional Forex trader or money manager.
The investor opens up a trading account with a broker. It must be a broker that offers managed Forex trading accounts, as not every broker does. When the account has been opened, the investor deposits funds into the account. A limited power of attorney agreement is drawn up between the investor and the money manager, which enables the money manager to trade the investors account on their behalf. The investors account is then linked to the money managers master account, and all the trades that are taken on the master account, are automatically copied to the investors account. Its safe and secure, as no one has access to the funds in the investors account apart from the investor. The money manager cannot deposit, or withdraw funds from the investors account, and the investor retains full access and control over the account at all times.
This is the ideal way to have your money traded for maximum safety, control, and true transparency. Investors can check the balance of their account at any time, see the daily trade activity, or withdraw or deposit funds whenever they please.
For more information on Rob Taylors managed Forex trading service visit. http://www.tradeforexmakemoney.co.uk/