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Managed Forex Accounts With $1000

By : Paul Bryan
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A managed forex account offers freedom and flexibility to its clients. If you start a $1000 managed forex account, it indirectly provides a risk management support. Like any other managed forex account, you can utilize diverse trading strategies and can adopt stringent money management practices. This account ensures that you earn regularly with long-term capital growth.

In most cases, when you open a $1000 managed forex account with some trader or broker, they use a software based on an algorithm, for example, percent allocation management module, which distributes gains, losses and fees on an equal percentage basis. So even if your seed amount is only $1000, you enjoy the same percentage of returns like any other accounts.

In lot allocation management module, however, different trade lots are assigned to different accounts. As a result, you may receive a leverage that suits your need. The broker will deduct a profit share periodically in return of their service. Some may charge a small commission if they offer benefit of a smaller fixed spread for trades they make.

In a $1000 managed account, your investments are taken care of by experienced traders. If you do not have the expertise to invest in forex trading, they take care of your money so that you earn profit. You will have complete access to your account either through an online report viewer or the trading platform.

Here you can view the account, check the balance and activities, though, you will not be able to place any trades. As the trader cannot transfer your money, deposit, or withdraw your funds, your investments are fully secured. If you have any concern regarding the trades made in your account you can get them clarified from your broker.

The $1000 account is set up directly with the brokers who clears transactions and handles transfers, deposits, and withdrawals. You need to sign a limited power of attorney to authorize the broker to allow him or her to trade on your behalf.

Opening a $1000 forex managed account is really simple. Select the broker, open their website and find out the right type of account. Fill in some personal detail, transfer the initial sum and you are ready with your managed account. Before choosing your broker, find out if is registered with some regulatory agency. Always ask for the past history of their performances.

There is no ‘lock-in’ period for which you must keep your money in the $1000 forex managed account. There is no penalty for withdrawing either. Withdrawing money from your $1000 forex managed account is also simple and you can do it online. If you do not withdraw profits, you can reinvest them again, compounding your profit. So you gain much more than you expected to earn from your $1000 forex managed account.

About the author:
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