Hi Guys, if you are looking to invest in Forex and don't know how to trade Forex, you can go with Forex managed accounts in Australia...
Hi Guys, if you are looking to invest in Forex and don't know how to trade Forex, you can go with Forex managed accounts in Australia. That is very handy option because of very reason. First because it is managed by Professional Forex traders who know how to invest in your money and when to invest it and second but not least, they are earning profit for you. But don't be in Rush as you need to be very careful while choosing trusted and reliable Forex managed account company in Australia.
Now a days, Forex managed accounts are growing rapidly in Australia and lot of Aussies are pouring their money with Forex fund managing companies but at the same time, lot of scams are happening as well. Technically, Lot of Australian Forex brokers are giving this option to have Forex managed accounts but please make sure, you are dealing with ASIC regulated Forex broker. Recently, Monarch FX been pushed to Federal court of Australia by ASIC on the scam issue so be careful. Below are benefits of Forex Managed Accounts.
1. Professional Capital Management –
Managed Forex accounts offer professional capital management without excessive management fees. The account manager is a professional money manager and makes investment decisions according to the criteria set by the investor. The investing knowledge and experience of the professional manager can help a managed account trade more successfully in cases with inexperienced investors or those new to the Forex market.
2. Less Investor Time and Effort Required –
Accounts which are professionally managed are handled without requiring a significant amount of time and effort. If an account is not managed by a professional money manager then the investor will need too pay close attention to the markets and the account holdings. The account manager will locate good investments and make beneficial decisions for investors. These accounts do not require close monitoring and the investor time requirements are minimized.
3. No Forex Market Experience Needed –
One of the top benefits of managed Forex accounts is that the investor does not need any experience on the Forex market. Without a professional money manager an investor would need to learn everything possible about trading on the Forex market in order to find and compare the best investment choices. When the account is managed by a professional then the investor relies on the moneymanager for smart investment moves.
4. Affordable Professional Advice –
Some investors are comfortable making their own investment decisions without any expert advice or professional assistance. Some investors need this help though. A financial manager can be consulted but the cost of this advice can be high in many cases. Choosing Forex accounts that are professionally managed allows the investor to get the desired advice and recommendations at a price that is much lower. Each investor pays a small fee for the account management and expert advice is available all the time.
5. High Level of Liquidity –
A high level of liquidity is another of the many benefits of managed Forex accounts. Some investment choices may not be very liquid so if the investor wants to leave a position this may take some time because a buyer needs to be found. The Forex market is very liquid so this is not an issue no matter when the investor chooses to sell.
6. Lower Initial Investment Amount Required –
Forex trading systems have a lower initial investment amount required than other types of investments. This allows investors to benefit regardless of the investment budget available. Some mutual funds may require thousands of dollars to start trading but Forex accounts can be opened with a very little capital.
7. Investing Flexibility –
One of the big benefits with managed Forex accounts is the investment flexibility that these accounts offer. The investor can always add or remove funds from the account and make changes to the account preferences in place. This type of account offers more flexibility than many other investment choices. Market positions can be quickly entered and exited with no hassle and very little time or effort. This flexibility is one of the most popular benefits for investors.
COMMENTS