Forex Money Manager Choosing the right one for your Forex Investment
A Forex money manager is a financial professional who manages the money in a Forex investment. They can be a fund manager, and make forex investment decisions for the entire pool of investors, or they can be a private Forex money manager who represents specific investors, and advises them on about how to manage their Forex investment for a fee. Without a Forex money manager to help manage your Forex investment and give advice, you could end up making bad decisions, and losing money. A professional Forex money manager understands that the first rule is to avoid losses, and many investors do not follow this rule in the hope of making a lot of money. You need a Forex money manager to help you minimize the risks involved, and to give you professional advice on the best way to manage your Forex investment. Not using a Forex money manager is one of the biggest mistakes that any trader can make, and this can cost you substantially.
You may wonder if you need a Forex money manager because many funds offer a fund manager, but this position should never be confused with a Forex money manager because the first priority of a fund manager is the fund. A Forex money manager puts you as the top priority, because you are the client. A Forex money manager will ensure that there are no conflicts possible, because they look out for your best interests when it comes to your Forex investment capital.
Many individuals do not want to pay for a Forex money manager, but this does not have to be an outrageous expense. There are different ways that a Forex money manager may be paid. Sometimes a Forex money manager may require a percentage of the Forex investment capital, and at others a flat fee may be charged by the Forex money manager instead. If the Forex money manager is also the fund manager payment is usually made through the fund, with all the Forex investment traders in the fund paying a small part of the Forex money manager fees. You need a Forex money manager to avoid any common and costly mistakes when it comes to your Forex investment. A Forex money manager will manage your Forex investment according to the best money management rules possible. The goal of a Forex money manager is to choose investment options which minimize the potential Forex investment losses, while at the same time the Forex money manager will maximize the possible returns from the Forex investment as well.
The risks to your Forex investment when a Forex money manager is not used is too great, as any trader who traded without a Forex money manager can verify. Unless you are a professional trader or broker with vast experience a Forex money manager is the best way to go with your Forex investment. If you want your Forex investment to thrive instead of shrivel, using a Forex money manager is a must. Risk Disclaimer
This website is for informational purposes only and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or financial futures instrument or to participate in any particular trading strategy. The information presented on this website is for general information only. Although every attempt has been made to assure accuracy, we assume no responsibility for errors or omissions. Forex-, Stock- and Futures trading is speculative, involves a high degree of risk and is designed only for sophisticated investors who are able to bear the loss of more than their entire investment. Performance figures shown are from a live forward test and can be considered hypothetical. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there can be frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully account for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. |
