How to Get Managed Forex Successfully ?

by forexportfolios Fri Oct 16, 2009 6:20 pm

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How to Get Managed Forex Successfully ?
Everyone is talking about forex trading and how much money they are all making with it. It's incredibly tempting to get into, but if you aren't sure what you are doing, it could spell out disaster for you very quickly. If you are new to forex trading and would like to get in deeper, the best way to do this is to find a good advisor that can help you with managed forex trading.

Though no one can guarantee you a profit with managed forex trading, picking a good advisor can at least boost your chances of making money. Your advisor could either make you a lot of money, or he could help you lose a lot of money.Here are a few tips on what to look for when selecting an advisor.

The first thing to look for is experience. You will definitely want to pick an advisor for your managed forex trading account that has at least ten years of experience. Ten years is a good benchmark because that should be sufficient time for someone to see different stages of the market. If an advisor only has five years of experience, they may not have had any experience or knowledge of what to do if the market experiences a crisis. Another thing to look at along with the experience is the adviser's profit during their history. If they show a lot of loss, you might want to try to match up the time frame of the losses. If it matches up with down turns in the market, it might make sense, but if you see too much of a loss, it might be a good indicator to pick someone else.

The next thing that you will want to look for is the adviser's plan for short term and long term investing. It is incredibly important to have both the short term and long term planned out. Remember, plans can always be adjusted or changed, but it's just good practice to at least have some plans. Also, make sure that the plans match up with your investing philosophies. If the adviser's plan is completely different from your own investing philosophies, than you need to find someone else for your managed forex trading accounts.
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If you are ready to make money We offer managed forex accounts for high net worth clients. Please contact us for details!

Managed Forex Accounts

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Regards
Frank Gollier
Business Development Manager
Forex Portfolios Management
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