A managed trading account is such an account which is taken care of by professional traders or experienced managers. By using the latest technologies, professional managers can merge the accounts of various investors into a managed account. All the investors share profits and losses of that account. Fund managers keeps track of the risk status of each individual’s funds, maintain credibility and security of the account.
My managed account is supervised by alpari. It provides superior investment opportunities and makes sure that no unnecessary risks are taken. As I have a full-time job, I do not have enough time to keep track of the forex market every day. Another thing to mention here is my lack of experience. I want to increase my expertise and skills before managing my own account.
Managed trading accounts are ideal for those people too who want to be profitable without putting much risk on their accounts. While it is wise to use lower leverage at the initial period, most of the starters do exactly the opposite thing. They often use the highest possible leverage and get their accounts splashed quickly. Managed account can be a very handy solution for them.
However, it is very important to invest in a professional company like alpari for managing your account. Otherwise, you may end up losing all your money by the inexperienced managers of the scam companies. If you are new to the market, take your time to get the basics and check out the reputation of your preferred broker in forums.