In many cases of managed accounts, the manager actually appropriates funds towards unrelated luxury items such as cars, islands, and castles. When finally caught, the manager is not able to pay back the whole amount of stolen capital resulting in unhappy clients and multi-million dollar lawsuits. Yes, we know it seems extreme but, more often than not, it happens and people can lose their entire investment.

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Some trading platforms even offer an option to let traders act as managers using the account structure of the broker. This prevents an qualified managed forex trading account from taking funds to spend on New York Knicks tickets, trips to the Bahamas, or a Porsche Cayenne. While this is a safer option compared to letting an independent manager trade your money, you still lose out qualified managed forex trading account the priceless knowledge and experience gained through studying forex trading.

In the end, the only surefire way to grey market stocks canada profitable in the forex market is to be knowledgeable, practice, and stay disciplined. We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders.

Pros and Cons of Managed Forex Accounts for Investors - Forex Training Group

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