FOREX Managed accounts allow you to access the FOREX market without becoming a trader yourself. At the same time you have some control over your funds. You are not handing your money over to some unknown entity or known entity for that matter. You place your funds in a registered brokerage and can pull your funds at any time normally.

With managed accounts you would set up your own brokerage account with a major brokerage of your choice and give a power of attorney to a trader to trade your funds for you. This limited power of attorney only allows the trader to trade your funds for profit and cannot withdraw your funds or control them for any other purpose.

FXCM is one such broker and also offers its own managed accounts.

With managed accounts you are hoping the trader will do a better job than you in the markets. You can, however, retract the power of attorney at any time if you do not like their performance. You can withdraw funds any time though sometimes you will want to communicate this to your trader so they can plan their trading accordingly.


To keep up to date and get access to some of the best managed accounts available join the WBC at this link: http://www.twelfth-step.com/wbc.html

As a member of the WBC you can get access to other private clubs and co-ops as they become available. See the above link for more details.