How Not To Lose All Your Money With A Managed Forex Account

For what its worth

Although there are legitimate pooled accounts under management, pooled accounts are MUCH more susceptible to fraud. Anyone with a computer can create fake account statements. With a pooled account, you can’t ever be sure where your money is. Many of these types of accounts guarantee a large monthly return on investment. There is no such thing as a true guaranteed high percentage return on investment in forex, and anyone offering one is 98% likely to be a fraud. The other 2% of the time, the person is merely an over-enthusiastic idiot. Either way, kiss your money goodbye.

Even if a pooled account does not offer guaranteed returns, it is still a risky investment. You are placing all of your money into the hands of an account manager. Even if the manager is legitimately trading forex and is very skilled, you are counting on this person to not make some kind of colossal mistake with your money. Considering the risks, I would never recommend investing in a pooled account without having an incredibly extraordinary amount of proof that the company is legitimate and the account manager is an amazing forex trader who always follows strict risk management rules. Even then, all it takes is for the good account manager to give into temptation, and all the money can disappear in a day.

Read full article @

http://www.forexpeacearmy.com/forex-forum/forex-basics-boot-camp/2407-how-not-lose-all-your-money-managed-forex-account.html