Managed Forex accounts are meant primarily for investors who wish to diversify their portfolios. It also helps investors get started in investing with lower costs than real estate
Forex Managed Accounts are offered as a way for an investor to have their stocks professionally managed. Investors can invest directly into these Forex Managed Accounts and not have to worry about following every stock individually.
"Yes managed forex trading is available in California. It depends on your location, you would have to find out yourself if it is available in your city or not."
If you know how to trade and if you can consistently make profits then forex can become a permanent business. There are many traders who offer managed accounts and their only business is trading forex.
There are a few platforms which do offer Forex trading. Here are a few examples: "FOREXYARD", "Ducascopy Bank", "Eagle Traders", "The Forex Village" and "PFGBEST".
"The Managed Forex has to do with trading.
Some of the benefits for Forex trading are that there are zero businesses intervening between one's self and one's market investments. The Forex trading system is also continuously available every minute of the day to investors and traders. The cost for entrance into Forex trading is considerably cheaper than other domestic means of trading.
Many people who have chosen to become investors have also chosen to take advantage of one of the largest financial markets. Those who have a Forex managed account can use the account to take advantage of a forex trader who makes all of the trading decisions for new investors. This allows the new or average investor who does not have any experience to enjoy the benefits of the stock market. A Forex managed account can allow any new investor to know what it feels like to have the expertise of a professional trader.How It WorksA managed forex account almost works in the same way that a traditional mutual fund would work. A group of investors can give the saved investing money to a management company. This management company hires a professional trader and puts that trader in charge of the money. The job of the professional trader is to watch the market and make any available profitable trading decisions for the entire group. In some cases, each trader has a separate account set up for his or her money. This account is designed to take the exact same trades as the professional trader. In other cases, all of the money from each investor is combined to make one very large account.Benefits of a Forex Managed AccountThe benefits of a Forex managed account include the fact that investors can make money in this investment market without needing to learn how to trade in the forex market. This market is extremely complicated. The average new investor may not make the best and most profitable decision with the investment money. This managed account can allow traders to take advantage of the experience that a professional trader offers. In addition, the new investor does not need to sit at a computer all day in order to make money. He or she can make money any time that the professional trader is working on the account.The RisksAlthough a Forex managed account has a lot of benefits, one should be aware of the risks. For example, the success of a Forex managed account depends mostly on the ability of the professional trader.
Since you can open a Forex account through the internet and from any country in the world, there is no record on how many traders there are. My guess will be tens or hundreds of thousands of traders.
You get accounts at Forex Managed on their website. The Forex website should be the only place where you get a Forex Managed account, as other websites not owned by Forex promising to give Forex accounts may be phishing scams.
There are about 30,152 registered Forex traders in the world but if you want to include non registered too it would be over 96,000.
Forex is tax-free and forex traders do not need to pay tax. Keep all your money for yourself.
Forex brokers offer chances to practice trading before trading for real. They also have a trading academy with different interactive trading courses for both traders and investors. There are also chances to take part in live webinars and watch videos.