In the information that follows I will introduce you to a unique Managed Forex Trading Account alternative and some of the benefits you may realize by investigating it further. Unless you have been living under a rock over the past few years you have seen countless numbers of programs, seminars, courses, ebooks and television commercials touting the benefits of learning how to trade the Foreign Exchange Currency Market a.k.a "Forex".
In the midst of the propaganda there seems to be a realistic ability for those who invest the time to learn sound strategies and techniques to generate consistent profits through this vehicle. Where a problem arises is through the abundance of ads, promotions and marketing messages that attempt to convince consumers that there is some secret Forex Trading Software or little known Forex Trading System that will make profiting rom the Forex Market a simple task.
The reality is despite the hype the only viable option for "Easy Forex Profits" was through a Managed Forex Trading account. This is where a person who has no interest in learning how to become a prolific trader simply deposits funds into a Forex Trading Account and signs a Limited Power Of Attorney giving the rights to make decisions on what trades will be placed on his account to a seasoned Forex Trader. The benefits of this type of arrangement seem very obvious, the investor can simply spend their time as they choose, the trader gets access to more funds to trade with and the trader receives a management fee of somewhere between 20-35% of the profits in most cases. Here are a few of the drawbacks.
A) The trader, although only being compensated when he makes a profit, does not lose anything when he loses the investors money on a trade or series of trades. He can actually "experiment" with new trading strategies etc. if he chose to with no repercussions because he is not using his own money to trade with!
B) Generally the minimum amount it costs to get involved with a Manged Forex Trading Account is $50,000.00. There are some with minimums as low as $10,000.00 but even that is a stretch for most people. This fact alone prohibits access to this option from smaller investors.
C) You have zero input into the type of risk per trade, what currency pairs are being traded etc. most managed accounts simply trade your account and do not want or welcome any input from you. In addition you generally have to get permission to withdraw your own money!
Now lets look at an alternative that changed the rules. I believe this option to be a more viable option to a Managed Forex Trading Account. it is called Automated Forex Trading Software. There are many options to choose from like FapTurbo, Foerx Megadroid, Trend Trimmer, Forex Funnel and more but the common thread is that they can easily be downloaded and installed on any MetaTrader4 platform available at most brokers. It generally takes less than 10 minutes to set iup a software of your choice and within minutes you can have the software processing data to take trades on a live or demo account.
Unlike the Managed Forex Trading Accounts the Automated Forex Trading Software allows you the following flexibility.
A) You can invest as little as $500 with ANY broker who offers the MetaTrader4 Platform.
B) There is NO management fee charged to your account by any traders so you keep 100 % of the profits they make you.
C) You can control how conservative or aggressive you want the software to be or you can simply choose the default settings then set it and forget it.
In addition, with most Managed Forex Trading Accounts you have restrictions on when and how much of YOUR money you can withdraw. When you use a Forex Trading Software YOU control when and how much you want to withdraw from your account and the software automatically adjusts tto compensate for it.
D) And this is my favorite.Most Forex Software a.k.a Forex Robots are generally offered through a payment processor like ClickBank. This allows you to get paid to refer others if you choose. There are very few if any managed forex trading accounts that will pay you a referral fee for sharing it with others.
The software option in my opinion is a better option than the managed trading account ito create consistent passive income especially if you do not have alot of money. Your primary goal when attempting to create passive income or passive residual income is to keep expenses low or to have no ongoing expenses at all with the potential for profits high.
If you had $50000 invested in a managed forex trading account and you are paying a 30% performance fee to your trader and the return for the month was 5%. Your potential profit would be $1500-30% which is $450.00. Your net profit would be $1050.00. If the profits remained at this level each month you would be sacrificing over $5000 per year in passive income! I think the choice is pretty clear, grab yourself an automated forex trading software, start small get a little knowledge and grow your money yourself with no fees!
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