Video Information - Managed Funds In Forex
In the region of 5 trillion dollars is the amount of money that changes hands every day in the forex market. So much money in fact that it can't be affected by other influences as it does in the stock market. Managed foreign exchange accounts are excellent for investors that have no time or aspiration to study how to transact on their own. It is a hands off alternate financing that many investors find quite attractive.
Forex management firms make their money by charging the saver a charge for performance. The charges will differ with various companies but usually they are between 25% to 50% although I have seen them as low as 10%. Don't let the higher fees put you off you because in a lot of occasions, the rewards are much greater than those whose costs are reduced.
A limited power of attorney (LPOA) is granted to the dealer by the customer so that the agent can access the client's trading account merely to place the transactions. Agents will not be able to withdraw funds from depositor's account aside from performance charges.