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A managed forex account allows a professional manager or someone who claims to be so to trade your funds on your behalf for a salary or a fixed share of the profits. You may select a specialized firm for this purpose or a broker that offers a sophisticated software feature that permits your account balance to be traded by an expert. The latter service does provide an extra level of risk protection. You must always be careful in selecting a money manager that you can trust and that has earned a good reputation in the industry. While most money managers are legitimate, there have been several notable scams in the past a few are discussed below. In many other cases, an enterprising person will setup a firm advertising his services to clients and will trade their funds on an independent basis.

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The digital age has revolutionarised trading and as the world evolves and education becomes commonplace, awareness of investment as a potential revenue stream to those already entangled in current employment circumstances would only increase.

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Fear can be the greatest obstacle in this market.

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Traders who don’t wait for an ideal setup to form, end up losing their money quickly because they negate their trading edge and are simply gambling instead.

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