Money Managers
managed forex accounts present a decent opportunity for those who don’t have the time to learn how to trade forex or enough time to actually trade their own forex account to still make some profits from the forex market. They also open up investors to the triple threat of scam, incompetence, and bad brokers
Most Money Managers are solid, honest people doing a good job. How can you tell which ones to stay away from? First off, research everything you can about them, starting with one of these: SEC, CFTC and NFA. Don't just take what they say on their web.
An example of what to look for would be:
According to the SEC, CFTC and NFA no Money Manager is allowed to guarantee that you won't lose money! This is illegal.
Watch out for anyone who...
1. Guarantees that you won't lose money!
2. Does NOT use hypothetical reports. These are back tested that are easily manipulated for their benefit.
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