Forex managed accounts uk
Written by Nick McDonald. This is me presenting in Shanghai to a group of investors. An investor allocates money for you to trade on their behalf and agrees to pay you a fee.
The process of trading for your investors under this model varies slightly from broker to broker, but it normally looks something like this: Paid when you make your clients money equity gains, remember that your balance is fugazi. All we care about as traders are equity gains. This is the best kind of fee because it aligns your interests with those of forex managed accounts uk investors.
Like a perfect marriage, your goals are aligned. You earn a slice of the spread every time you open and close a trade. An ongoing fixed percentage fee for managing client money. This is the role of the management fee. However I will say, the costs and ball ache are substantial and probably not worth it for the average trader. First, begin forex managed accounts uk trading forex managed accounts uk clients using one for the many trade copier communities out there.
If you have extended success with that, money will start to find you after about 12 months. My advice to aspiring traders is to protect and preserve your track record. Try Live Forex Trading Room now for just 7 days free and gain access to:. You must be logged in forex managed accounts uk post a comment. Blog Forex Forum Log in. First thing— What is a forex managed account? Your investor signs an LPOA limited power of attorney allowing you to trade their account for them, and agrees a fee structure.
They fund their account with the broker allocating the capital to your master account sometimes called a MAM master. There are 3 different ways for you to earn income from your managed account. Performance fee Paid when you make your clients forex managed accounts uk equity gains, remember that your balance is fugazi. I hate traders who charge their investors rebates.
Management fees An ongoing fixed percentage fee for managing client money. Do you need to be a license to offer a forex managed account? Does this make you liable if a client decides to sue you?
I assume the reason is two-fold. It was for me. Money, opportunity and pressure will follow. Only then will you live the life of your trading dreams. Try Live Forex Trading Room now for just 7 days free and gain access to: Leave a Reply Cancel reply You must be logged in to post a comment.
Join our Live Forex Trading Room now! Become profitable trader with a help of our great community. Daily Live Streams and much more! Learn from FX Forex managed accounts uk Gain full access for 7 days free.