A forex managed account is an account, managed and traded by a forex money manager, registered in the name of the client for whom the money manager works for. The forex money manager is a professional trader or a company, and is paid a previously agreed on percentage of profit that is made with the money in the managed account. It is basically hiring the services of an experienced professional trader to trade for you and manage your account. The account is yours, the money is yours but the trading decisions and the actual trading is done by the profession trader and the profit made is divided between you and the trader on a previously decided percentage.
For trading via a forex account that is managed you need to open a trading account with a brokerage firm in your name. Next you hire the services of the professional trader or company that you want. Your forex online account is added to the online portfolio of the account manager and his details in turn are recorded by the brokerage company.Forex Managed Account Forex online
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