The foreign exchange markets have evolved into a multi trillion-dollar market in last one century. Currently, it is the world’s largest market as far as dollar value is concerned. Forex market has huge potential for speculators, investors and hedgers alike. They can easily get what they want by concentrating on some basic principles about the Forex market. Hedges, speculators and investors have to hedge their everyday currency risk through following a complex strategy. The Forex markets provides them liquidity and instruments for trading which helps them earn huge returns from currency market. However, they have to be extra careful while selecting a forex broker or investment management company for their future investment.
The purpose of fully managed forex accounts is somewhat similar in to managed futures accounts. However, managed futures industry is more regulated as compared to forex industry. The managed futures industry is relying so much on licensed commodities trading advisors and it is referred as the CTA industry. CTAs are kinds of individuals or organizations that manage assets and provide advice for trading in derivatives. This term is also used to define hedge fund advisors.
Fully Managed Forex Accounts
Fully managed forex account is one of the best investment opportunities for investors who want huge returns from their investments.
Advantages of Using Fully Managed Forex Accounts
Following are the most important benefits offered by fully managed forex accounts.
Services of professionals
Passionate forex investors always willing to take maximum risks from their leveraged forex trading. In addition to that they are also comfortable to use the services of professionals to do the work of trading and selection. After selecting a reliable fully managed forex account provider, investors just have to put money in their Forex account. Then they have to leave that on their account managers who have considerable experience of handling these investments. Forex investors must also keep in their minds that they may suffer huge losses while making effort to earn huge gains from their investments.
Secure investment in the most Liquid market
Foreign exchange markets are mostly utilized by intelligent traders who know how to take advantage of large amounts of borrowed money to earn huge gains. Forex investors must keep in their mind that forex market is more liquid and fast paced as compared to other investment avenues. Since, it is the most active investment market in the world. In addition to that it’s transaction costs are lower which makes it a popular forum for those who enjoy the thrill of speculation.
Time saving
Fully managed forex account is a very good option for investors who don’t have enough time for trading and they also don’t have enough knowledge about currencies. However, they still want exposure in the market with this asset class. However, investors must keep an eye on the performance fees charged by the brokers as done brokers may overcharge them for their professional services. Good brokerage houses charge performance fees of between 20% and 30% of a trade’s earnings.
Forex92 – A Profitable Fully Managed Forex Account
Following are most important account features of fully managed forex account service offered by Forex 92.
Wide range of investment options
Forex investor must look for fully managed forex account platform who offer wide range of investment options as it will help investors to create a diversified investment portfolio. These forex accounts allow them to access most areas of the capital markets through a single forex account. Therefore, they offer trades on major and minor currency pairs, cryptocurrencies etc. Investors must keep in mind that depth of coverage also matters as it will help them to create safe and secure portfolio. Forex92 is one of those companies who offer wide range investment options. Moreover, it also offers different types of accounts for different types of investors such as personal accounts, corporate accounts and professional accounts etc.
Reasonable Fees and good returns
Experienced forex traders know that trading costs can have a significant impact on profitability of their investment portfolio. They know very well that even a little difference of a pip or two can great huge difference for the active high-volume traders. They must keep in mind that if they are selecting a high cost company then it must offer them some facilities such as high rate of returns. Forex92 is a kind of company which charges reasonable fees but offers very good amount of return rates. Forex 92 charges 25%-35 % fees/commissions on profits with monthly average returns of 30%.
Good customer service
Forex investors must keep in their mind that good and reliable investment companies always offer high quality customer support services. Their offers differ greatly from ordinary brokers as they offer various additional account features and trading terms. Investor must study terms of service to better analyze these customer support services offered by investment companies. Forex92 is an ideal company which offers high quality customer support services with many additional services such as multilingual support even on weekends and holidays.
Minimum Deposits
Newbie investors must look for brokers who offer low minimum deposit for their investors. Since, it’s not feasible for newbie investors to commit large amount of money for their investment portfolio. Forex92 is one of those fully managed forex account provider who is offering minimum deposits starting from $5000.
Innovative trading strategy of Forex92
The innovative trading strategy is based on following important components
Trend lines
Trend lines is a simple tool that is utilized by Forex92 team to gauge the overall direction of forex asset. In addition, they are also used to aid in predicting areas of support and resistance. This means that traders and fund managers can use trend lines to identify various levels on a price chart. Identifying these levels is important as asset price may fund difficult to move in the near future. Fund managers utilize this information to search for strategic entry levels or they can be used to identify areas to place stop-loss orders.
Horizontal Support/Resistance Levels
The trading team at Forex92 analyses horizontal support and resistance levels very closely. Trading team gives special importance to these levels as support and resistance levels can be used to gauge potential reversal or continuity in future price movement. Horizontal S/R is one of the most effective technical tools to maximize profitability in forex trading.
Fibonacci Retracement Levels
Fibonacci Retracement Levels are one of the most effective tools used in trading strategy laid down by the Forex92 team. Fibonacci Retracements are unique kind of ratios utilized to identify potential reversal levels. These ratios can be found in the Fibonacci sequence. The most important and vital Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%. Retracement levels alert Forex92 traders of a potential resistance area, trend reversal, or support area.
Conclusion
The Forex market has become the world’s most liquid and continuous markets with trillions of dollars being traded daily. Investors can trade on spot market, futures market to earn huge return from their investment strategies. Forex investors can follow complex speculative strategies or simple trading techniques to earn profit from the forex markets.
Foreign exchange market is a complex and risky place for investors. Therefore, there is critical need for investors to understand foreign exchange like never before. Since, risks associated with forex market have increased in today’s world of internet revolution. Since, it is now easy to do fraud with everyone through using different internet enabled techniques. Moreover, investors have to deal multiple currencies and it is the need of an hour that we will be required to address the risks associated with the currencies. Therefore, investors must know how to evaluate the effects of currency manipulation within the Forex market. In addition, they must know how to counter the sudden changes taking place in exchange rates with respect to their consumption decisions, business plans, investment portfolios, government policies etc.
According to the Forex experts, fully managed forex account is best solution for the above mentioned issues faced by the investors trading in the Forex market. However, forex investors have to beware of the number of scams in the managed account industry which are growing exponentially. Forex investors must follow some basic techniques to save themselves from scams. Therefore they have to avoid themselves from shady managing companies and websites. It is always preferable to use an account at some reputable fully managed forex account company. Forex 92 is one of that companies which is registered with many regulatory authorities such as FCA. They must keep in mind that it is very important to keep an eye on the past performance of the selected fully managed forex account service provider. Therefore, Forex 92 is an ideal choice for then as it provides complete information about its past performance.