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Managed/unmanaged Forex

Last post 23 Feb 2006, 5:51 PM by Woff. 10 replies.
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  •  23 Feb 2006, 12:04 PM 109730 in reply to 109727

    Re: Managed/unmanaged Forex

    What do you mean unmanaged? If you want to trust your money to some corporation you found on the net be my guest. My Forex is managed BY ME. I am in control and will always be. If I asked any of you to send me a few grand you would probably tell me where to go! Yet you happily deposit money in people who claim they know the FX markets. If you were earning thousands of pounds off Forex why would you want to go to the bother of asking other people to join you. You may very well get a return from these managed companies but they will be making a fortune from your money. 5k at 5% a day for 1 year equates to nearly £100k. I'd rather manage that myself thank you very much.

     

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  •  23 Feb 2006, 12:07 PM 109731 in reply to 109718

    Re: Managed/unmanaged Forex

    I used the first one for paper-trading and then opened a full account when I was ready to trade for real. The second one isn't bad either, very easy to follow and practice trading BEFORE doing any REAL trades and risking REAL money.

    www.etradespreadbetting.com

    www.capitalspreads.com

    You can get a dummy account here www.forex.com and it will provide you with charts and everything you need to get started.

    The only advice I would give is to paper-trade and trade and trade some more !  Read and read as much as you can....research it properly ...DON'T just jump in and waste money!

    None of the links have anything to do with me, they don't contain any referral links, they could but I prefer not to use them.

    There are no short cuts.

    Best of luck.

  •  23 Feb 2006, 5:51 PM 109776 in reply to 109731

    Re: Managed/unmanaged Forex

    I signed up for 2 dummy accounts and im going to have a go at this properly when i get into the groove.

    Thanks for all your ideas, views and links guys, its much appreciated.


    Woff


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