Advantages




Advantages

The Power of HouseFCM Financial Advice

Sound financial advice makes all the difference, that’s why we strive to provide more than just capital growth for our clients. We also believe in providing hands-on expertise to go beyond to build and protect their wealth for generations.

Advantages of Managed Accounts!

Over the last few years, investors are seeking higher returns than the traditional bank interest. As a result, more and more investors are considering managed forex account service to help them generate additional income.

There are two main ways to trade the forex market.

Let’s discus self-directed trading.

When you trade your account, you must control your emotions, as there are a lot of emotions involved. Many traders tackling the Forex markets for the first time set high expectations. Instead of ‘learning the ropes’ they go in with hopes of generating unrealistically high returns. Unfortunately, generating a high return during your first few years of trading is often more luck than skill. Inevitably, you suffer a series of losses in a row, and your account goes in a drawdown. Your confidence is now at an all-time low and, as Murphy’s law would indicate, the minute you stop trading, your system’s best trades come up, without you on them. Fear then sets in, you procrastinate, and you fail to take every trade your system generates. Now you are in a worse position than when you started. Your account is down, your confidence is low, and you still don’t have an effective trading system. A managed forex account service, on the other hand, simplifies everything for you.

There are many benefits associated with a managed forex account service, and we’re going to cover them here.

What are the top three benefits of a managed forex account?

Time

The first major benefit of a forex managed account service is time. Time is our most precious resource. Don’t just think about the time of actively trading. Actively trading is often the fun part of executing the trade and following your stops. What traders fail to realize is it can take at least 6 to 12 months of developing a sound, low-risk trading idea. Then you must back-test your new strategy. This will then give you the confidence to trade the idea and your new setups. If you are only thinking about the time it takes between 7pm and 10pm to execute your system; then you are mistaken. Think about the time it takes to proactively build and manage and back-test a fully developed trading system. A professional trading system includes your entry, exit and risk management parameters.

Working with a professional

The second benefit of working with a managed forex account is you get to work with a professional. Ideally, the managed forex account you select will be run by a professional who has been in the markets for years.

It’s HFCM life. we live and breathe the forex markets.

You get to work with professionals who has been building their trading systems, building their trading ideas and back testing their ideas in the market to make sure they’ve got a positive expectancy in their trading system.

You control your funds

The third benefit of a managed forex account is you control your deposit amount and can start and stop when you like.

Not everyone understands this.

When you open a managed forex account service, you control the amount of money you put in. Here are some points to consider about your account:

Remember, you control when you start and stop trading the managed forex service. You need to keep this in mind as well.

If you want to stop your forex managed account service, you need to discuss it with your forex account manager

However, you can ask them to close all positions on your account, and they will close them within the hour.

As you can see, there are several benefits of a managed forex account service. It is easy to set up. It will save you time. It will remove the emotions from your trading. You get to work with a professional, and you control all deposits and withdrawals to and from your account.

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