Monday, 1 August 2011

MANAGED ACCOUNTS

I found that the best possibilities for meeting these criteria are MANAGED ACCOUNTS, that have professionals who trade your account for you, who watch the markets every single moment. This way they can get you out if things turn sour. But not just any managed accounts will do, because not all markets in which they can trade are the same. The market that is open around the clock, except for weekends, is the off-exchange foreign CURRENCIES market (Forex). Foreign currencies can be traded by banks, via futures exchanges, and on Forex. Bank hours and some futures exchange hours are limited compared to Forex, which trades 24 hours a day except weekends. This is beneficial because if something happens overnight your account is able to respond to it instantly and not have to wait for the morning and potentially suffer a huge gap in the wrong direction.

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