At ForexSQ team I receive many emails about which Forex companies provide the best managed Forex accounts service, so in this article, I want to explain what is Forex managed account service and its advantages and disadvantages, I will show you also where you can find the best Forex managed account companies. A managed Forex account permits an expert manager to trade your funds on a fixed share of the profits. For this purpose, you could select a specialized firm or a broker that provides a sophisticated software feature that allows your account balance to be traded by an expert. You must at all times be careful in choosing a money manager that you can confidence, and that has earned a good reputation in the industry. Whereas most money managers are legitimate, there have been numerous notable scams in the past. In many other cases, a creative person will setup a firm promoting his services to clients and will trade their currencies on an independent basis. ForexSQ Forex experts team provide a list of top Forex Managed Accounts brokers use dedicated teams which comprise international and professional trades to manage your account with low risk. Advantages of using Forex Managed Accounts Service There are many advantages that a managed account provides to the investors: Good Profitability – Due to the measures that have been instituted on many stages, it is at present possible to verify the records of previous results of a managed Forex accounts service provider beforehand taking on the service. This guarantees a PAMM account. Though it must be noted that previous results are not suggestive of future results, but it is a better option to use a trader who has been profitable than to use one who has never been profitable. Bypassing the Learning Curve – The learning curve is pretty steep. It takes years of practice and training start attaining consistency in profitability, especially when such training has not been prepared in a formal school of finance that the expert hedge fund traders have been exposed to. As a Forex beginner has no such knowledge and lacks the essential educational background, picking the brains and experience of a managed Forex accounts manager is the better choice. Experience – which can only be gained through long-term involvement in the marketplaces, is the only asset that can diminish or even negate the large risks related to currency trading. Since a novice lacks such a background by definition, cooperating with a money manager might seem to be the best choice. Emotional difficulties – intricate in trading cannot be tolerated by everybody because each person has a different personality and some are more prone to emotional extremes than others. Working with a money manager can also assist you to overcome this problem. Lack of sufficient time – is one more issue that discourages beginning traders from really committing to currency trading. A full-time account manager who can spend all his energies to trading for his clients is one more positive part of this approach. Disadvantages of Managed Forex Accounts Services Trading with a Forex managed accounts service may have some powerful advantages, but risk can lurk in the corner in various forms. Lack of Continuity – A managed Forex accounts provider may be very profitable and all, but what if the trusted manager falls ill and is absent to trade, or dies? The profits and services die with the manager and in the service continuity cannot be guaranteed. Another facet of this problem happens because previous results are not always indicative of future outcomes. It is probable for even a profitable account manager to hit a rough patch. And if you sign up with the service while the losing streak commences, the trader comes off poorer. Always, such traders would remove, and if the losing streak ends, the trader is then in a position not to be able to benefit from the lucrative streak. Dependency – If a trader were to obtain trading skill, then this skill is kept and used for a lifetime. But by using a managed Forex account service, the chance to learn to trade the markets is lost. The trader now comes to be subject to the will and skill of the managed Forex account provider. Conclusion However, Investing in managed account service has advantages of using professional money manager service, but it involves risk of losing your capital. To decrease the risk of investing with Forex managed account service you must do research to invest only in top companies. By Investing with a managed Forex account broker list at www.ForexSQ.com. If you avoid giving your cash to scam brokers as ForexSQ experts team only list the best Forex managed accounts companies Felipe Erazo Felipe Erazo Felipe earned a degree in journalism at the University of Chile with the highest honor in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. He has been working as a freelance writer and forex/crypto analyst, with experience gained at several forex broker firms and forex/crypto-related media outlets around the world, such as FXStreet. He has been involved in the world of online forex trading since 2010, and in the crypto sphere since 2015. Moreover, Felipe has worked as a journalist and editor for several media outlets across Latin America, collaborating with radio stations from his home country, Colombia, Chile, and the United States. View All Post By Felipe Erazo Forex Bits share Read Next Dollar attempting a recovery ahead of key events [Video] Yohay Elam 6 years At ForexSQ team I receive many emails about which Forex companies provide the best managed Forex accounts service, so in this article, I want to explain what is Forex managed account service and its advantages and disadvantages, I will show you also where you can find the best Forex managed account companies. A managed Forex account permits an expert manager to trade your funds on a fixed share of the profits. 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