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Running Your Own Forex Fund - A Basic Guide
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Posted On :
Sep-28-2011
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Article Word Count :
521
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This article is all about how you can use automated signal providers to trade the markets for you, enabling you to run your own forex fund.
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For many people the idea of making money from forex trading without having to trade yourself is just a dream. However it could now become a reality because there are ways in which you can manage your own fund, and have other traders trade the markets for you.
The trick is to make use of some of the automated trading signals that are available to you. This is a relatively new sector of the forex industry, but it is growing all the time.
There are websites that you can go to that have thousands of different signal providers and you can get total access to all of these forex traders at no cost whatsoever. The only catch is that you have to open an account with one of the forex brokers that the website has an introducing broker relationship with, so they and their signal providers can earn small commissions from each trade. However this isn't exactly a major inconvenience.
Once you have signed up to one of these websites that offer automated trading signals, you can then look through the trading records and the statistics for each signal provider, and pick those that are most likely to make you money. You can pick just one if you want to, or you can choose as many as you want. It doesn't really matter because it is often a free service anyway.
As soon as you have chosen your providers, you can then enter your trading criteria, such as the stake per point for example, and let them trade the markets on your behalf. Every signal that they generate is replicated in your trading account. So if they are profitable, you will of course share in their success as well.
All of this means that you are essentially in control of your own forex fund. This managed forex account should hopefully appreciate in value if your chosen providers are successful, and you don't have to do anything at all. There is no need for you to trade and you don't even need to know the first thing about currency trading because you have people trading on your behalf.
A lot of people are enjoying the benefits of automated trading signals, and it is an area that is becoming more and more popular all the time. However you still have to exercise caution because even seemingly profitable traders can go through bad patches. Therefore you do still need to actively manage your portfolio of signal providers in order to ensure that you don't start losing money. Any unprofitable traders can simply be removed and replaced by a more profitable trader instead.
So the point is that it is definitely possible to manage your own forex fund in this day and age. There is no need for you to trade at all. All you need is some capital to trade with, access to an automated trading signals website, and obviously access to the internet. If you have all that, then you can start reaping the benefits of having other more successful traders trading the markets for you.
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Article Source :
http://www.articleseen.com/Article_Running Your Own Forex Fund - A Basic Guide_86731.aspx
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Author Resource :
Click here to read a full review of ZuluTrade to learn about one of the best automated trading websites, and to check out some profitable long term forex trading strategies that you can use to trade the markets.
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Keywords :
managed forex account, forex account, forex fund, forex, forex trading, forex signals, trading signals,
Category :
Finance
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Currency Trading
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