Posted by: nbaground on: January 25, 2010
Many forex investors are now trying to find different ways on how they may earn money from forex without them trading the markets themselves. Various service providers have created numerous services to help forex investors in their quest to be profitable.
Two of the most popular options available to currency investors are forex automatic trading and managed forex accounts. In automatic forex trading, the investor makes use of forex robots to aid investors in their trading while managed forex accounts are forex accounts where the forex investor turns over the trading decision to a forex manager who takes care of the analysis and trade position decisions.
The two are somehow comparable in the sense that both take the element of decision-making away from the forex investor. In automated forex trading, there is a pre-set of factors that are programmed into the forex robot, that once met would result in a buy or sell position that is automatically entered by the forex robot thru the forex trading terminal of the forex investor.
In a managed forex account, on the other side, the investor lets the forex manager take care of deciding what trades to make. The technical analysis and fundamental judgements of the forex manager is based primarily on his strategy. He may utilize the aid of forex robots or not. But in the end, it is his decision that is followed when it comes to trading positions.
In a way, forex automated trading gives a bit more control to the owner of the account in the sense that he could turn off the forex robots at any time he wishes to. This is something that he cannot readily do with a managed forex account where he surrenders the power to trade his account to a forex expert.
The two approaches to forex trading are both meant to increase the effectiveness of a forex account. Just choose which method you are more comfortable with. And analyze which approach can give you more profits.
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