How to Find A Profitable Managed Forex Account`

When applying for an account with a reputable forex managed account company you will invariably asked to sign an LPOA or Limited Power of Attorney, this is a legally binding agreement between yourself the the account provider allowing them access to place trades on the account but does not facilitate them being able to withdrawal any funds. This gives you significant control over your own funds.
Investing in any market or asset class is a serious business and requires serious consideration and due diligence. Here are some vitally important points you need to take into account when deciding on where to invest in any managed forex fund.
Managed Forex Accounts give people of average means the ability to access to the unique and potentially profitable opportunities made available by the Forex market. Attractive characteristics such as high liquidity, high volatility and high leverage all combine to make forex a suitable investment type for those with reasonable capital and a willingness to seek higher than average return on their investment. As always it needs to be said that with increased returns on investment comes increased in risk, but no form of investment it should be learned from history comes without exposure to some risk. Managing this higher risk is the key factor for any money manager.
When setting up a forex managed account it is very wise to keep control of your funds at every step of the process. By setting up an account directly with a registered broker in a regulated environment you have significantly reduced the risk of any funds being misappropriated by an unscrupulous company or money manager.
You also need to consider what the costs of doing business are to you the investor. How is the money manager being remunerated? Do they have an annual percentage fee, a fee based on trade turnover or do they take a percentage of profit per month or perhaps they even have all 3? These questions can have a profound effect on exactly how much you get to take home at the end of the month. If a trader makes a commission based on trade volume, or the number of lots he trades per month, it is possible they can simply be making money "churning" accounts whilst making little actual profit. This is also associated with "over trading". Many forex managed funds also carry an annual percentage fee based on the account balance. You need to looks for a managed account where the money managers are rewarded for their results, so paying a percentage of new profits on a monthly basis is fair. The exact percentage will usually vary from 15 to 35% of new profits. I would be very reluctant to pay a greater percentage than this.