Forex (FX,currency market) is a huge market which can turn one dollar to one kg gold and can even turn one kg gold to one dollar. So we can see it’s a highly volatile market. First of all let us understand what is forex .
Forex stands for foreign exchange.In this market one kind of currency is converted to other. Suppose a person from UK wants to purchase something from US,This market will help him to buy things. In this process of exchanging, a normal person can make a lot of money. Only two things are required to make money in this field, first one is experience with forex and second is ability to make correct decision at correct time. So if you have experience with forex market and ability to make good decisions then you can easily make lot of money from forex market. You just have to open a forex account and do transactions.
If you don’t know much about forex market and don’t have enough experience,that does not mean you can’t make money with forex account. Still you can make lot of money and most of the forex investors do same thing. This is where concept of managed accounts forex comes. Some third party will manage your forex account. You can hire a third party that will trade on behalf of you, that will help you in doing transactions. Third party with high experience and expertise forex money manager will manage your forex account .They will keep some percent of profit earned as their fees. Even after hiring them you will have complete control of your forex account.
Next question comes which third party to hire. Well there are many third parties. You can just google them with term “managed forex accounts”.But,You should hire only those third party which have done very good in past and can generate a good return. You should not risk your money with newbie. Hire a established well renowned managed accounts forex firm. Hire only those,who do not ask for their fees in advance. You pay only when you get results.
One final suggestion for you “Invest only that much money into forex that you can afford to loose“.