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Posted by: Paul U on 2007-05-03, 15:10:40
At the most you would make 75% of whatever the management team claims to have made on your account. If the account made 12% in a month they would credit you with 9% and keep the remainder as their "fee ". The biggest problem is that you have entrusted someone else with the control of your money.....something that I would never recommend. You need to be extremely cautious of managed Forex accounts being advertised at returns of 20%, 30% and 50% per month. Huge returns are always associated with huge risks. I seriously doubt that most of these Forex managers care about the risks nearly as much as you do....after all it is not their money. There is no penalty on them if they lose your money. You should also be aware that there is very little oversight or government regulation on these managed accounts as well. Proceed with caution, unless the $25,000 is not very important to you. Paul |
