In
the past you basically had two options if you wanted to make money from forex
trading. You could either develop your own trading system or you could get your
signals from elsewhere, either from a robot or an actual signal provider.
However there is now another option because you can now use automated trading
signals, and run your own forex fund.
Automated forex signals are all the rage at
the moment. You simply go to one of the websites that has lots of signal
providers, choose the ones that appear to the most profitable, and let them
trade the markets for you. All of their signals will be replicated in your own
trading account. So if they are profitable, then you will also be profitable as
well.
You may think that this sounds too good to
be true, but it is a really good way of trading the markets because you can
take a hands-off approach and let other people do all the hard work. Your only job
is to pick the signal providers, drop those that under-perform, and replace
them with ones that are more profitable.
In effect you are in control of your own
forex fund and the great thing is that you can do all this from the comfort of
your own home. You don't need any licenses or professional qualifications. You
just sign up to one of these websites and spend some time finding some
profitable signal providers. All you need is some starting capital of your own
and access to a computer that has internet access.
An additional bonus of signing up to one of
these websites that offers automated trading signals is that they are often
completely free. The website in question will usually have a working
relationship with several brokers and will therefore earn commissions from
referrals. So as long as you sign up to one of the brokers that they work with,
you can get full access to all of their signal providers and start earning some
money if they are profitable.
Of course not everyone feels comfortable
handing over control to other traders. However unless you are one of the lucky
few who has managed to develop their own profitable trading system, it may be
an option worth considering. Considering these automated signals are completely
free, there is no reason why you cannot make some handsome returns managing
your own forex fund if you spend some time seeking out the very best signal
providers.
Source:
http://www.articledashboard.com/Article/How-To-Control-Your-Own-Managed-Forex-Account/2908203
