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Forex Managed Account Report

Learn how to trade various forex accounts from a single platform without any
administrative or compliance issues.

Managing Forex Trading Accounts

Forex Basics

Organizational Structure

- CTA

- CPO/ Hedge Fund

Forex Basics

PAMM & LAMM Accounts

- LAMM

- PAMM

Forex Basics

Fee Structures

- Performance Fees

- Management Fees

- Commissions

- Combination Fee
  Structures

Forex Basics

Registration & Compliance

Forex Basics

Platform

Forex Basics

Marketing

Forex Basics

Conclusion

Platform

Choosing the correct forex platform for your managed account is actually a fairly straight forward process. You have to take two key factors into consideration:
  1. The platform works well with your trading style, strategy and system.
  2. The platform works well with your trading system and the PAMM.
Typically as a forex money manager you will be trading a specific kind of strategy, it could be a high frequency strategy, longer term strategy, or a swing trading strategy. On top of this you may be trading a manual forex strategy, a grey box strategy, or a fully automated forex trading robot. It is important to contact a well established introducing broker that will be able to spend time with you to go over your strategy and make sure that you are set up with an appropriate platform to fit to your style. For example short term traders may require one click order execution as they want to get in and out of trades very quickly. Certain technical forex traders may want the platform to have great charting capabilities or ability to trade off the chart. Other traders may use stop and limit orders and need to place them close to the market price. Various brokers do not allow stop or limit orders to be placed within a certain amount of pips from the market price, if this is critical to your strategy you need to pay attention to this feature.

Once of the most preferred forex platforms is the Metatrader 4 platform. The most popular feature of Metatrader 4 is that it has a built in programming language that easily allows the end user to develop or import custom indicators and trading systems. For example if you find a trading system that you and your investors are fond of, you can purchase it and trade it in your master account. Metatrader also has a traffic charting application build in to the platform and easy 1 click order execution available. To best fit your trading platform to your needs you can contact your forex introducing broker.

Some traders like to scale in and out of positions on their orders. When exiting a position that you scaled into certain platforms will not allow you to pick and choose which order to close out and will just close out a bulk position at an average price. Metatrader allows you to choose the orders. If scaling in and out of positions is something that you implement in your trading strategy it is important to take this platform feature into consideration in your selection process.

Another key aspect to keep in mind is whether the PAMM can work well with your trading system. In certain cases issues arise when using a PAMM with an automated trading robot. This is due to P/L allocation and distribution. This happens only at certain dealing firms and in certain cases, yet most of the time you will be able to find a trading set up that works best with your strategy. It is very important to check with both the forex dealing firm and the introducing broker in depth to make sure that the forex money manager module works with your trading approach.

Managing Forex Trading Accounts   Managing Forex Trading Accounts
Forex trading involves significant risk of loss and is not suitable for all investors. While you can earn a cash bonus,
you can also lose money due to the inherent risk of trading. Read full disclosure.

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