Forex managed accounts are a kind of foreign exchange account, where a forex account manager will manage an account on behalf of investors for a fixed amount of money or profit made.
These type of accounts are ideal for people who have little time to study and observe the market trends as well as those who do not have perseverance or psychological traits needed to carry out a foreign exchange transaction.
Good fund managers primarily have a verified record of accomplishment of successful transaction on their resume. One of the major attractions for trading your money in forex managed account is that the fund manager gets paid only when they make a profit for you. This is because the major source of their revenue generally comes from a cut of the money they make for you.