So why should the minimum investment
be low I hear you ask? I believe that in general people are skeptical
when it comes to investing and for good reason. The financial world has
gone through an unprecedented wave of corruption in recent years.
The most famous
one being Bernard Maddoff who created a Ponzi scheme so large that it
makes the eyes water. He created such an illusion around his fund and
made it seem impossible to invest unless you were in his inner circle.
This mystique surrounding his fund created huge demand from some of the
biggest celebrities from around the world who begged him literally to
let them in to his fund so they could invest.
Sadly everyone lost their money including some very large charities.
Forex
is also full of manipulating and greedy dealing desk brokerages trying
to deliberately stop you out if price nears your stop or expand the
spread on your exit so you can't reach your pre-set target! Dealing
desks are notorious for this.
So my point is that if you have a
genuine offering you should let people test you out first so they can
build their confidence in your service and by having a very low minimum
they can do this safely.
I don't understand anyone that has their
minimum entry set at 100k+ as this means that you will put people off
using your services, as they can't test you out and build confidence
without a high risk. No one wants to lose money but most people would
survive a 5k loss and not many would be able to sustain a 100k loss×¥
he key to look
for when choosing a managed account is transparency. I believe you
should not hand over your money to anyone because in reality you have no
way of tracking the true results as in the Madoff Ponzi scheme.
The better option is to have a managed forex account. This means that the money actually stays in your own trading account but you allow a professional to trade it via a limited power of attorney.
You split the profits with a professional and this gives the
professional incentive to make you as much money as their skill set
allows. If you test it out with a low minimum investment first then you can be sure that the professional trader is making you money before you increase the size of your investment. This way you will not lose your shirt!
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