Forex market is the most attractive financial markets in Singapore, which in addition to a big potential of increasing your capital has a considerable risk of loosing your funds. Though Forex trading in Singapore is growing, it requires knowledge, a lot of practice and experience. But what if there is no time to acquire the knowledge and experience that are so necessary for a successful trading? What to do if you don’t have enough time to trade Forex by yourself?
If you are willing to invest in the Forex market, but don’t have ability to trade by yourself, you can use a service of account management. The service of account management is gaining its popularity among small and big Singapore investors. More and more people prefer to invest their funds into the Forex market to make their money work and bring profits. The service of account management includes trading with the funds of an investor with a purpose to make profits on a regular basis. Usually this service is provided by some capital management companies or private professional Forex traders.
After the contract between the parties is signed up, a professional Forex trader begins to trade with a trusted amount. Income made from trading is split between the Forex traders who provide the service of the account management and investors on the terms specified in the contract. But in case of a loss, it is usually borne by the investor, although there may be options for security of funds specified in the contract, in this case the percentage of profits charged by the account manager is higher.
Such service allows a Singapore investor to avoid the loss of money due to inexperience or lack of time for trading in the Forex market and at the same time let the professional Forex traders trade with the funds. One of the biggest advantages of the account management services is that it requires the minimum participation of the investor and has a potential of a stable income.
Some account manages prefer to work with a specific Singapore brokers, but sometimes you can find a company that doesn’t have any preferences for a broker or platform. In this case an investor is required to provide his account manager with a log in details to the trusted trading account together with the signed papers like a POA form that specifies that the current trading account is going to be managed by a specific person or a company while only the account owner (investor) is allowed to deposit/withdraw the funds.
Forex trading in Singapore has different forms and account management is one of the widely used one. It is a great solution for busy people who wish to have extra passive income from their available funds. Whatever deal you close with your account manager, make sure that it is comfortable for you and your funds are secure.