Michael_Harding

Signals, Copy Trade or Managed Forex?

FX:EURUSD   Euro / U.S. Dollar
So I've been getting some questions from my followers about when would I recommend either of the 3 over the other? Here I'll explain.

== TELEGRAM SIGNALS ==
So this option is great for learning or micro managing small accounts. Ideal option for hobbyist, students, or part-time traders.

== COPY TRADING ==
This option is great for small accounts as well since many copy trading programs offer a flat fee monthly subscription fee. But you're account shouldn't be so small that it doesn't make sense for the program. For example, if you start with 1000 and the returns are 10% monthly but you have to pay a $50 monthly subscription fee, well you'll only profit $50 after expenses for that program.

== MANAGED FOREX ACCOUNTS ==
This option is best for serious sophisticated investors that understand the potential in Forex trading, as well understand the risks associated with it, and want to reduce risk by allocating small portions to various well designed and proven trading systems or strategies. Now of course you can easily purchase some off-the-shelf EAs but the issue with that is you don't fully understand the strategy or the risks with retail EAs. It's much better to find an expert trader that builds his own EAs and knows how to make adjustments the script throughout the various life-cycles of the market. With most Managed Forex Account programs, the trader's charge a performance fee rather than a flat monthly subscription fee. This means the trader that sells copy trading gets paid regardless if the subscribers make money or not, whereas traders offering MFAs only get paid when investors generate ROI.

🛡️ Managed Accounts + Challenge Passing Services
➡️ manage.forex

1️⃣ MT4 Trading EA
➡️ tinyurl.com/2rz783d4

‍🎓 Mentorship Program
➡️ tinyurl.com/8wfnuucy

📈 Live Performance
➡️ tinyurl.com/y67rnwrd
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