Very recently I decided to make a small experiment to find out what kind of ROI is currently offered by most traders working with Managed Forex Accounts.
I switched on my PC, opened up the browser and entered Forex Managed Accounts in the search engine. Google was great as ever and came up with hundreds of traders and accounts managers.
I browsed a few of them, around 20 or so, and here's the info I found. Many funds offer the profit of 15 to 20% monthly, yet I also came across some that offer up to 50% per month. However, what had amazed me the most was when I also noticed a few individual traders that offered up to 100% monthly profit, and even said they would guarantee the result!
Here's another interesting fact. About a week ago I was talking to professional financial investors from Germany. And from what they had said, I understood that the profit of over 30 to 35% annually is an extremely high one; and when a trader promises more than that, professional investors normally grow suspicious.
I would have wished to see their faces when one of the traders in Forex Managed Accounts would have offered them 50% or even 100% monthly :-) I guess those guys would spend a while laughing and might even think the man’s gone nuts!!!
I'm shocked to find out some people still trust their money to such traders. Since the result is predictable in advance, the investor loses the money he had trusted to them.
When thinking it over I often wonder why some people still do this. And I did find an answer - it's greed and unprofessionalism. It's only amateurs that can believe that such profits are possible on the long run (I'm not just speaking of one or two trading operations here); however, greed often prevails over the common sense.
Whether to invest or not to invest the money is a decision that everyone has to make for himself. However, the decision is to be taken basing on the realities of the market and not on the fantasies of an amateur trader.
Utusk - free lance trader and I offer the service of managed forex accounts to my clients.