Invest in the Forex marketing with full transparency 

by on March 24, 2009

Q: Is there a way that I can invest in the forex market by having someone else trade my account but still maintain full access to my money? With the whole Bernie Madoff thing and other situations that have happened in the past I really want to ensure that I am not being lied to about the performance of my account and would like to be able to see all the trades that are being placed and their results in real-time.

A: You will want to look for what is called a managed account traded via LPOA (Limited power of attorney). This configuration is where you setup an account with a third party broker. Once you setup and fund your account you then grant the LPOA to the trader or trading firm you want to trade your account. The good part here is the account ownership is in your name and you control the flow of deposits and withdrawals. All the trader does is trade the account. Read the rest of this entry »