|
100%
Hands-Free Managed Forex Accounts with Automated Trade
Execution: This
option is fully automated to the investor, designed to enter
and exit trades based primarily on automated trade signals
from ProSignal and one or two other signal providers in the AutoTrader platform. The strategies and money management
used are determined by ProSignal's staff of experienced
traders & system developers. A managed forex account
prevents your emotions from interfering with your trade
decisions and allows you to go about your day without ever
having to worry about analyzing the market or making a tough
trade decision. However, the biggest benefit of having a
Managed Account in the AutoTrader platform is that it provides
maximum diversification without over-leveraging your
account. There
are some good strategies from some signal providers in the
AutoTrader platform that open many positions at a time. For
example, ProSignal's EUR/JPY "MoneyMgmt" strategy opens up to
5 positions per trade with 100-pip stop-losses. If
trading on your own, this is up to a $470 risk on some
trades, while trading the smallest contract possible ($10k
lot). That is an enormous 23% risk on a $2,000 account. However, as part of a large managed account fund, your account is not subject
to the same type of risk exposure. Since the profit & loss
from each 10k lot traded on behalf of the fund is divided
fairly among all participating accounts in the fund, we are
able to diversify your account between multiple
strategies while keeping your maximum risk exposure in check. In a managed account, you
will be able to view your account in real time but you will
not be able to intervene in the trades, which prevents your
emotions from interfering with your trade decisions. Benefits
of an AutoTrader Managed Account: 1.
Maximize your diversification without over-leveraging your
account 2.
Avoid the stress of trying to decide which systems to trade 3.
Prevents fear and greed from interfering with your trades Managed
Account Fees: AutoTrader
Platform Fee: The fee for all accounts on the
AutoTrader platform is $1 per 10k lot round-turn. Incentive
Fee: 15% of new monthly profits based on a high-watermark.
If a loss exists from a previous month (or months), all losses
must be made back before additional incentive fees can be
charged. Management
Fee: None! The management fee has been waived to
compensate for the required round-turn fee. In addition, the incentive
fee was also reduced from the industry standard of 20% to 15%
for the same reason.
How
to Open a Managed Account:
To
open a Managed AutoTrader Account, please follow the steps
below for
your particular situation: For
New Accounts: 1.
Open a Live FXCM 10k Mini Account through this webpage: Open
FXCM Brokerage Account
Yes, you receive all the benefits that come with a live
account (Free forex charts, etc). 2.
Sign this Limited
Power of Attorney (LPOA)
3.
Fax the LPOA to ProSignal at: 310-868-2820
For
Existing FXCM Accounts Previously Opened through ProSignal: If
you already have an existing FXCM account that was
previously opened through
ProSignal and you would like to transfer it to the
AutoTrader Managed Account Fund, please follow these steps: 1.
Sign this Limited
Power of Attorney (LPOA)
2.
Fill out and sign this Account
Transfer Form
3.
Fax both documents to ProSignal at: 310-868-2820
For
Existing FXCM Accounts that were NOT Opened through
ProSignal: If
you have an existing FXCM account that was NOT
opened through ProSignal, you must open a new FXCM account
through ProSignal and have your
funds transferred to the new account. Opening a new account is
much easier than opening your first account. Since FXCM
already has a copy of your ID and proof of residence, you will
not be required to submit these documents again. Please
follow these steps: 1.
Open a new FXCM 10k Mini Account through this webpage: Open
FXCM Brokerage Account
Yes, you receive all the benefits that come with a live
account (Free forex charts, etc). 2.
Sign this Limited
Power of Attorney (LPOA) 3.
Fill out and sign this Account
Transfer Form 4.
Fax all 3 documents to ProSignal at: 310-868-2820
Minimum
Investment: USD$2,000
Contact support
24 hours a day with any questions that you have
|
