Hello,
is it best to forex trade myself or have a forex manged account do it for me which they offer about 1.4% daily?Tough question. Its certainly easier on your mental health having a managed account… lol. But if you want hands on don’t be suprised if its harder than it looks. Especially the early months. Its a steep learning curve.
Depends on your objective I guess? Are you happy to let someone else ride the lightening and take 20% in commission for the hours and expertise or would you prefer to put the blood, sweat and tears in and have a go yourself?
Who is the trader that is offering 1.4% daily? That would be a great investment if the trader is good and consistent. Sounds like a good idea if you don’t have the time to dedicate yourself. What is important is what you want, I would prefer to trade myself and keep as much money as I can since this will be my full time career. I already have to pay taxes, I don’t want to pay a manager’s commission as well. Although, with my recent losses it may have been cheaper to pay a manager but I would not have learned many valuable lessons that make me a better trader.
I see my losses as my tuition at the Forex School of Hard Knocks:o
I’ve said it before and can’t resist saying it again… but it takes two years to train a newb to pro trader on a typical institutional floor. 
Not that there’s many these days… most CFD traders are crossing over to FX. 
However that being said… if you truely have the grit to stick it out through thick and thin (lots of thin in the early months) there’s no reason why you can’t make it. 50% studying (lots of great threads in BP), 25% applying (pref in demo) and 25% psychology and money management.
Have you considered doing both? maybe make money with a manged account until you feel you have mastered trading enough to go it on your own and make your own money. Or then again if time is a factor maybr just both. Have a managed account making money for you and trade as you can make the time to until you go full time into trading
Best
Matt
Yeah, I’m resurrecting an old thread. I would like more info about the MA for 1.4% daily.
Whoever offer 1.4% daily probably a novice trader.
Any suggestions as far as an Fx MA?
There are lot of companies who offer Forex Managed accounts and they refer charge 10% of a percentage of commissions -End of the day client gets nothing - You must choose a brokerage firm where there is a lot of support in terms of trading environment , where you get research and I would like you to suggest trade your own self - I have been trading from a long time and my brokerage firm fxdialogue offers me every resource which a trader need.
Please be careful invest in managed accounts, which are offering 1,4% daily, because no one can trade those performance for a long time. Maybe you should invest 50% of your money into a safe managed account, and trade the other 50% on your own.
The latter would create the negative cash flow, ha. I’m willing to pay someone to do the trading until I learn how.