Managed account is An investment account that is owned by an individual investor and looked after by a hired professional money manager. In contrast to Mutual funds (which are professionally managed on behalf of many mutual-fund holders), managed accounts are personalized investment portfolios tailored to the specific needs of the account holder.
A managed account is where you deposit monies with a limited power of attorney into a managed forex account and they do the forex trading. It's how you can participate in annual yields from 40% to 300% without being able to successfully trade your personal account. There are several account management companies to choose from.
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