There's money to be made in the forex market, but you can't go into it unprepared
. It is highly speculative and to ensure a high degree of success you'll need to know thoroughly the intricacies of the market and this takes a bit of study. You'll have fewer hassles and have better chances of earning if you let others more experienced and have the expertise to manage your forex trades. A broker Forex managed account will let you relax while providing you excellent chances of getting your money back with considerable dividends.
First thing you have to know about forex managed accounts is that there are two types and you have to be careful in making your choice. Each has its own method and services are not quite the same. A forex managed account that allows you to retain control over your funds is referred to as the standard account. In this account you can check from time to time what's going on with your investment and since the account is in your name you can always withdraw the money whenever you like unless you have a contract holding you to a specific period of time. The trader which your broker has assigned to manage your fund is simply there to make the trade. He puts his forex trading knowledge and expertise to work for a chance to earn commissions from your investment. The problem with this type of account is that you'll need fairly good sum for your initial investment. You broker will probably object to a level of investment which have no hope of at least letting him earn decent money.
The standard account is your best bet if you have some money to play with. If you have no such money you will have to be content with the pooled account which allows you to invest minimal amounts. This account trades a pooled investment from several investors. You earn money through payments made to you from earnings of the account. You cannot just withdraw your money from a pooled account. You have to ask permission from the broker and you no ready access to your account. The downside of this account is it susceptible to fraud. Before you enter into such an arrangement with a particular broker do some background checking. See if it is registered with the government agency that regulates financial institutions or a member of associations of financial managers. It would be to your advantage also if the company offers some kind of protection to investors should the pooled account fail.