Forex Managed Accounts

[Flystripper]

Originally Posted by venomous viper

There have been a lot of scams. Just google forex scams and enjoy the read. I was in one out of Boca Raton. Went there, saw the operation, believed in it, got sucked in and made real good returns until the Feds arrested the operators . Lost over 200K. It was just a ponzi sceme feeding on the new blood.

When I worked for E&Y we assisted the Feds with bringing down a group of currency traders that were secretely stealing from a group of very rich arabs. The work that we did in nailing these guys probably saved their lives though since the group of arabs were none too forgiving.

As with any investment, currency positions must be considered in the context of a portfolio. Be careful with currency positions. What you think might add diversification may actually put your portfolio out of balance.