Why Warren Buffett Trades Foreign Currencies

In the last 10 plus years the average 401k or IRA is either very close to break even or may even in some cases be negative in its equity growth. So how is it that some of the top Money Managers were able to still post a profitable year in 2008 and 2009 when the markets tanked?? Well guys like Warren Buffett and George Soros utilize Foreign Currency trading to diversify their portfolio and take advantage of a stronger or weaker US Dollar.

By utilizing due diligence you can find different managers authorized to trade 401k accounts and IRA's, so if you'd like the opportunity to take advantage of the potential benefits Managed Forex can provide don't hesitate to search for Managed Forex Account managers to make your portfolio work in the Forex Market.

TRANSPARENCY

With so many so called Money Managers out there and a few of them in the news for sociopathic behavior transparency is a must. You should never write a Money Manager a check, but instead they should have a relationship set up with a reputable Forex broker to set up your own Forex account either in your personal name or the name of your business. By utilizing advanced Forex software you can watch the status of your funds with complete transparency and know where your account stands at any time. These Forex Brokers are heavily regulated by the National Future's Association & the Financial Services Authority to make sure your funds are secure.

LIQUIDITY

You should pull out your funds within 24 to 48 hours with no penalty and only a small wire fee usually around $25. When was the last time your Bank's CD or local mutual fund provider offered that option?

TRACK RECORD

Every money manager should have a documented track record. It can be beneficial that the money manager diversify with multiple trading strategies and different currencies thus increasing odds for profitability while minimizing risk. Most importantly they must utilize strict money management to preserve capital and limit the potential for losses. Of course past performance is no guarantee of future results and there is risk with Forex like any other business. However, the benefits are many as stated previously. Be sure to thoroughly review the last several months of results from the money manager.

Make sure the set up is is transparent just should be able to set up an account in your own name with a 3rd party Forex broker and 24/7 can access your account through their online log in and of course for any reason take out all of your funds within 24 to 48 business hours paying only a $25 wire fee to withdraw funds.

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