If you are considering entrusting an account to someone else in the forex trading business, there are a few things you should consider before making your decision. First, you should make sure the person you are entrusting the account to is a legitimate, experienced trader with a proven track record. You should ask for references and contact them to verify the person?s history. Second, you should make sure the person is licensed and/or certified. Third, you should review the terms of the agreement to make sure you and the trader are on the same page. Fourth, you should discuss with the trader the overall strategy and risk management strategy to make sure you are both in agreement. Fifth, you should have a clear understanding of the fees associated with the account and the individual?s compensation for managing the account. Finally, you should monitor the account closely and communicate regularly with the trader to ensure that everything is going according to plan. By considering these factors and taking the necessary precautions, you can be sure that you are entrusting your account to a reputable and professional trader.
