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A FOREX-managed account trader needs a variety of trading tools to help him run his business. The trader, also known as a money manager, buys and sells currencies for clients who have given him money to invest on their behalf. To place trades for his clients, the managed account trader may need to use a brokerage firm that has the ability to bundle all client funds together in one central account.
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Manage your self, Trade only when you are confident about it. It is better to wait for the appropriate moment to enter the market, than open the order when you do not understand the situation. It is important to enter and leave the market at the right time. If you do not feel confident, you better not take the risk. A couple of lost pips cannot be compared with the large loss, which may be caused by rash action. Just open the order later: the market is not going anywhere.