Money Managers

Written by Patricia Tunstall
Bookmark and Share

Superior trading professionals should be current on the tools of analysis, and ahead of the pack on interpretation of market information. By being sharper than most, excellent money managers can take a position in the marketplace sooner and exit before a loss. To be on the cutting edge of volatile markets, traders need up-to-the-minute market information.

In order to process that information to determine moves in the marketplace, money managers must have access to state-of-the-art technology. In the case of spot forex trading, this would include Reuters' streaming, real-time prices on its electronic network. Technology plays an essential role in enabling forex traders to continuously study international and national conditions and relationships.

Ethical Forex Brokers

A broker should be registered with the Commodities Futures Trading Commission (CFTC) as a commodities trading advisor (CTA), or some such designation indicating legal status. The spot forex trading marketplace is unregulated, global, and dynamic. Even experienced investors must be cautious. The CFTC has consumer alerts warning the general public about scams and frauds in ads for forex trading.

Beyond legality, however, is the ethical relationship a broker should establish with a client. A sophisticated market trader might be able to detect shortcomings in a broker. A less-experienced investor must rely on the expertise and integrity of money managers. Fortunately, there are many resources available to help consumers find knowledgeable, principled brokers.


Bookmark and Share