A trading account which a company or a trader handle on behalf of the account holder. A Managed Account is also known as Discretionary Account or Controlled Account.
Did you know?
Currency trading and exchange are no new practices. In fact, money-changing people can be traced back to the Biblical times. Using city-stalls, they would help others change money and take a commission or charge a fee for their services.
Word of the day
"Monetary Policy" - The strategy employed by each central bank in order to control the amount of money in the economy, as well as its overall value.
pip value in quote currency = pip in decimal places X trade size