1) What is FOREX?
World currencies are constantly bought and sold across local and global markets either for hedging, commerce, or speculation purposes. All currencies trade in pairs, so when one is bought another is immediately sold. The price difference that comes with these transactions is where the profit and loss is made. Through a platform, such as that provided by SoundView Forex Management, the retail client now can take advantage of the same opportunities that before had been only available to banks or countries that were looking to trade tens of millions of dollars at a time.
2) Are You Buying Real Currency?
Within your Managed Account there is never any actual possession of the physical currency. The trading takes place on an OTC Spot Market platform which is very similar to that employed by the NASDAQ. It is an electronic platform where all trades are executed instantly. We do not trade in options or futures.
3) What Is A Managed Account?
A Managed Account is a pool of money where investors share the profits based on their fiscal percentage of investment. The risks are also mitigated since any unprofitable movements are diffused in the same manner as the profits, equally amongst the members based on their investment amounts. The individual accounts in the pool are not micro-managed; however, the entire pool is monitored on a minute by minute basis as investment decisions are made by the portfolio manager.
4) Is This A Suitable Investment For Me?
Any investment, whether it’s stocks, commodities or real estate is speculative in nature. We encourage you to employ a Managed Account at SoundView FX as an addition to your investment portfolio. We encourage you to read all disclosures and conduct research to determine suitability.
5) How Do I Access My Account?
We employ a transparent business model for all Managed Accounts. We employ an outside clearing agent. Through our clearing agent you have complete access to your account(s) via the Internet 24/7. Additionally, you can add funds, receive funds and close the account with a simple phone call.
6) How Do I Get Started?
Opening accounts are easy and can be done almost completely online. If you prefer applications can be done via Express Mail as well, but in this day and age of “Green” we have found that online works efficiently and smoothly.
7) Can I open an IRA?
Yes you can. An IRA has the same features and benefits as a regular managed account, and are managed by the same portfolio managers.