The beginner is here

[peter wilkes]

Hi all absolute beginner here , thankfully I found this great site, even the glossary section is great now I sort of know what everyone is talking about,Im wanting to trade forex, and was already to send my hard earned cash to GFT but now not so sure ,after checking the reviews ,will look at MB trading first. Can some one tell me the difference between a broker and a managed fund please,
Best regards Peter

 

[Pharaoh]

In a managed fund, someone else does all the trading (for a fee).

A broker is a place where you open an account. You can trade it or you can have account manager trade it (for a fee).