Forex Trading Advisors and Managers Defined

A Forex trading adviser, or manager, is an individual or entity which, for compensation or profit, advises others as to the value of or the advisability of buying or selling currencies for accounts explicitly for profit. Providing advice includes exercising trading authority over a customer’s account via a limited, revocable power of attorney. A Forex trading advisor can be both an individual or a corporate entity. Forex managed account programs can be run by internal trading advisors, i.e., traders who work directly for the Forex managed account program, or they can be advised by outside managers. The terms “manager,” “trader,” “advisor,” or “trading advisor” are interchangeable.

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