Forex accounts that are managed by the trader are referred to as self forex accounts. On the other hand, forex accounts that is managed by third party companies or individual or by a robot is called managed forex accounts. The only difference between the two is the way it is managed although the goal of achieving profits is the same.
If you are good at forex trading or you love to spend all your time in forex trading then you will be comfortable with self forex account. It will require you to understand the market well and put into practice those strategies that will help you in earning profits.
If you do not have time to manage your forex account or you do not have the expertise to do forex trading, you can hire a forex trading expert who will perform all the trading activities for you and keep up-to-date information of the market and make smart decisions to earn profits. Managed forex accounts are being used by so many people because even though do not know much about the forex trading, they can still participate and generate money.