Forex Money Manager – Have You Considered This Option?

Forex Money Managers are online managed Forex accounts that offer to manage, trade the markets on behalf of clients in Forex. Forex fund managers are ready to provide their services to you. It goes without saying that this option gives investors a great number of advantages due to the fact that vast majority of managed Forex accounts make more cash when compared with ordinary retail investors.For an average retail Forex trader who is just starting out in Forex trading, it forms a rather difficult activity to master Forex trading. Most novice Forex traders fail within a couple of months. It must be pointed out that most novice Forex traders lose money not only when trading currencies but also when dealing with managed Forex accounts which fail to be reputable. The problem is that finding a really reputable and high performing money manager is rather a challenging exercise but worth the effortsBenefits of a Forex money manager
The significant benefits of choosing to invest through Forex fund managers is that investors don’t need to come to the table with huge investments in order to access this particular managed Forex accounts. The general assumption is that a vast majority of managed Forex accounts require investors to invest at least one million dollars. While this is true, but in most cases managed Forex accounts require only a $5,000 approximately to get started. One of the key benefits of managed Forex accounts is that an investor retains the full control over their investment.A Forex fund manager is one of the most sought after commodity, as more people look to the Forex markets to increase returns on their portfolios. So why hire a Forex money manager to look after your funds? in the first instance, it is the belief that they will make you money. So what would compel investors to choose a Forex money manager and how, in practice, can a Forex money manager help to assist an investor get superior returns? The fact that investors get the ability to access the complex and volatile world Forex trading with a small amount well managed in expert hangs with low deposits of $5,000 gets you in to most managed Forex accounts.Forex money managers offer retail investors a lot of possibilities to invest in the Forex market, where before they just didn’t exist. Finding a reputable and high performing foreign exchange manager can sometimes be hard, but it well worth the search.Why choose a Forex money manager
Having your investment looked after by a Forex money manager offers a variety of possibilities and advantages for the retail investor. Most Forex fund managers do make more money than an ordinary retail investor. Questions as to why so many people are now investing with a Forex money manager or why hire a Forex money manager to look after your funds are best answered below

In the first instance, it is the belief that they will make you money
On average most novice Forex traders tend to lose their investments with the first 3 months
Investors either tend to switch back to investing in stocks, or can look to find a suitable Forex money manager to manage their money in the Forex market.
Finding a decent and high performing foreign currency manager can sometimes be hard, but it well worth the search.So what is so great about these so called managed Forex accounts? Opting to make use of a managed Forex account gives investors the access to quality Forex fund managers who have the requisite experience. On the higher end of the scale, there are fund managers that require investors to put in atleast a minimum of a million dollars, but at the same time a majority of managed Forex accounts seek retail investors to access the potential gains of the currency market with as little as $5,000.So what are the advantages of investing in a managed Forex account, and how, in practice, can a Forex money manager help to assist an investor get superior returns? For starters, investors don’t need to be a millionaire to access a managed Forex account. However, with the majority of managed Forex accounts, retail investors can access the potential high returns of the currency market with as little as $5000.Forex money managers are paid a percentage of the profits they generate. For example, if you make $100 in the Forex market, the manager might keep $20 or $30 of it as a performance fee. Although the performance fees might seem a bit too high, remember that you might not have made any profit in the first place if not for trading with the help of a Forex money manager. And in the same note, if the Forex money manager does not make any money in your account, you typically do not have to pay for the service. This is basically a no win no gain kind of a business model and a choice that novice traders with disposable investments can look to in order to maximize their returns.

Strategies For Managing Change – The Project Manager

IntroductionThe title of project manager (PM) is used to mean different things in different companies. Fortunately there is a standards body called the Project Management Institute which provides excellent guidance around the role and function of a project manager.Some will disagree, but I don’t care if your project manager is PMI certified or not. You need to care about having a project manager with the skill to carry out the role as the Institute defines it. It’s your change management strategy, and it’s your reputation on the line.Finding a Project ManagerDo you need a certified Project Management Professional (PMP)? As I said above, I don’t care. There are newly certified PMP’s who have taken their tests and gotten the certification, but they may not be battle tested. There are veteran project managers who never got the fancy title, but they know how to manage projects. And there is everything in between. The track record is what you need to care about.Do you have a strong PM on your team now? Is that person well respected, perhaps a key opinion leader in your organization? Do they treat project management as a profession? Then by all means use them.If, on the other hand, project manager has been a title used by junior, untrained people who walk around with a task list and a clip board, it’s time to bring on stronger talent.Your fastest route to a proven project manager will be a contract hire, either from a reputable firm or an independent. There are many good ones out there. Get and check references, and interview at least three. Let your key opinion leaders and managers interview them as well. Look for their track record and for good chemistry.Set the Project Manager Up for SuccessSimply put, everyone needs to understand that the project manager is your alter ego. Everyone includes you.Your managers and project leaders must understand that they are accountable to the PM for providing all of their tasks, their dependencies on other tasks and other work units, their schedule commitments, and their resource requirements.They need to understand that the PM will review all of their information and look for problems. These could include missed tasks, schedule inconsistencies, resource overloads, etc. Often managers will tell the PM that they can handle some of these problems, by working people longer hours or by overlapping some tasks “by a day or two”. A good project manager is going to challenge such claims, and you’ll need to stand behind the PM.The PM is going to hold everyone accountable for milestone deliverables. In most projects, especially those that are complex, milestones are missed and contingency plans must be activated. Again, you as the leader need to support the PM as they hold people accountable.Handling ConflictsIt’s entirely possible that the PM will have conflicts with managers, team leads or others in the organization. Make it safe for people to discuss and bring up such conflicts. Just because the PM is your alter ego doesn’t make them right — any more than you are always right.Engage your key opinion leaders along with the project manager and others. Find out the facts contributing to the conflict, and make the decisions necessary to get the change management strategy back on track.Change management strategies that fail often do so because of poor project management. Don’t let that happen to you.