Although it is not a requirement to hire a broker to handle trader accounts  in forex trading, but it is recommended if lack of experience is one of your hang-ups.  Properly managed forex accounts are handled through a company  representing the trader. This representitive will make decisions and make recommendations concerning currency exchanges. Furthermore, this entity will make decisions based on the activity or the trends of the market of interest to the trader. A liscenced and reputable company will more than likely manage your money a lot better. These companies have a lot of helpful insider information which will probably keep the trader in the green.