Toddlers foot turned outwards???

My daughter just turned 2. She was a late walker (started at 18 months). Her left foot turns out(not alot, but enough to be noticed) and is bowed at the ankle. It looks like it can break @ anytime. It's not causing her any pain. I was concerned when she started walking and asked my dr. She said is was "ducked" and she should grow out of it. I'm concerned it's something more serious. It's been almost 7 months. She can't run that good and waddles when she runs or walks. I'm wondering if she needs a brace. Did anyone else have this problem and how did you fix it? What is this condition called? Do you know anyone that has had this problem? Any info will be greatly appreciated. Thanks