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How to choose a good PAMM account
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kristancarl

Member Since Mar 24, 2016  1 posts kristancarl Dec 19 2018 at 08:54
This siteis on how to analyze pamm investments. www.incomewithfx.com/learn found it really helpfull.

AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Dec 27 2018 at 07:53
axing posted:
How to choose a good PAMM account. thank you


I see, you got so many good advices. What’s your current status of trading? Did you manage actually or till now waiting for the right one?

Campforex

Member Since Jul 31, 2018  1 posts Warren (Campforex) Mar 29 2019 at 06:55
Make sure their myfxbook account is fully verified. Check if they are not using Martingale style of trading or any risky style. Also, check their draw down (shouldn't be more than 30%) and if they have been trading for at least 3 months.

Knowledge is power and information is liberating
sjkhaushu

Member Since Mar 09, 2018  140 posts sjkhaushu Mar 31 2019 at 06:24
Campforex posted:
Make sure their myfxbook account is fully verified. Check if they are not using Martingale style of trading or any risky style. Also, check their draw down (shouldn't be more than 30%) and if they have been trading for at least 3 months.


Those are very basic requrements. What about broker regulation? 30% max DD also doesnt tell you a lot. How much are you trying to earn while allowing that kind of DD? How efficient is the system? And 3 months is also not really enough time to evaluate the system. I would say 6-9 months at least.

FaridAnwer

Member Since Mar 11, 2019  10 posts FaridAnwer Mar 31 2019 at 07:17
I followed a pamm account once because it had great results but 1 month after I joined, I realised that they used a martingale system. There was an over night price reversal and I woke up to find 25+ losing positions on my account. I got there just in time to see see margin call from my broker and all my position were closed. In short - NEVER use martingale

AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Mar 31 2019 at 08:32
Campforex posted:
Make sure their myfxbook account is fully verified. Check if they are not using Martingale style of trading or any risky style. Also, check their draw down (shouldn't be more than 30%) and if they have been trading for at least 3 months.


I don’t think only 3 months is enough; I don’t count any account unless having more than 1 year trading record.

FMovingAverage

Member Since Jul 12, 2018  24 posts Fxekspert eu (FMovingAverage) Apr 01 2019 at 06:36
AniLorak posted:
Campforex posted:
Make sure their myfxbook account is fully verified. Check if they are not using Martingale style of trading or any risky style. Also, check their draw down (shouldn't be more than 30%) and if they have been trading for at least 3 months.


I don’t think only 3 months is enough; I don’t count any account unless having more than 1 year trading record.


Yes, 3 months is certainly not enough. I would say a minimum 6 months of trading history.

Adribaasmet

Member Since Aug 27, 2017  765 posts Adribaasmet Apr 29 2019 at 06:09
nasrul_poyo posted:
1st, no martingale. Then, see the drawdown with trade age more than 6 months at least.


The main advantage of martingale trading system is; when it starts to make loss; then consistently SL in a long row; so better to avoid.

AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Apr 30 2019 at 10:50
Adribaasmet posted:
nasrul_poyo posted:
1st, no martingale. Then, see the drawdown with trade age more than 6 months at least.


The main advantage of martingale trading system is; when it starts to make loss; then consistently SL in a long row; so better to avoid.


Maybe, it’s the disadvantage; not the advantage! I got your point since; I worked with such a long time on Martingale trading system.

AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Oct 27 2019 at 15:14
jagzuk posted:
I explain in this article how I went about choosing the PAMM accounts for a new 'high stability' portfolio.
It might not be the best selection of accounts, but I explain how I went about it, such as what filters I used to screen out unsuitable accounts.

https://www.jagzfx.com/pamm-accounts-how-i-choose-investments/

I hope it's useful.
Jagz


Buddy; I can’t check your link; it’s not working for me! Can you check please?

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