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How to choose a good PAMM account
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togr

Member Since Feb 22, 2011  4592 posts vontogr (togr) Dec 11 2019 at 09:25
1. fully verified broker here on MFB
2. no obscure borker
3. reasonable results
4. stability
5. age 6 months plus

I like what I trade, I trade what I like
AdamCantor

Member Since Mar 18, 2019  60 posts Adam Cantor (AdamCantor) Dec 12 2019 at 16:21
pamm accounts mostly use the martingale strategy which yes is genius but also can cause major loss too. do soem research on that first then decide if pamm is right for you

togr

Member Since Feb 22, 2011  4592 posts vontogr (togr) Dec 12 2019 at 19:10
AdamCantor posted:
pamm accounts mostly use the martingale strategy which yes is genius but also can cause major loss too. do soem research on that first then decide if pamm is right for you

Nope
Pamm does not mean martingale, where did you hear that?

I like what I trade, I trade what I like
Kalamo

Member Since Jul 07, 2018  108 posts Denis (Kalamo) Dec 19 2019 at 00:50
At Fibo Group there are some good PAMM accounts.

Look for accounts :
Over 1 year
Total profit over 50%
Maximum drawdown below 40%

Always filter your research because there are too many offers and some go crazy with the drawdown or simply have bad results.

There are winners and losers in Forex, just pick your side. I picked the winning side years ago
ceocwmfx

Member Since Dec 19, 2019  1 posts ceocwmfx Dec 19 2019 at 10:33
PAMM accounts are trendy among investors who do not have time to study the ins and outs of trading or lack the essential trading knowledge. In this condition, an investor can pick a skilled trader to manage their money for them. A trader gives investors with an offer, which standardize the business relationship between a trader and an investor and indicates a percentage charged by a trader.
________________________________

Anthony Constantinou CEO CWM FX

Shalidor

Member Since Jul 01, 2019  10 posts Shalidor Dec 22 2019 at 13:42
I think PAMM-broker should be verified and has a goode reviews. It's better to get in touch with someone, who already use such account and ask questions directly, also PAMM-broker should be stable and show a good results. So it's all about googling to find info about account.

swimmable

Member Since Dec 23, 2019  8 posts swimmable Dec 23 2019 at 16:01
Has anyone actually found a good PAMM account? I have tried a few and they have all had terrible performance

Mehastra

Member Since Sep 26, 2018  1 posts Mehastra Dec 27 2019 at 11:00 (edited Dec 27 2019 at 11:01 )
@swimmable Check Darwinex.They are even better than PAMM services,because traders accounts are supervised by company Risk Manager algos.There you can find stable traders with years of trackrecords,just make sure you avoid investing into recently migrated accounts onto Darwinex platform (anything with less than 1 year of verifiable trading AFTER migration is very risky).Also keep in mind that Hedge funds who give 20% Returns to investors are rare and be happy if you find traders who can do 30-40% per year without crazy risks-martingales,grids,averaging down...Darwinex offers also leverage 2:1 for investors,so you can pick somebody who is really stable and responsible with 20% per year and double that.
RiskManager algos prevent total blowout if you choose bad trader,but 30% DD can happen,while 10-20% DD is normal.
They have a forum there,where you should get good info about platform and individual providers and sometimes contact them directly.It takes time to get familiar with their ecosystem.I am there since the beginning of this year.Hope this helps.

Forex is a hard work.
AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Dec 30 2019 at 14:09
swimmable posted:
Has anyone actually found a good PAMM account? I have tried a few and they have all had terrible performance


Same experience from me; I think copy trading is much useful than the PAMM acoount service!

Mnegamand

Member Since Dec 20, 2019  2 posts Mnegamand Feb 02 at 16:09
Why do you even had a big need in them? Care to explain this to me or not? I am totally want to understand your idea, people are doing all that manually basically and that's it. I am trading for a very long time without that PAAM accounts already.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.