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How to choose a good PAMM account
forex_trader_510199
Mitglied seit Apr 01, 2018
41 Posts
Jun 22, 2018 at 07:30
chillipalmer86 posted:
I'm considering investing in this MAM, wondering what other people think?:
https://www.myfxbook.com/members/Linorth/trading-linorth-big-investors-pool/2482705
I think this is a very young account!
forex_trader_510199
Mitglied seit Apr 01, 2018
41 Posts
Jun 22, 2018 at 09:50
StanfordB posted:
If you are considering MAM then I recommend that you reconsider. I have never seen one that properly manages risk and won't blowup in your face
I do not understand you
I communicate through a translator
please write simple sentences
forex_trader_510199
Mitglied seit Apr 01, 2018
41 Posts
Jun 26, 2018 at 12:32
Mackiveki posted:
He is basically saying that MAM is a bad idea. You will probably lose money
You have the right to choose to trade yourself or invest
forex_trader_538373
Mitglied seit Jul 07, 2018
68 Posts
Nov 06, 2018 at 07:41
There are very good PAMM accounts available for investors. The key is to diversify your portfolio into multiple PAMMs (at least 10 if you can) to reduce the risk. Another important point is to withdraw the profits frequently until you take back your initial investment, then you are freerolling!
I manage good PAMM accounts, you can click on my profile picture to see. If you like the results don't hesitate to join.
I manage good PAMM accounts, you can click on my profile picture to see. If you like the results don't hesitate to join.
Nov 27, 2018 at 10:57
Kalamo posted:
There are very good PAMM accounts available for investors. The key is to diversify your portfolio into multiple PAMMs (at least 10 if you can) to reduce the risk. Another important point is to withdraw the profits frequently until you take back your initial investment, then you are freerolling!
I manage good PAMM accounts, you can click on my profile picture to see. If you like the results don't hesitate to join.
Okay, I’ll but let me check first! By the way, I agree with your opinion on selecting PAMM account service.
Mitglied seit Mar 24, 2016
1 Posts
Dec 19, 2018 at 08:54
This siteis on how to analyze pamm investments. www.incomewithfx.com/learn found it really helpfull.
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
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.
Mitglied seit Mar 11, 2019
10 Posts
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
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.
Mitglied seit Jul 12, 2018
23 Posts
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.
Mitglied seit Aug 27, 2017
875 Posts
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.
keeping patience.......
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.
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?
Mitglied seit Feb 22, 2011
4573 Posts
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
2. no obscure borker
3. reasonable results
4. stability
5. age 6 months plus
Mitglied seit Mar 18, 2019
97 Posts
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
