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How to choose a good PAMM account
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Campforex

Biedrs kopš Jul 31, 2018  1 ieraksti 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

Biedrs kopš Mar 09, 2018  143 ieraksti 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

Biedrs kopš Mar 11, 2019  10 ieraksti 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

Biedrs kopš Apr 18, 2017  864 ieraksti 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

Biedrs kopš Jul 12, 2018  24 ieraksti 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

Biedrs kopš Aug 27, 2017  842 ieraksti 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

Biedrs kopš Apr 18, 2017  864 ieraksti 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

Biedrs kopš Apr 18, 2017  864 ieraksti 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?

togr

Biedrs kopš Feb 22, 2011  4786 ieraksti 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

AdamCantor

Biedrs kopš Mar 18, 2019  98 ieraksti 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

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