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.
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.
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.
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.
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?
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
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
