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How to choose a good PAMM account

togr (togr)
Dec 12 2019 at 19:10
4862 príspevkov
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?

Denis
Kalamo (Kalamo)
Dec 19 2019 at 00:50
108 príspevkov
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.

ceocwmfx
Dec 19 2019 at 10:33
1 príspevkov
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
Dec 22 2019 at 13:42
22 príspevkov
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
Dec 23 2019 at 16:01
11 príspevkov
Has anyone actually found a good PAMM account? I have tried a few and they have all had terrible performance

forex_trader_[562074]
Dec 27 2019 at 11:00
1 príspevkov
@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.

AniLorak
Dec 30 2019 at 14:09
920 príspevkov
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
Feb 02 2020 at 16:09
12 príspevkov
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.

jagzuk (jagzuk)
Feb 12 2020 at 12:01
9 príspevkov
Mnegamand posted:
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.


If you manage your own trades or algos, then this does not apply to you. However, if you are a signal-following then this might be useful

One of the factors in choosing between a signal and PAMM comes down to how much you are investing. For small investments (or expensive signals), the signal fees can eat up the profit of an account.

Here is a crude example:

Option 1: You invest $1000 in your own account.
You pay $30/mo for a signal.
In month 1 the account makes a 4% gain, so you are +$40 but you paid $30 for the signal, so you are left +$10.
In month 2 the account loses 1%. You are -$10 and you paid $30 for the signal, = -$40.
Over 2 months, despite the account being up 3% up, because of the signal fees you are 3% DOWN!

Option 2: Instead, you invest $1000 into a PAMM account.
There is no monthly signal fee. Instead, the manager gets a commission of 25% of the profits.
In month 1 the account makes 4%, you are up $40. the manager keeps $10 so you are up $30
In month 2 the account loses 1%, you are down $10, the manager gets nothing.
Over 2 months, you are still up $20 = 2% UP.

This is a crude example, there are further factors to consider, for example:

For PAMM you do not need to run any software, such as MT4/5, so you do not need to buy any algos, or pay for a VPS.
There is no issue with signal slippage, delayed trades, or other problems you can get with trade copying.
Many traders who provide signals also have a PAMM version of their account. It's worth asking them if you can't find it.

So, it comes down to doing the math and working out the best strategy for your own needs. I trade my own PAMM accounts and invest in the PAMM accounts of other traders. I also trade standard accounts.

Hope this helps someone.


Generate - Communicate - Elevate
jordonjamesson
Feb 13 2020 at 14:12
22 príspevkov
nasrul_poyo posted:
1st, no martingale. Then, see the drawdown with trade age more than 6 months at least.


why no martingale?

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