How to choose a good PAMM account

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!

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

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

He is basically saying that MAM is a bad idea. You will probably lose money

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

Mackiveki posted:
He is basically saying that MAM is a bad idea. You will probably lose money

Maybe; even PAMM is much popular than MAM! I see, so many investors are interested on PAMM.

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.

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.

This siteis on how to analyze pamm investments. www.incomewithfx.com/learn found it really helpfull.

axing posted:
How to choose a good PAMM account. thank you

I see, you got so many good advices. What’s your current status of trading? Did you manage actually or till now waiting for the right one?

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.

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.

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

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.

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.

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.

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.

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?

1. fully verified broker here on MFB
2. no obscure borker
3. reasonable results
4. stability
5. age 6 months plus