Any Tips on Choosing A Good PAMM Account To Invest?

[aokisyoukos]

Hi, I’m new here and very glad to meet you.
I’m learning trading and want to invest some money in forex market.
Since I don’t know too much about it (and have lost 60% :=(, I think it’s better to look for managed accounts.
Does anyone here know good PAMM to recommend?
Hope to share ideas together.
Thank you.

 

[Enivid]

Why not use the PAMM rating service? It seems like almost every broker that offers PAMM accounts also shows some kind of performance charts for top accounts.

The problem with PAMM is that today they are earning steadily - tomorrow they lost everything.

 

[aokisyoukos]

Why not use the PAMM rating service? It seems like almost every broker that offers PAMM accounts also shows some kind of performance charts for top accounts.

The problem with PAMM is that today they are earning steadily - tomorrow they lost everything.

Good idea!!
Could you please tell me where shows PAMM rating? You mean in this forum?
Yeah, many people lost everything no matter how much they've gained.
Thank you.

 

[CapitalVia]

I have better about PAMM a/c ...

 

[Enivid]

Good idea!!
Could you please tell me where shows PAMM rating? You mean in this forum?
Yeah, many people lost everything no matter how much they've gained.
Thank you.

Our forum has no such rating. I was talking about brokers and their website. If a broker supports PAMM accounts, it probably also features a rating table of such accounts.

 

[Rambo35]

I would be very careful and do not only judge based on past account performance. Contact the manager and ask them about their trading style, risk management and see how they protect their bottom line. Stay away from managers who set a SL of 100 pips and a TP of 10 pips. Makes no sense. Plenty of PAMM account managers like to boost their winning percentage like that. Due a lot of research and stay away from extremely high management fees.

 

[aokisyoukos]

Our forum has no such rating. I was talking about brokers and their website. If a broker supports PAMM accounts, it probably also features a rating table of such accounts.

OK, got it. thanks))

 

[aokisyoukos]

I would be very careful and do not only judge based on past account performance. Contact the manager and ask them about their trading style, risk management and see how they protect their bottom line. Stay away from managers who set a SL of 100 pips and a TP of 10 pips. Makes no sense. Plenty of PAMM account managers like to boost their winning percentage like that. Due a lot of research and stay away from extremely high management fees.

thank you. it helps me a lot.
100 is too risky and nearly impossible, i see.
If you know good one pls share with me))

 

[Rambo35]

thank you. it helps me a lot.
100 is too risky and nearly impossible, i see.
If you know good one pls share with me))

You are welcome I do my own trading and have never invested my money in a PAMM account so I do not have any good one to share with you.

 

[sourcecodefx]

Before investing in a PAMM account, you have to make adequate research to find out the trading results of the trader over a long period of time because that will be a guarantee for you to know if the trader is doing well. Never invest with very high profitability account as a PAMM account. those account cannot last for long. See the low profitability but having continuous profit from trading. I think this would be the best. Good luck.

 

[Rambo35]

I agree that you should seek out consistent results rather than high returns. In the end consistent results will allow your portfolio to grow over time.

 

[aokisyoukos]

I have better about PAMM a/c ...

You mean you know good one?

 

[wanlyngroup]

Hi, if you looking for good pamm, I currently using one fund manager which perform quite well for the last one year which generate steady income almost 4-7% permonth. If u want the track the online result, they willing to allow you to access their account and see the result yourself before you invest. Pls contact me I will give you the account number and password for you to access their master account.

 

[garena]

I never went out from the top PAMM board of a PAMM service (10/20 PAMM account). I think it's better to choose a broker in the top.

 

[Bilal Jafar]

Don't go for the traders with top capital because that has nothing to do with the performance.. look for the "Steady" Profit makers. Some will give you high profits in less time but that has a higher risk level.

 

[limalima]

I think one very important thing to also look out for is trading history: Check the results of live trades, if the PAMM broker does not offer adequate information then ask fund manager to show results. Do not look at big numbers and big profits, what you need to check is the drawdown, this will give you a clue about the level of risk involved.

Secondly look at the consistency, a fund manager with consistent positive results is better as compared to one whose history shows big profits but he/she lacks in consistency.

 

[shahid8620]

judge based on past
account performance. Contact the manager and ask them
about their trading style, risk management and see how they
protect their bottom line. Stay away from managers who set a
SL of 100 pips and a TP of 10 pips. Makes no sense. Plenty of
PAMM account managers like to boost their winning
percentage like that. Due a lot of research and stay away from
extremely