I am sure you all know what a PAMM account is. Let me explain you then the difference between TradingFloorFx and a PAMM account (beside the fact that TradingFloorFx is not a broker to provide such accounts).
Let’s assume there are 10 traders and each one of them have 100$ capital. On a PAMM account these traders are attaching their money to a specific money manager. The money manager will have a 1000$ trading account and he will be the only one to trade the money.
In the TradingFloorFx system, these 10 traders merge their money into one single account, with a bigger value, but THEY also ARE THE ONE who trades the money, following some rules. The FUND’s MANAGER role is only as a supervisor. His job is to control that the rules are respected by every trader as also he has an administration role. However, he has not the full responsibility for the profits or losses as in case of a PAMM account. What are the benefits of this system?
The traders are not quitting at the pleasure of trading by letting someone else to trade their money and in the same time, they are not “playing” with 100$ account but have the possibility to use and trade bigger accounts as in the case of the Golden Dawn Fund, as big as 10000$. And they can do it with as low as 10$ deposit.
Let’s assume there are 10 traders and each one of them have 100$ capital. On a PAMM account these traders are attaching their money to a specific money manager. The money manager will have a 1000$ trading account and he will be the only one to trade the money.
In the TradingFloorFx system, these 10 traders merge their money into one single account, with a bigger value, but THEY also ARE THE ONE who trades the money, following some rules. The FUND’s MANAGER role is only as a supervisor. His job is to control that the rules are respected by every trader as also he has an administration role. However, he has not the full responsibility for the profits or losses as in case of a PAMM account. What are the benefits of this system?
The traders are not quitting at the pleasure of trading by letting someone else to trade their money and in the same time, they are not “playing” with 100$ account but have the possibility to use and trade bigger accounts as in the case of the Golden Dawn Fund, as big as 10000$. And they can do it with as low as 10$ deposit.
Buy when everyone else is selling and sell when everyone else is buying !