Hi, i am a profitable trader that can monthly make around 70-80% return on investment and looking to turn my skills to turn it into a business. I know that there is a thing called fund management through PAMM ACCTs.
anyone familiar with how PAMMS operate? i am looking to make it a business, where i can do following:
<> where i can trade my acct as pamm fund manager and Importantly i see my OWN BALANCE (not clients money)
<> and my trades get copied to accounts of my pamm customers (who join my pamm)
<> so on a given day i make 2% gain on my account it shud reflect 2% gain on every client (lotsize wise propotional)
<> end of day profit get distributed from my clients account to my for my performance fee of 35%
<> important thing is that i only c my own acct funds in my mt4... i dont want to see client funds when trading it throws me off on my risk calculation, so i just want to trade my account like i am already doing so, just that my trades get copied proportionally lot size based on amount my pamm clients invest.. i can attract probably 100-1000 clients.
does anyone know of any forex broker that offers this kind of PAMM service? its like trading signals-like thing but i just want broker to handle the "admin" side of daily distribution of profit.
If you know of any such brokers oor have better ideas, please let me know thanks
Regards,
GoopFX
anyone familiar with how PAMMS operate? i am looking to make it a business, where i can do following:
<> where i can trade my acct as pamm fund manager and Importantly i see my OWN BALANCE (not clients money)
<> and my trades get copied to accounts of my pamm customers (who join my pamm)
<> so on a given day i make 2% gain on my account it shud reflect 2% gain on every client (lotsize wise propotional)
<> end of day profit get distributed from my clients account to my for my performance fee of 35%
<> important thing is that i only c my own acct funds in my mt4... i dont want to see client funds when trading it throws me off on my risk calculation, so i just want to trade my account like i am already doing so, just that my trades get copied proportionally lot size based on amount my pamm clients invest.. i can attract probably 100-1000 clients.
does anyone know of any forex broker that offers this kind of PAMM service? its like trading signals-like thing but i just want broker to handle the "admin" side of daily distribution of profit.
If you know of any such brokers oor have better ideas, please let me know thanks
Regards,
GoopFX