Hello all fellows traders.
Im new to trading.
I'm planning to join a PAMM, but before i do it i would like to know your opinions,
Do youhave any opnion or real experience about using PAMM?
Thanks
to be frank , many of PAMM managers change their trading style after you join , their statistics are not to be taken seriously most of the time .
Same thing for signal providers
better save up the money , educate yourself and keep practicing.
Any one producing more than 10% monthly could be taking high risk trades.
If you see something good , post it here and we critic for you.
Best of luck.
don’t waste your money, mate. In my previous experience, I have come across only 1 or 2 money managers who have been successful in the long-term. It is like seeing an unicorn – almost impossible.
to be frank , many of PAMM managers change their trading style after you join , their statistics are not to be taken seriously most of the time . Same thing for signal providers better save up the money , educate yourself and keep practicing. Any one producing more than 10% monthly could be taking high risk trades. If you see something good , post it here and we critic for you. Best of luck.
Ignored
Thanks i went with this "managers"that show me "his trades" with big profits.
i gave him over 2k to trade and his killed my account i one day.
i think that the trade history was a way to make think that he was good.
{quote} Thanks i went with this "managers"that show me "his trades" with big profits. i gave him over 2k to trade and his killed my account i one day. i think that the trade history was a way to make think that he was good. this is the guy, so stay away from him, do not be an stupid as i was to trust him my money https://www.forexfactory.com/showthread.php?t=658377 {image} {image} {image}
Ignored
Mate, no-one on this thread said it was a good idea and yet you chose to do it anyway..............why ask for advice??
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Joined Mar 2017
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Well, when I was a new trader then I used all of the automatic trading services including PAMM service! To be honest, I have very bad experience on it! Although, I had selected a good trader but don’t know why, how he cleaned up my equity within the 4 days.
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Joined Mar 2017
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Well, from my 1st day of trading my focus was on only manual trading! So, I concentrate on learning technical and fundamental analysis from my 1st day of trading! It looks my one year to gather pro trading skill on the Forex market! Now I use my live trading account manually.
Well, when I was a new trader then I used all of the automatic trading services including PAMM service! To be honest, I have very bad experience on it! Although, I had selected a good trader but don’t know why, how he cleaned up my equity within the 4 days.
Ignored
did you select that good trader at a good broker too?
what was the criteria you decided on he is a good trader?
This is a thread about good PAMM accounts not about people trading by themselves. Besides, if it was so easy and everyone is profitable, why arent we all milionares?
I think good PAMM accounts can be found but its really hard. I have made money overall in the past but its true that there are many which are not profitable even if they show good history. Many times it happens that a manager is trading well when trading his own money but starts making mistakes as soon as he starts to trade someone elses money. Its a psychological thing and thats why I only invest in automated strategies.
For me PAMM account has to have avg monthly profit vs max DD ratio at least 1:1, minimum 6 months trading history (in some cases can be lower), no scalping, automated strategy, ASIC or FCA regulated broker, transparency and experience managing large accounts.
Dear All,
Have you news about PAMM account, managed by expert professional traders, with a historical verifiable results? I'm searching traders that work with manually trading or EA without hedging, martingala or so strategies, with a small drawndown and oculate money management.
PAMM accounts, if they give good results, should also consider the performance fee at an affordable price. otherwise, the interest of the investor is not much, especially in a bad situation if it happens
