Anyone making money as an investor in a PAMM account? | Page 2 | Forex Factory

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Anyone making money as an investor in a PAMM account?

  • #21
  • Mar 5, 2016 10:13pm Mar 5, 2016 10:13pm
Why would I want to make money for others when I can do it myself....no brainer right ?

GS.
  • #22
  • Mar 5, 2016 11:08pm Mar 5, 2016 11:08pm
Quoting genghistar
Why would I want to make money for others when I can do it myself....no brainer right ? GS.
Maybe because of low capital amount.
Without an edge MM is useless!
  • #23
  • Mar 5, 2016 11:13pm Mar 5, 2016 11:13pm
Quoting genghistar
Why would I want to make money for others when I can do it myself....no brainer right ? GS.
This time you git it wrong. PAMM simply means you are raising the equity , so that one can trade in more lot sizes.. thus gaining for Trader as well as investor... Unlike Signal delivery.. here Trader is also having his own investment in risk.

So to reframe your reply..
" Why can't one make money for himself as well as for others"
https://freshnews.top
  • #24
  • Mar 5, 2016 11:34pm Mar 5, 2016 11:34pm
Quoting ff34
{quote} This time you git it wrong. PAMM simply means you are raising the equity , so that one can trade in more lot sizes.. thus gaining for Trader as well as investor... Unlike Signal delivery.. here Trader is also having his own investment in risk. So to reframe your reply.. " Why can't one make money for himself as well as for others"
I dont think you are right either but I respect your view BUT I would never buy into that and I think we should stop at that.

Cheers.

GS
  • #25
  • Mar 5, 2016 11:39pm Mar 5, 2016 11:39pm
Quoting kingoman
{quote} How can you be happy with that one? Really hope that no one is taking you serious ! $2123073.58 in balance -1760775.07 in floating loss
Exactly, HF PAMM is one of the worst as it shows no equity curve. Unless you look at floating profit loss it's very misleading. The average investor will only discover this when they come to withdraw their account!
  • #26
  • Mar 6, 2016 1:43am Mar 6, 2016 1:43am
Exactly Cedsobey, but I't really ain't that hard too see if they are good or not. HotForex also got good PAMM's maybe one of the best in the world, look at BPGE, it's open for public and it's given a big return for investors. (I'm in this)
  • #27
  • Mar 6, 2016 3:02am Mar 6, 2016 3:02am
Hello. I am a trader and ivestor. With that, I trade with the fun, do not hurry, do not worry. Namely investment gives me my financial confidence. Because I every month get the profits that can be used as my trading capital. Of course, there are drawdowns, I make up for it on the fact that invest in multiple accounts.
  • #28
  • Mar 6, 2016 3:07am Mar 6, 2016 3:07am
Quoting michal9
Can you please share your experiences with using PAMM accounts as an investor? Is there anyone consistently making money this way? :-) Which broker do you use? What criteria do you use to choose the traders (managers of the PAMM account)? Any specific risks or about this concept? (beyond the obvious one of a manager losing money, but things like tax, slippage, legal). Thanks a lot.
To select a trader you should take a look at the history of his account. You need to talk to him about his strategy. Be sure to be aware of his trade. Use Invest password. A trader should be a good profitability. With that, he has to explain the expense of what he got these results.
  • #29
  • Mar 6, 2016 6:57am Mar 6, 2016 6:57am
last time I invest in pamm, I make good return by doing absolutely nothing. So lucky, I withdraw my fund when next month the pamm account blown.
Risk comes from not knowing what you're doing.
  • #30
  • Mar 6, 2016 8:27am Mar 6, 2016 8:27am
Quoting kingoman
Exactly Cedsobey, but I't really ain't that hard too see if they are good or not. HotForex also got good PAMM's maybe one of the best in the world, look at BPGE, it's open for public and it's given a big return for investors. (I'm in this)
Sure, I agree Hotforex may have a good PAMM system but in my opinion either the guys who designed it don't know much about the games traders play or it's done intentionally to deceive. Either way the broker will benefit from "good" results.
I use HF for a normal trading account and they are a good broker...

BPGE looks very good. Have a look at 5th Aug 2014. In my opinion that is a 45% DD (myfxbook doesn't reflect that because it looks at balance not equity?) They don't share any trade history so its hard to tell but it may just be a result of a withdrawal that skewed the results? .. I'm just guessing though.

but yeah for the guys looking to invest in PAMM's without much knowledge about trading here is my 2 cents worth:

Equity is far more important than balance.
Max DD vs monthly gains is a good indicator of risk vs reward
Expectancy and Profit factor must be looked at to make certain the profits are not marginal in the context of the style of trading (scalping, swing etc)
Then one needs to have an understanding of the type or trading on the account and more importantly watch out for skulduggery. There are many ways to lie with statistics. Trade without stop loss, great win rate but how would you define the risk, generally its only reflected when the account is burned. One can also add to losing positions but not close any trades off, this way when price ever comes back positions are closed and there is no record of the equity DD as no transactions took place to update the performance curve.
  • #31
  • Mar 6, 2016 3:40pm Mar 6, 2016 3:40pm
Again I agree with you. There are many things people can ''cheat'' with to get new investors drawn in. BPGE is not talking about his strategy, but he is using a kind of martinegale, not double every time, but adding same size lot to the position if goes against him. He's also hedging the currencies. How the system is choosing the trades I really don't know.

Can tell you in the time I've been involved with the system I only got 2 drawdown's with the biggest this Friday. The system got big short positions against AUD in AUDJPY, AUDUSD and AUDCAD therefor the big floating loss at the moment. My guess is that it will turnaround on Monday when I expect AUD to fall.

But I agree with you, if you can't find out the strategy and other important informations about the developer and the system it isn't worth the risk to invest.

I know a guy who is in direct contact with the BPGE developer and actually has met him last weekend in London to discuss the system and further cooperation. That is why I have made my investment in this system or else I wouldn't have done it since he isn't very open about the strategy etc.
  • #32
  • Mar 7, 2016 4:25am Mar 7, 2016 4:25am
Agree even after a deep research couldn't find PAMMs better than Hotforex' in terms of reliability and consistency of returns. Regarding 45% DD mentioned, yes I had same situation with my HF PAMM but after contacting the manager he explained it was a withdrawal. Wish Hotforex will upgrade their statistics so withdrawals are not marked as drawdown.
I've built very strong portfolio of HF PAMM in terms of risk diversification (aggressive, moderate and low risk using math risk management formulas) and for 7 months there were no drawdowns at all! Average 6% monthly.
  • #33
  • Dec 7, 2016 2:19am Dec 7, 2016 2:19am
Any more updates regarding PAMM? Searching for information because I chanced upon a broker that offers PAMM service and I had been profitable so far.. Want to diversify my funds to other PAMM as well to explore more options as well as to diversify my risk
  • #34
  • Jan 10, 2017 8:10pm Jan 10, 2017 8:10pm
Quoting ff34
{quote} This time you git it wrong. PAMM simply means you are raising the equity , so that one can trade in more lot sizes.. thus gaining for Trader as well as investor... Unlike Signal delivery.. here Trader is also having his own investment in risk. So to reframe your reply.. " Why can't one make money for himself as well as for others"
or reframe this why should I use my $ if I can use somebody else $ without risking my $
  • #35
  • Jan 10, 2017 9:28pm Jan 10, 2017 9:28pm
I'm making money as a PAMM investor..
  • #36
  • Jan 10, 2017 9:55pm Jan 10, 2017 9:55pm
Quoting dragonexpert
last time I invest in pamm, I make good return by doing absolutely nothing. So lucky, I withdraw my fund when next month the pamm account blown.
Wow...dragonexpert All Time Profit..
  • #37
  • Jan 10, 2017 10:26pm Jan 10, 2017 10:26pm
I am not affiliated with this website in any way but I am linking it to show some numbers.

http://accentforex.com/investments/pamm-rating/

All the top guys are trading their own + investors funds.

Why would a profitable trader want to make money for others as well?? Its a win win scenario --they take at least 20% out of client profits on top of their profits.
Dragon Rider
  • #39
  • Mar 5, 2017 6:25am Mar 5, 2017 6:25am
PAMM accounts should really be called by their real names:

The blind leading the blind.
Not only the main accounts make no money, but the followers lose money overall..
Can't you reason out to yourself why this is true (:
  • #40
  • Mar 5, 2017 2:21pm Mar 5, 2017 2:21pm
Quoting Melch
Hidden
To give some credit where its due and maybe give you a another viewpoint. There is a member here SalvatoreD with a live trade explorer of 1.2 million balance and he trades from that website. The balance from his account its not just deposit money, he is legit and really good.
Dragon Rider
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