PAMM account or ForexCopy.
Active development of various services brokerage companies has given rise to the emergence of excellent projects that allow not only traders to make money, but also ordinary people who do not understand stock trading at all.
The first breakthrough in this area was the emergence of PAMM services, the essence of which was that you invested in a certain person, and he managed the funds and divided the profit in half.
However, such a service had one huge drawback - the manager’s greed and desire to attract the maximum possible capital.
As a result, traders did not spare the investor’s money at all and neglected the risks, which led to the fact that even accounts with millions of investments suddenly went into oblivion due to the fault of the manager.
The essence of this service is that you copy the trader’s signals, while he trades only with his own funds.
Similar services exist in companies such as - InstaForex And RoboForex working conditions are approximately the same.
Naturally, every manager treats his capital with care and will never exceed risks, since he only risks his own money.
By copying his signals, you can not only repeat the trader’s profitability, but also independently influence the trading process, which was not previously possible in the Pamm service.
There are two options for copying transactions, in the first case the metatrader terminal is used, in the second the broker’s website, most brokers work according to the second scheme.
Features of choosing a trader - signal provider are discussed in the article - http://time-forex.com/inv/monitoring-insta