PAMM accounts or ForexCopy.
Active development of various services brokerage companies This has given rise to the emergence of excellent projects that allow not only traders but also ordinary people with no understanding of stock trading to earn money.
The first breakthrough in this area was the emergence of PAMM services, the essence of which boiled down to the fact that you invested in a specific person, and they managed the funds and split the profits equally.
However, this service had one huge drawback: the manager's greed and desire to attract the maximum possible capital.
As a result, traders were not at all sparing of investors' money and neglected risks, which led to even accounts with millions of investments suddenly disappearing into oblivion due to the manager's fault.
The essence of this service is that you copy a trader's signals, while the trader trades only with his own funds.
Similar services exist in companies such as - InstaForex And RoboForex The working conditions are approximately the same.
Naturally, every manager takes good care of his capital and will never exceed the risks, since he is only risking his own hard-earned money.
By copying his signals, you can not only replicate the trader's profitability, but also independently influence the trading process, something previously unavailable in the PAMM service.
There are two options for copying trades: the first uses the MetaTrader terminal, the second uses the broker's website. Most brokers use the second method.
The specifics of choosing a trader - signal provider are discussed in the article - http://time-forex.com/inv/monitoring-insta
