How to become a PAMM manager with the best broker
In Forex, as in other areas of business, the rule applies: “In order to make money, you need money.”
Many traders, without having substantial capital, conduct quite successful trading with a good profitability rate.
In order to increase profits, they need to increase the volume of transactions, doing this using leverage is a bad option, all that remains is to reinvest the profits, but in this case, a lot of time is required, which is always not enough.
In this case, it is best to attract money from investors, and this does not require advertising or persuading friends to lend you money for trading.
It’s enough just to become a PAMM manager. PAMM investing allows you to create your own investment fund, and you will have the opportunity to attract investors using trading statistics. Which will increase your transaction volumes tens, and possibly hundreds of times.
This is exactly the chance that simply cannot be ignored.
Become a successful PAMM manager in just a couple of steps:
• In order to become a PAMM manager, we first register on the website of a broker providing a similar service; this is best done with a well-known brokerage company, for example:
Alpari is a well-promoted company with great customer trust, an excellent chance to get a major investor. To open a PAMM manager account, $300 is enough.
Currently, there are about 4,000 accounts participating in the rating; it is clear that such a large selection attracts a lot of investors, and this, in turn, increases the chances of receiving money under management:
It is possible to open several accounts at once and trade on them using different strategies; this will allow you to take several positions in the rating and increase your chances as a manager.
InstaForex is also a fairly reputable broker, a convenient system for managing and attracting investors, starting work from $100. You can use advisors for work, a free server is provided, which makes trading with robots as comfortable as possible.
• Then we begin to open transactions, and it should be remembered that the client is attracted not only by the large amount of earnings as a percentage of the initial deposit, but also by the absence of drawdowns. Moreover, the latter is sometimes a more powerful argument.
You will be surprised, but most of the most popular accounts use automated advisors to earn money, that is, their managers do not trade independently, but only organize trading with the help of robots.
The sooner you decide to become a PAMM manager, the longer the history of your account will be, and this is one of those indicators that an investor focuses on in addition to the amount of profit received.
And using trading statistics, you can advertise yourself on investment forums or on social networks. This type of work scheme has allowed many well-known financiers to earn billions.