How to make money on a PAMM account (specific example).
Independent trading on Forex requires a lot of time to study and even more to master practical
trading skills, for this reason PAMM investments have been so popular lately, although for a successful investment you need to take into account a lot of aspects.
How to choose a profitable account?
When choosing a manager, you should take into account several components, not least of which is the broker with whom the account is opened.
For greater clarity, I myself decided to invest a small amount in one of the accounts, so we will continue to build on a specific example.
• PAMM broker - it should be a truly reliable company that will not disappear a month after investing funds.
Not the least important role is played by the methods of transferring money to the account and back, as well as the time of their withdrawal.
For several years now I have been cooperating with the Alpari company, which is known to almost everyone who is at least somehow connected with stock trading. I know the broker quite well, so it didn’t take me long to choose, especially since the company fully meets the requirements and will allow you to make money on a PAMM account.
To begin, go to the Alpari website and select the “Investments” section in the menu
• Selecting an investment object - on the broker’s website there is a large selection of ready-made PAMM portfolios, for those who do not want to strain and create their own investment portfolio on their own:
If you still want to do everything yourself, then when choosing a manager you should pay attention to the following parameters:
Trading period - the longer the better.
Account balance - the amount of money always testifies in favor of the manager.
Maximum drawdown - that is, what is the maximum loss allowed by the manager; less than 10% is already a good indicator for Forex.
Stop loss level - limiting losses from one transaction, preferably no more than 10% -15%
Profitability - of course, the maximum is better, but do not forget to take into account the above parameters, it can range from 5 to 100% per month.
Manager's remuneration - the lower this percentage the better, the more you get, the average value is 50%
For those who want to choose a manager on their own, a link to the PAMM Account Rating :
At the same time, you should not stop at one manager; if you have an amount of more than $100, distribute it among several managers rather than invest in one. Moreover, one of the advantages of the Alpari broker is a huge selection of managers, there are more than 4,000 of them.
In addition, not so long ago such an interesting tool as “investor rating” appeared, that is, you see which investor was more successful and you can copy his strategy.
If you have any difficulties or questions about the investment process, you can always ask them at: This email address is being protected from spambots. You must have JavaScript enabled to view it.