What to choose: trading advisor or investment in a PAMM account?
These days there are simply a huge number of options on how to make money through stock trading.
The main thing, of course, is classic trading on the currency or stock exchange, which requires not only abilities, but also certain experience.
In addition to independent trading, it is possible to use special trading advisor programs or simply invest in PAMM accounts.
Both options have equally high risk and often similar returns, making choosing between them a difficult task for a beginner.
In order to make a truly right choice, you need to weigh the pros and cons, which we will try to do, and also evaluate the level of your preparation, you will have to do this yourself.
Earning money with the help of advisors
On our website you can download advisors completely free of charge ; you can choose from more than 100 different robots.
In addition, there are other places where you can purchase similar programs for free or for money, for example, the site https://www.mql5.com/:
Here, along with free experts, you will also find those that cost up to $30,000 and give more than 1000% profit per month.
At least that's what the test results indicate. When purchasing an advisor, you will need to not only install it on your computer or virtual server - VPS , but also test the robot yourself and, if errors are detected, make fine-tuning.
After all, if you immediately put the purchased program on a real account, then no one will give you guarantees against losing your deposit. In addition, you need to constantly monitor the robot’s operation and make amendments to its operating algorithm.
Earnings on PAMM accounts
At the moment, there are many PAMM brokers where you can invest in a PAMM account or become managers yourself.
These companies provide the opportunity to choose the one you like from thousands of managers and distribute your money between several investment accounts that are in the rating:
The most popular PAMM accounts have returns of more than several thousand percent per month. True, the investor often gets only half of the profit received.
What to choose?
It all depends on how much time you want to spend managing investments.
If you choose to purchase an advisor, then expect that you will not only need to spend your time, but also learn how to work with a virtual server and configure the advisor itself.
In addition, you will have to pay for the program if you choose the paid version of the script.
As for investing in PAMM accounts, everything is a little simpler, just select the account you like and deposit money into it.
True, earnings may be slightly lower than in the version with robots, since most managers use the same advisors in their trading, but not all the profit received goes to you, but only the percentage set by the account owner.
On my own behalf, I would recommend trying both options, starting with free advisors, and if all else fails, then turn to PAMM accounts. The main thing is not to rush and take into account that not one of the options guarantees you 100% profit, no matter what the results of statistics and tests are.
You will find other information about investments in PAMM accounts at the link - http://time-forex.com/pamm