Would like to go with PAmm, Suggestion please.

[Samira Bhagvat]

I dont have much Idea about Pamm account, Can you share some tips and info about pamm please?

 

[NVP]

my advice is if you cant trade yourself then why give your money to others to lose ?.........not advisable dude

take responsibility for your own trading if you wish to be in the arena

N

 

[highbury fx]

I dont have much Idea about Pamm account, Can you share some tips and info about pamm please?

A PAMM account is where you give trading control of your account to a money manager.

The money manager will execute one trade on a master account that will then split the deal across many other accounts according to the ratio that he has been set.

In theory it is a great system. One deal can be split across lots of different accounts according to each individuals risk appetite. The trouble comes when the money managers actual performance doesn't bear any resemblance to the performance that he sold you on.

Most PAMM managers will not be very good. You have to be very careful. If you are convinced this is the road to your riches and you have found a good money manager then go for it, but be sensible. only give him a tiny fraction of your bank roll, don't listen to them telling you about minimum amounts, you must only deposit what you are able to afford to lose whilst you are test driving him.

pay attention to how much spread he widens the standard spread by to get a nice rebate from the broker. also look at his profit split (shouldn't be more than 25%) and please make sure that there is no minimum redemption period and that you retain ultimate control over your account.

personally, i'd stay clear. i think most of them are terrible.

 

[Samira Bhagvat]

my advice is if you cant trade yourself then why give your money to others to lose ?.........not advisable dude

take responsibility for your own trading if you wish to be in the arena

N

I heard that we can earn good from pamm that`s why I decided to post here to get proper idea about it.

 

[Samira Bhagvat]

A PAMM account is where you give trading control of your account to a money manager.

The money manager will execute one trade on a master account that will then split the deal across many other accounts according to the ratio that he has been set.

In theory it is a great system. One deal can be split across lots of different accounts according to each individuals risk appetite. The trouble comes when the money managers actual performance doesn't bear any resemblance to the performance that he sold you on.

Most PAMM managers will not be very good. You have to be very careful. If you are convinced this is the road to your riches and you have found a good money manager then go for it, but be sensible. only give him a tiny fraction of your bank roll, don't listen to them telling you about minimum amounts, you must only deposit what you are able to afford to lose whilst you are test driving him.

pay attention to how much spread he widens the standard spread by to get a nice rebate from the broker. also look at his profit split (shouldn't be more than 25%) and please make sure that there is no minimum redemption period and that you retain ultimate control over your account.

personally, i'd stay clear. i think most of them are terrible.

Thanks for the details explanation about it. Overall what is Risk count in pamm?

 

[highbury fx]

Thanks for the details explanation about it. Overall what is Risk count in pamm?

you don't have much idea about PAMM but you think you can earn good from it. That in itself is a bit of a worry.

Are you trying to set a PAMM account up to manage other peoples money and earn rebates from a broker and a percentage of the profits you make from your clients or do you want to invest in a money manager that has a PAMM account in place already and try and make some money from his trading capabilities?

If I know what angle you're approaching this from I'll give you some more advice.