FXOchartist
Verified member
PAMM is an abbreviation for Percentage Allocation Management Module, a means between investors and fund managers. PAMM system offers a solution for traders who act as managers and investors, which is a means for investors and fund managers to collaborate to gain profits.
To become a fund manager in the PAMM system, there are certain rules that traders must adhere to. There is a minimum deposit of funds in a PAMM account for traders, the amount of which depends on the broker's policy. At FXOpen, traders must have a minimum deposit of $200, higher is of course better for exploring trading strategies.
Investing in PAMM can be profitable or can be detrimental, depending on the performance of the fund manager or PAMM trader. Therefore, choosing a fund manager is crucial for investors if they want to gain profits in the PAMM system. FXOpen itself usually releases top PAMM traders on its official blog to share the PAMM accounts that are in the top rankings every month.
Investing in the PAMM system is not without risk, all profits will depend on the fund manager or account manager. If the fund manager can work well, the trading performance always makes a profit, then investors will get a portion of the profits based on the amount of their investment.
Here is several tips to choose a PAMM account to gain profits.
To become a fund manager in the PAMM system, there are certain rules that traders must adhere to. There is a minimum deposit of funds in a PAMM account for traders, the amount of which depends on the broker's policy. At FXOpen, traders must have a minimum deposit of $200, higher is of course better for exploring trading strategies.
Investing in PAMM can be profitable or can be detrimental, depending on the performance of the fund manager or PAMM trader. Therefore, choosing a fund manager is crucial for investors if they want to gain profits in the PAMM system. FXOpen itself usually releases top PAMM traders on its official blog to share the PAMM accounts that are in the top rankings every month.
Investing in the PAMM system is not without risk, all profits will depend on the fund manager or account manager. If the fund manager can work well, the trading performance always makes a profit, then investors will get a portion of the profits based on the amount of their investment.
Here is several tips to choose a PAMM account to gain profits.
- Focus on PAMM accounts that are ranked in the top ten in the monitoring system, and monitor account performance for how long the trader has been an account manager. FXOpen usually releases the top ten PAMMs on their official blog every month.
- Read all the statistics on the performance of the PAMM account, you can find some important information such as total gain, pairs traded, and so on.
- Find out whether the fund manager works manually or uses a robot. If you use a robot, you need to be careful because the robot works non-stop and market dynamics may cause the robot to fail at certain times.
- Choose a PAMM account that has more subscribers, which allows it to gain the trust of more investors.
- Always remember, today's performance does not guarantee future results, still adhere to the golden rule of investing money in high-risk business, only spend money that you can afford to lose.
