what really is this PAMM all about and how can it help in the money management principle?
what really is this PAMM all about and how can it help in the money management principle?
679 (10-05-2013)
thank you for the explanation and looking for more explanations about PAAm as i'm a new starter and have a good day all of you
is it more safer for small traders to join a pamm account or it's not a must thank you for your attention and good luck
Percentage Allocation Management Module : Explaining What a PAMM Account is All About. A PAMM distributed the profits and losses across incurred by the main trading account to all the managed forex accounts.
I am very Interest about PAMM account ,many website I visit ,but I am not clear What is PAMM account ?How it work?
It is like mt4 acount ?Many question are available in my mind ,any one tell me it is risk free trading ?I am not expert
in Forex trading ,If I open PAMM account it will be risky for me?
Dear yaya,
PAMM stands for Percentage Allocation Management Module. It is a technical solution that helps to automatize profit/loss distribution, eliminate human error and allows Money Managers to manage multiple Investors accounts via one centralized MT4 interface.
FXOpen has seen the need for a new investing tool that can make cooperation between Money Managers and Investors more effective, honest, flexible and transparent.
So we have put our best efforts to develop an innovative, full-featured PAMM service!
With FXOpen PAMM service the manager can organize all of his clients together in one MT4 terminal.
An unlimited number of Investors can join under one Manager account.
The PAMM-service keeps each Investor’s account record individually and the gains and losses are automatically distributed by the Company (FXOpen) between the Manager and the Investors on a percentage basis so that each party receives its percentage rate of return.
When the Investor joins under a PAMM account, regularly updated trading statements will be provided in MyFXOpen area to monitor your PAMM Manager’s trading activity.
Thanks
5 minute system trade i do not know. If know some one about 5 minute trade please share with us. *Discipline - The Next Action when have a Losing Trade. Discipline is very essential in forex market. it is good for house wife. Please share about PAMM account.
Last edited by Resolve; 01-03-2014 at 11:57 PM.
Dear 679,
FXOpen PAMM service makes investing into Forex more secure. With PAMM accounts, the Investor (and not the Manager) has the power to deposit and withdraw funds, so the scenario when a dishonest Money Manager runs away with the money or fails to pay the profit is completely impossible.
Thanks
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