What is PAM and Money Manager?
Mar 26, 2015 at 08:36
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9 Replies
Členem od Mar 26, 2015
1 příspěvků
Mar 26, 2015 at 08:36
Hello, I am a newbie in Forex trading, I saw the term PAM and Money Manager mentioned frequently in other forum, could anybody please explain what are they? (in a simple way if possible).
Členem od Jun 14, 2013
130 příspěvků
Mar 26, 2015 at 09:15
Hey,
It's basically the same thing. PAM, as far as I know stand for Personal Account Manager. Someone with a PAM or Money Manager Account with a broker will offer his/her services as a trader to other people, trade for them and then take a pre-agreed upon commission from the trading profits. Such an account is normally used as a single account where multiple investors will pay their funds into. The trader then uses this single account to trade with.
I don't exactly know what the specific rules and regulations are for managing such an account, but in my personal opinion, it is extremely risky from an investor point of view. To find a professional trader, with a trustworthy track record is very hard. But in the end, its your money to invest, just be prepared for the high risk involved.
Hope this helps a little - anyone who can correct me please do so, I only know what they are - not sure how they exactly work... 😄
It's basically the same thing. PAM, as far as I know stand for Personal Account Manager. Someone with a PAM or Money Manager Account with a broker will offer his/her services as a trader to other people, trade for them and then take a pre-agreed upon commission from the trading profits. Such an account is normally used as a single account where multiple investors will pay their funds into. The trader then uses this single account to trade with.
I don't exactly know what the specific rules and regulations are for managing such an account, but in my personal opinion, it is extremely risky from an investor point of view. To find a professional trader, with a trustworthy track record is very hard. But in the end, its your money to invest, just be prepared for the high risk involved.
Hope this helps a little - anyone who can correct me please do so, I only know what they are - not sure how they exactly work... 😄
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Členem od Sep 09, 2014
65 příspěvků
Mar 31, 2015 at 02:40
If you don't know how to trade, but you want to earn on forex - you may make investments to Pamm-managers. Each manager provides his own conditions and % reward. There are a lot of good pamm-managers here.
There can't be enough money
Členem od Dec 10, 2014
107 příspěvků
Mar 31, 2015 at 13:40
Christopher Robin is right, so like Jaco Ferreira. I am a PAMM manager and there are some guys that earn with me, so I am earning from managing of their funds and they are glad that I am bringing the profit them 😄
Let's make a profit)))
Členem od Jan 22, 2015
67 příspěvků
Apr 07, 2015 at 20:06
Thanks for the info.
Členem od Feb 17, 2015
8 příspěvků
Apr 10, 2015 at 10:03
VlasovTrend posted:
Christopher Robin is right, so like Jaco Ferreira. I am a PAMM manager and there are some guys that earn with me, so I am earning from managing of their funds and they are glad that I am bringing the profit them 😄
Would you please send me a link of your PAMM account?
Trends Surfer
Členem od Dec 10, 2014
107 příspěvků
Apr 12, 2015 at 21:28
Sent)
Let's make a profit)))
Členem od Feb 17, 2015
8 příspěvků
Apr 13, 2015 at 06:59
Yes I saw it, Thanks
Trends Surfer
Členem od Jun 28, 2011
465 příspěvků
Apr 16, 2015 at 13:39
I have a similar question. Are robots not considered a PAMM because they don't take a percentage of the profits or is it a fiduciary thing?
See I think robots have some benefits that make them superior to human traders. Human traders tend to make more money than robots but no one has ever told me what happens if the human trader dies, goes on vacation or goes insane. Humans have to sleep, eat, go to movies. There can't be any consistency when factoring in human error.
So, how do you protect your portfolio when using PAMMs? Just diversify a lot? We even do that with robots that never lose so it would be a given to do that with fallible humans but is that the only protection from human failures?
I guess that is two questions. Why are robots not considered PAMMs and how do you protect yourself when using a human PAMM?
Bob
See I think robots have some benefits that make them superior to human traders. Human traders tend to make more money than robots but no one has ever told me what happens if the human trader dies, goes on vacation or goes insane. Humans have to sleep, eat, go to movies. There can't be any consistency when factoring in human error.
So, how do you protect your portfolio when using PAMMs? Just diversify a lot? We even do that with robots that never lose so it would be a given to do that with fallible humans but is that the only protection from human failures?
I guess that is two questions. Why are robots not considered PAMMs and how do you protect yourself when using a human PAMM?
Bob
where research touches lives.
Členem od Jan 22, 2015
67 příspěvků
Apr 16, 2015 at 20:11
Good question bob! I am interested in that myself.
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