how to choose quality PAMM Manager? Thank you.
What is meant is a broker? If you mean a broker, then you can get Pamm manager services at
Instaforex.com
Hotforex.com
Fxopen.com
Alpari.com
Fxoptimax.com
But if you mean the performance of the manager's work, then you can see the manager's portfolio with the following considerations,
1.Rank : Ranking by the system.
2.Name
3.Pips : Total profit PIPS.
4.Trade : Total number of transactions ever made
5.Avg Pips : Average profit pips per transaction
6.Win % : Win ratio of each transaction.
7.Avg trade time: Average trading duration per transaction
8.Week: Total trading duration in weeks.
9.Max DD(Drawdown) %: Record of the largest decline during trading in percent of capital.
10.Max DD(Drawdown) pips:Record of the largest decline in pips.
11.Follower: Number of followers
description
* The larger the PIPS value, the better.
* The larger the Trades value, indicates an aggressive trader nature. Can be combined with Weeks to see the average number of transactions per day.
* Win %, the larger the better, but it should also be noted that this will be less accurate and relevant if the trader allows an open trade to remain open until the trade is profitable.
* The larger the Weeks, the better, you can place this factor as one of the main criteria. Because a truly reliable trader has been tested and consistently profitable for a long time. Consider choosing a trader who is more than 6 months / 24 weeks old.
* Max DD %, the smaller the better. Choose a Max DD of < 10%, and if you are using small capital, choose < 5%. As with the Weeks/trading duration factor, Max DD is also an important criterion.
* The larger the Follower, the more followers/popular.
* There is also a graph of the trader's performance. Choose a graph that has a continuously rising graph and not too many derivatives or very wavy ascents. This shows a stable and accurate trading habit.
To Dimas,
You should pay attention to performance and reputation. Consider how his trading performs (such as max DD, profit gain, win ratio, etc.). In addition, pay attention to the trader or account manager's reputation (such as how many followers he has and whether there are complaints from his followers, etc.).
Hopefully this helps.