Course Content
Introduction to Forex Trading
0/3
What is Forex Trading?
03:22
How does Forex Trading work?
00:00
Who are the Forex Markets?
00:00
Pro’s and Con’s of Investing in Forex Trading
0/1
Pro’s and Con’s
00:00
Introduction to Forex Brokers
0/1
Forex Brokers
05:00
Forex Strategies used by Fund Managers
0/1
Types of Strategies
00:00
Understanding Fund Management Options
0/1
Fund Management Options
00:00
Due diligence before diving in
0/1
A must read
00:00
Expert Advisors (EAs/ Forex robots)
0/1
How to use an EA
00:00
It’s Graduation Day
0/2
Avoid Being Scammed!
00:00
Graduation Speech
00:00
Investor’s Course – Forex Trading Course
About Lesson

Here are the considerations when choosing a PAMM account or a copy trading account:

  1. Type of Trading Style: Understand the trading strategy employed by the fund manager or trader in both PAMM and copy trading accounts. Some trader will do manual trading while others will use EA’s. (robots)

  2. Maximum Drawdown: It’s calculated as the percentage decline from the initial capital. For example, if a trader’s capital is $10,000 and then decreases to $8,000 before starting to grow again, the drawdown would be 20% ($2,000/$10,000).

  3. Fees: Compare management fees, performance fees, penalty fees and other charges associated with both types of accounts.

  4. Trading Period: Consider the duration for a trader can remove funds without attracting a penalty fee.

  5. Trading History: Review the track record of the fund manager or trader, including past performance and consistency.

  6. Return on Investment: Analyze the historical returns generated by the account and how they fit with your financial objectives.

  7. Minimum Deposit: Determine the minimum initial investment required for each type of account.

Image showing PAMM information

These factors will help you make an informed decision based on your investment preferences and risk appetite.

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