How to choose an asset manager

Choosing the right asset manager is a key step because he conducts all financial transactions. Without his experience and skill, the investor will not be able to achieve positive results and gain profit from trading.

Many forex brokers provide the opportunity to conduct passive trading with the help of a trustee. They provide all the conditions, publishing maximum information so that you can choose the best and most experienced professional, whose strategy best suits your needs.

On average, the percentage of profitable trades of traders you can choose to follow is around 70%. However, you should also consider other factors: profitability, experience in the financial market, how long he or she has been trading, and the total profit for the whole period.

Also, note that the higher the profitability of the target trader's trades, the higher the risks. There are traders, whose profitability is 30 000% and higher, but the risks of such trading are the highest. You have to choose for yourself the optimal ratio of returns to the risks, but remember to take the decision responsibly.

The main factors you should pay attention to when choosing a trader for copying are:

• profitability;
• trading duration;
• number of traders or investors copying his transactions;
• сommission of a trader;
• risks and drawdown rates.

When choosing to invest by opening a PAMM account, you should also pay special attention to the criteria for the choice of manager. Here such moments are important:

• PAMM account rating - many investors recommend choosing accounts with a profitability of about 40%;
• the experience of the manager;
• capitalization - the higher own capital of the manager in the PAMM account, the more is interest to conduct reliable and profitable trading;
• the level of account drawdown.
  
  

Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.