The global provider of brokerage solutions TradeToolsFX launches an addition to its product portfolio for MetaTrader 5, a module for managing interest distribution. Since 2008, the company has developed a wide range of products for MetaTrader 4. Now, when the market switches to the fifth generation of the platform, TradeToolsFX company produces solutions already for MetaTrader 5 brokers.
The PAMM module for MetaTrader 5 was developed taking into account the requirements of the end user. It includes a convenient portal for investors and managers, as well as an administrative web interface for a comfortable work setup. Trade restrictions for asset managers are absent.
PAMM is a percentage distribution module. A PAMM account is a trading account consisting of an unlimited number of investor accounts representing an independent and unified trading structure that is controlled only by the manager (trader or company) of the PAMM account. The PAMM allows the trader to distribute transactions between an unlimited number of accounts through one MT4 / MT5 trading platform.
PAMM service from TradeToolsFX is an investment product provided to brokerage clients and allows to manage investors' capital by copying transactions of the managing trader on other accounts. Each account of the subscriber has its own share in the PAMM, depending on its size. The results of trading activity (deals, trade results) are distributed among subscribers' accounts, in accordance with their shares.
PAMM solutions from TradeToolsFX guarantees accurate and instant copying of transactions without limitations of subscriber's capital.
A competent combination of efforts of several businessmen on the way to a common goal can significantly increase their profits. Forex is not an exception. To make the best use of your resources, it is sometimes enough to open a PAMM-account and attract investors. However, it should be remembered that in this case common profits will be not only profits, but also losses. Joint investing on the Forex exchange has its risks and advantages, which you should know about before choosing a PAMM.
What is PAMM
The PAMM-account is a kind of managed account on the Forex. The essence of his work is that he is replenished by several investors. After the conclusion of transactions by a trader, the profit or loss from them is divided proportionally to the size of the deposits. The abbreviation "PAMM" stands for the term Percent Allocation Management Module.
A PAMM account is a trading account consisting of one or more Managed accounts, which in their totality represent a single trading structure, the trading within which the PAMM Account Manager conducts. If there are several Managed accounts in the same PAMM-account, then the trading platform considers them as a single whole.
How does the PAMM-account function? Everything is extremely simple: both the profit and losses accumulated on the PAMM-account are divided proportionally between the Investors' accounts.
Open a PAMM-account is very profitable for Investors, as the latter have a real opportunity to make a profit without making any trading operations on their account and not delving into the subtleties of the science of investing. The PAMM-account is favorable and the Manager receiving remuneration for performing operations on managing the Investor's accounts. To select the best option for the PAMM-account, the investor should first familiarize himself with their rating and assess the effectiveness of the trading of Managers.
The PAMM-account, as a financial instrument for investing in the FOREX market, is a relatively young phenomenon that appeared around 2006. At first, the phenomenon was perceived skeptically, however, like everything new that appears on the market.
Beginners of the Forex market treated this investment tool with great suspicion. But for 5 years the situation has changed dramatically, and the PAMM-accounts have become one of the most popular services among the beginners and also the average level of Forex traders because of the convenience of investing and the possibility of optimal diversification of risks.
The annual increase in the opening of PAMM-accounts in Russia per month is 10 times, that is, if, for example, in January 2015, 100 PAMM accounts were opened on one PAMM-site, in January 2016 - 1000, and in the same month 2017 - 10 000 accounts.
Similar statistics on the growth of the popularity of this financial investment tool indicate a rapid increase in the credibility of PAMM-accounts. After all, if they were excessively risky, inconvenient to use and not profitable, then to the present day they would disappear by themselves, without outside interference.
Initially, the PAMM-account, as a service for investing money, was offered by a limited number of forex brokers, but as the demand for this tool increases, by today, the number of Internet sites to enter the Forex market offering such an investment service has grown to several dozen. In addition, not all brokers use the name "PAMM-account", bringing to the market similar services under its own name.
Despite the fact that the crypto-currencies entered our life quite recently, the first thoughts about the creation of independent electronic money appeared in the early 80-ies of the last century. Briefly enumerate the main milestones that preceded the emergence of modern cryptogen and the technology of blockade.
1. In 1983, David Chaum and Stefan Brands for the first time describe the revolutionary for those times concept of electronic money. 2. In 1992 cryptographers Timothy May, Whitfield Diffie and Philip Zimmermann openly voiced the idea of creating an anonymous electronic currency capable of "striking at corporations and removing the state from financial operations." The idea is greeted with warm support from civpopankov.
Cryptocurrency exchange engine is a digital market where traders can buy and sell bitcoins and altcoyines at market established exchange rates.
Cryptoexchange is an online platform that acts as an intermediary between buyers and sellers of cryptocurrency.
For each currency represented on the exchange, a unique ticker is used: for bitcoins - BTC or XBT, for Etherium - ETH, etc.
Bitcoin exchanges help buyers with sellers. As on the traditional exchange, traders can choose: to buy and sell coins, placing a market (market) or limit order (limit order).
When a market order is selected, the trader allows exchanging his coins for others at the best available price on the online market. This is an immediate transaction at the best price.
When a sell order is placed, the trader directs the coin exchange at a price lower than the current demand or above the current rate, depending on whether he buys or sells. This is an application with a price limit.
Which word first comes to mind when we hear the term "cryptocurrency"? Most of us remember bitcoin, the pioneer of the new market, who for several years reigned the ball. Over the years, the picture has changed, and by now the pioneer has lost his monopoly. The success of BTC and the promise of blockade technology have inspired enterprising people around the world - and here is the result: to the question of whether there is an alternative to bitcoin, you can confidently answer "yes." Moreover, there are many alternatives, and many of them deserve the attention of investors.