TOOLS
Copy Trading And PAMM
New trader? No experience? No problem! Follow one of our most successful and profitable clients.
Goldstone is making the financial market more accessible to almost anyone around the world by offering its clients two of the most frequently chosen paths for investors to follow within the forex industry, these are PAMM (Percentage Allocation Money Management) account and Copy Trading through our copy trading platform.
PAMM
What is PAMM
The Goldstone PAMM Service enables copying trades from Master account to one or more Follower accounts and automatizes profit and loss distribution. Master operates a personal capital through a PAMM Account, and his or her trading strategy is replicated on the Followers’ capital. This type of trading ultimately means that the role of the Follower is reduced to just providing the capital for trading on the account. The actual execution of trades is down to the Master who often trades according to their own discretion within a set of broader parameters outlined by the Follower.
When using a PAMM account to trade forex, the knowledge requirement of the Follower is lowered significantly, if not eliminated entirely. This is the case since they are just providing the capital and not actively trading themselves. A PAMM account is a type of trading account in which there are typically three parties:
A broker
The investor or also known as “Follower”
A fund manager also known as “Master”
PAMM
Advantages of PAMM Trading
No forex training or knowledge is needed to trade.
This can save a lot of time and effort depending upon your objectives and situation.
Simple and hassle-free
Opening a PAMM account can be a simple and hassle-free way to engage in forex trading.
Time-Efficient PAMM Accounts
PAMM accounts are often the most time efficient. This is especially true if you are already in a busy position or environment.
24/5 Support
You are engaging the skills of an expert trader (Master) who likely has a wealth of experience to back their ability. Hypothetically, this should increase the likelihood of success.
Deposit / Withdrawal System
When compared with trading for the first time, the potential for capital loss can be reduced. This is particularly true if you do not want or have the time to perform the required study before engaging in trades as a novice.
No forex training or knowledge is needed to trade.
This can save a lot of time and effort depending upon your objectives and situation.
PAMM
How to become a Follower account holder?
Open an Account
Deposit Funds to your Account in My Goldstone
Choose a Master in PAMM Account Rating list and subscribe to automatic copying of Master’ strategy
Withdraw your gained profit
Copytrading
What is Copy Trading?
As the name suggests, copy trading in the most literal sense is directly replicating the trades of successful traders in the market.
Copy trading is a popular form of trading, especially with investors who have many other commitments or are still establishing their own foundations within the forex trading market. Copy Trading allows you to copy a trader’s entire strategy or that of a group of traders. By copying another trader, you can easily make money based on their skills. This type of trading is becoming increasingly more popular since it allows new traders to enter the market. Copy Trading is also ideal for people who do not have the time to learn to trade or who don’t feel comfortable trading. The system is designed to manage the financial risks by setting the copy ratio according to your free margin.
Copy trading
Advantages of PAMM Trading
Track and Implement
You will have the ability to follow and implement the trades of expert forex traders who possess a proven track record of success.
Easy Copy Trading
With copy trading, the trading platform will automatically implement your choices, therefore, the workload is very light.
No Knowledge Needed
No precise market or forex trading knowledge is required since all of the key decisions are operated through the trading platform and replicated from the signal provider.
Ultimate Control
You will retain ultimate control over your capital investment and can change the parameters at any time.