Mohamed Mohamady
Private
- Messages
- 19
Hello,
I wanted to open a PAMM account & I was surprised by "PAMM Rollover". According to one broker, which I've got from them THREE different answers, one states that they close the open trades daily and re-open them again for both Master & Slave, the second answer stated that they close only Slave trades, while the final answer was that they don't close any & it's just a fake close....
I had an experience with a broker called a different broker a couple of years ago when it used to close the open trades daily & re-open them again, such behavior caused me to lose money because with every closed order, the equity decrease if the closed orders were in loss.... So I'm afraid that this is what happens with the "PAMM Rollover".
So I was asking those have experience with managing PAMM accounts, what really happens with "PAMM Rollover"..?!
Happy New Year
I wanted to open a PAMM account & I was surprised by "PAMM Rollover". According to one broker, which I've got from them THREE different answers, one states that they close the open trades daily and re-open them again for both Master & Slave, the second answer stated that they close only Slave trades, while the final answer was that they don't close any & it's just a fake close....
I had an experience with a broker called a different broker a couple of years ago when it used to close the open trades daily & re-open them again, such behavior caused me to lose money because with every closed order, the equity decrease if the closed orders were in loss.... So I'm afraid that this is what happens with the "PAMM Rollover".
So I was asking those have experience with managing PAMM accounts, what really happens with "PAMM Rollover"..?!
Happy New Year