New here and have been using a demo account for about a week or so. The main thing I know so far, is that it’s going to be a long time until I understand what I’m doing.
I understand that this world is flooded with scammers as well as people who have also been very successful in this industry.
Here’s my question - I love the free signals that get posted from various sites.
Why don’t any successful traders allow copy trading for a share of revenue? Instead of a monthly payment, are there any traders out there that will take like 5-15% of profit from Copy Trading? If the trader isn’t successful for themselves no one makes any money, and if they are successful, then the trader is even more successful and the people like myself can actually earn money too.
Also - if any of you traders are open to this, please do let me know - I’d be very interested.
Hedge funds work that way.
PAMMs are inspired by hedge funds.
Paying on future performance doesn’t solve the problem of charlatans.
Charlatans impress believers with a lucky past trackrecord and often luck lasts for some months enough to collect a performance fee.
BTW the performance fee system is the best for the investor, much better than a monthly subscription.