If you want to invest in trading foreign currency exchange markets without any hussle, Forex PAMM accounts would be a good choice for you. It is the best method for individuals to pick and choose their money managers for forex trading without spending their precious hours.
What does a Pamm Account mean?
Pamm stands for Percentage allocation management module. It is also known as percentage allocation money Management; a form of pooled money forex trading. The individual who wants to invest in trading foreign currency exchange markets known as investor gets to allocate their money in the desired proportion to the qualified trader(s) or money manager(s) of their choice to manage multiple forex trading accounts using their own capital and such pooled moneys, to generate profits. The investors benefit from profits with minimal involvement by using these accounts.
Participants in the PAMM Account setup:
- Forex broker/ forex brokerage firm