The term PAMM basically stands for Percentage Allocation Management Module, but sometimes it is also referred as Percentage Allocation Money Management. It is a software application made for the forex brokers that allows their investors to invest money to a money manager. The money manager is a person who is responsible for managing one or more accounts provided to him with a limited power of attorney. PAMM service helps traders on open source forex trading platforms to work simultaneously with unlimited managed forex accounts. When talking in the context of UK forex trading terms, PAMM service gives benefits in two margins.
· PAMM service allows more money to be brought into the trade as compared to single investment methods.
· It distributes the risks of one trader among several other investors in a unique PAMM account.
· It helps achieve profitability in other currency trading projects.
· It helps you calculate all the profits and losses in the US dollars by converting all the currencies.
Let us study a brief history of PAMM account
The biggest fact about PAMM service is that it is more advanced adherent of Lot Allocation Management Module or LAMM. This is because the LAMM service works on the principle of equivalent profit and loss share regardless of the size of the amount deposited. Another very interesting fact about PAMM is that it was introduced in the market as an alternative to LAMM. The PAMM service has profit and loss share among the investors as per investment ratio and calculated in the ration of US dollars.
· PAMM service allows more money to be brought into the trade as compared to single investment methods.
· It distributes the risks of one trader among several other investors in a unique PAMM account.
· It helps achieve profitability in other currency trading projects.
· It helps you calculate all the profits and losses in the US dollars by converting all the currencies.
Let us study a brief history of PAMM account
The biggest fact about PAMM service is that it is more advanced adherent of Lot Allocation Management Module or LAMM. This is because the LAMM service works on the principle of equivalent profit and loss share regardless of the size of the amount deposited. Another very interesting fact about PAMM is that it was introduced in the market as an alternative to LAMM. The PAMM service has profit and loss share among the investors as per investment ratio and calculated in the ration of US dollars.