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Solved Understanding Forex Trading Common Terms

Anurag0001

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Nov 13, 2024
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Just like any other trading, forex trading is also quite popular among investors & traders worldwide. It has its own pros and cons. However, new traders are not familiar with most of the forex trading terms that are mentioned below:

What is Copy Trading?
Copy trading is a technique where a trader simply allows a fund manager to take control of their account to a fund manager who's experienced & expert in forex trading. Users don't need to have experience and knowledge of forex trading as they just need to invest funds.

What is PAMM Account in Forex?
Pamm account is a unified account that allow fund managers to manage accounts of various investors into one. PAMM or Percentage Allocation Management Module account basiacally keeps an account of percentage of investment of all traders & helps in keeping the record of profit sharing as well.