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PAMM (Percentage Allocation Module Management) a collective investment service in the forex market. In PAMM, traders can only trade with lot sizes according to the percentage of total equity in the master account, and profits will be shared with investors based on the percentage of their contribution in the master account. Trading with the PAMM system can be profitable, depending on the trader you choose. To find a good trader, look at the average monthly profit percentage. Also, look at the traders who generate the highest average profits in the long term. Brokers often release PAMM performance reports useful for investors to find the best managers, such as recently FXOpen released the top 10 PAMM in 2023 on their official blog. PAMM itself is a money management system carried out by PAMM traders and investors get profit sharing according to their investment portion. and investors are also charged a fee or commission to the trader. In PAMM there are three parties involved, the first is the broker as an intermediary who provides the system, the second is the trader who manages the PAMM account and the third is the investor who invests through the PAMM system.

EUR/USD AND USD/CHF REMAIN SUPPORTED ON DIPS EUR/USD is trading nicely above the 1.1280 support and it could continue to move higher. USD/CHF is currently correcting lower, but it remains supported on dips near 1.0050. Important Takeaways for EUR/USD and USD/CHF The Euro traded higher recently and tested the 1.1320 resistance area against the US Dollar. There is a major contracting triangle in place with resistance near 1.1305 on the hourly chart of EUR/USD. USD/CHF climbed higher recently above the 1.0000 and 1.0050 resistance levels. There is a crucial bullish trend line formed with support at 1.0050 on the hourly chart. EUR/USD Technical Analysis The Euro started a solid rebound after forming a support base above the 1.1200 and 1.1220 levels against the US Dollar. The EUR/USD pair climbed above the 1.1250 and 1.1280 resistance levels to move into a positive zone. Continue reading on FXOpen blog.