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PAMM stands for Percent Allocation Money Management or Percentage Allocation Management Module. It is a forex account composed of one or several trading accounts being carried out by a manager.
The forex market appears to be custom built for the trend following strategy. Long term directional movements are often obvious in the major currency pairs and trend following captures these moves
A change in the direction of a price trend. On a price chart, reversals undergo a recognizable change in the price structure. An uptrend, which is a series of higher highs and higher lows, reverses into a downtrend by changing to a series of lower highs and lower lows.