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The bid/ask spread represents the difference between the buying (bid) and selling (ask) price of a currency pair. It is the cost of entering a trade and acts as a source of profit for brokers.

If we want to give a definition of PAMM account, we can say that the term PAMM stands for Percentage Allocation Management Module and it is a trading platform that simultaneously monitors an unlimited number of managed accounts in forex and operates in this way. At the same time as forex traders...