What does PAMM mean?

[MadCesar]

Im about to start an automatic trading system with this PAMM thing, what is it and is it good?

 

[JamesMorg76]

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 create trading options, this platform copies their trades and distributes a certain amount of trades to the trader’s account based on the allocated percentage.

 

[Miranda]

Im about to start an automatic trading system with this PAMM thing, what is it and is it good?

It's a system to manage your account, someone else make the trades for you, simple.