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Copy trading

PatrickMcAleer
Aug 08 2021 at 16:51
1 Posts
Hi,

Can anyone advise how one goes about setting up a copytrading account? Is it done through myfxbook or is it an ancillary site like signal or autotrade?

I have used copy trading system on etoro and tried other systems (like Duplitrade which is awful) but just wondering how we can mirror the best performing strategies on here? I already have a linked to my broker account.

Any advice greatly appreciated

RobertFerrari
Nov 15 2021 at 18:13
305 Posts
PatrickMcAleer posted:
Hi,

Can anyone advise how one goes about setting up a copytrading account? Is it done through myfxbook or is it an ancillary site like signal or autotrade?

I have used copy trading system on etoro and tried other systems (like Duplitrade which is awful) but just wondering how we can mirror the best performing strategies on here? I already have a linked to my broker account.

Any advice greatly appreciated

Is copytrading a good option for the new traders?

miguelcaron
Nov 25 2021 at 03:44
40 Posts
RobertFerrari posted:
PatrickMcAleer posted:
Hi,

Can anyone advise how one goes about setting up a copytrading account? Is it done through myfxbook or is it an ancillary site like signal or autotrade?

I have used copy trading system on etoro and tried other systems (like Duplitrade which is awful) but just wondering how we can mirror the best performing strategies on here? I already have a linked to my broker account.

Any advice greatly appreciated

Is copytrading a good option for the new traders?

It is imo for learning about how strategies are actually implemented by more experienced traders. As long as a beginner is learning from them I see no harm.

croisssan
Nov 25 2021 at 14:43
634 Posts
It should be understood that it is quite difficult to achieve success in this industry in this way. Rather, it is not even difficult, but completely impossible.

SteveHanks
Nov 26 2021 at 18:41
530 Posts
croisssan posted:
It should be understood that it is quite difficult to achieve success in this industry in this way. Rather, it is not even difficult, but completely impossible.

To get success, you need experience and knowledge. Copy trading can put you in great danger.

LyudmilLukanov
Dec 03 2021 at 05:24
733 Posts
It is possible to profit from copy trading in platforms, but it is not easy, and you shouldn’t expect instant riches from it.

SofieAndreasen
Dec 08 2021 at 21:28
734 Posts
Traders copy the trades made by skilled traders through copy trading. However, traders should dig deeper when analyzing the popular traders’ performances.

KevinRosario
Dec 15 2021 at 08:46
4 Posts
What is copy trading and can beginners use this method to gain profits with higher leverages?

RobSchiz
Dec 17 2021 at 05:57
530 Posts
Copy trading is not a good option for the new traders. It may put them in great danger.

Actinism
Dec 20 2021 at 06:30
17 Posts
Copy trading is a method of Forex trading in which traders copy the trades of more successful traders. This can be done with a variety of brokers. Beginners can use this method with a few caveats to increase their profits with higher leverages. Always use proper money management when trading any method, including copy trading.

UweMoench
Dec 24 2021 at 02:20
737 Posts
Well, it's a good way to earn but not that much good way to learn for me. If my kind of person sees a very successful trader I can always copy, it automatically eludes me from learning how to analyze. I think getting anything out of Forex requires motivation.

Akasuki
Dec 24 2021 at 03:20
441 Posts
I don’t think relying of others trading signal or service is a good choice! Forex is the most sensitive profession, so I don’t like to depend on others! This is why, I trade manually.

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