Copy trading

Aug 08, 2021 at 16:51
Vistas 2,911
18 Replies
Miembro desde Aug 08, 2021   posts 1
Aug 08, 2021 at 16:51

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
Miembro desde Mar 17, 2021   posts 536
Nov 26, 2021 at 18:41
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.
Miembro desde Jul 23, 2020   posts 869
Dec 03, 2021 at 05:24
It is possible to profit from copy trading in platforms, but it is not easy, and you shouldn’t expect instant riches from it.
Miembro desde Jul 23, 2020   posts 759
Dec 08, 2021 at 21:28
Traders copy the trades made by skilled traders through copy trading. However, traders should dig deeper when analyzing the popular traders’ performances.
Miembro desde Dec 13, 2021   posts 32
Dec 20, 2021 at 06:30
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.
Miembro desde Jul 19, 2020   posts 751
Dec 24, 2021 at 02:20
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.
Miembro desde Mar 28, 2021   posts 617
Dec 24, 2021 at 03:20
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.
Miembro desde Oct 15, 2020   posts 11
Feb 03, 2022 at 14:56
Copy-trading is the first thing I will try once I open a real trading account. Initially, I thought to stop demo trading and shift to a real account. Then, I changed my mind. I decided to open a real account for copy-trading and I will continue trading on a demo account. I want to see how I can benefit from copy-trading. Maybe I will postpone my manual trading on a real account.
Miembro desde Apr 14, 2022   posts 41
Jan 11, 2023 at 12:33
Copy trading can be good if you are able to find a good trader to copy.
You can find reliable traders with good track records on copy trading platforms like Zulutrade, etoro and naga. Can give them a try on their demo accounts for better clarity.
Miembro desde Jan 19, 2023   posts 21
Jan 19, 2023 at 12:07
You can usually set specific conditions when subscribing to CT, like if your account balance is 1000$ and CT providers 1 000 000$, obviously your copied trades wont be same lot sizes, since provider is probably trading with higher volume. You can set max % you can lose or earn with each trade, or daily % so stop copying trades once you have lost / earned enough money. If you pick a provider who is highly successful, I dont see a reason why It would be a bad idea, just keep in mind your profits may not cover subscription cost.
Miembro desde Oct 28, 2022   posts 50
Jan 21, 2023 at 08:55
KAnthony posted:
hi all. i'm newbie and dont know much things. i dont even know about copy trading. see here reviews it's danger. why so?
copy trading means i open the same trades as other person? what about leverage? and margin level?
When it comes to leverage and margin levels, you can customize the settings to fit your own trading needs and risk appetite. You need not copy other traders' exact settings. And as for my experience with copy trading, I get to see some decent trades and I'm also learning a ton. If you're new to the game, I'd definitely recommend you to give it a try.
Miembro desde Dec 08, 2022   posts 14
Feb 01, 2023 at 09:26
Copy trading mainly enables individuals in the financial markets to automatically copy the positions opened and managed by other selected individuals.
Miembro desde Jan 27, 2023   posts 19
Feb 01, 2023 at 09:41
Copy trading is a very simple process since you only need to decide the amount you wish to invest and copy everything they do automatically in real-time. Hence, when some trader makes a trade, your account follows it as well and makes the same trade.
Miembro desde Oct 28, 2022   posts 50
Feb 01, 2023 at 12:02
KAnthony posted:
what cope trading do you use? do you have some advices?
Personally, I use zulutrade to copy traders, and it's been a good experience for me. You can also test the platform on their demo account to see for yourself. Worth giving a shot!
Miembro desde Oct 01, 2022   posts 53
Feb 03, 2023 at 10:17
the success of copy trading depends on others , for that reason i dont like this approach.
Miembro desde Dec 30, 2022   posts 11
Apr 21, 2023 at 14:28
You can find a good trader for that, but very few will let you copy your trades.
Miembro desde Nov 05, 2021   posts 2
Jun 15 at 08:28
If you need to copy your trades between many accounts (like Metatrader 4/5, cTrader, ...) I can suggest you to use which has many copying features and also risk limits.
Miembro desde Jun 12, 2024   posts 6
Jun 17 at 17:08 related to metatrader or is it a different company?
Miembro desde Nov 05, 2021   posts 2
Jun 17 at 19:42
ScoutQueen posted: related to metatrader or is it a different company? is not related to Metatrader. It's a company based in Switzerland.
Conectarse / Inscribirse to comment
You must be connected to Myfxbook in order to leave a comment
*El uso comercial y el spam no serán tolerados y pueden resultar en el cierre de la cuenta.
Consejo: Al publicar una imagen o una URL de YouTube, ésta se integrará automáticamente en su mensaje!
Consejo: Escriba el signo @ para completar automáticamente un nombre de usuario que participa en esta discusión.