What is copytrading like as a signal provider?

Jan 27, 2023 at 12:49
Vues 1,414
13 Replies
Membre depuis Apr 14, 2022   posts 41
Jan 27, 2023 at 12:49
I have been trading for some time now and I thought I might start sharing my trades for copy trading. But most of the providers on the platforms already have followers who copy their trades.
So, how do I ensure that people will copy trade me since I am new to the platform and how’s the experience of copy trading like for a signal provider?
Membre depuis Mar 24, 2020   posts 98
Jan 28, 2023 at 23:05
Well , why don't you put you strategy on you profile page to start with.

So we can see if your worth following.
Not Specified
Membre depuis Apr 18, 2022   posts 51
Jan 31, 2023 at 04:24
fxashely89 posted:
I have been trading for some time now and I thought I might start sharing my trades for copy trading. But most of the providers on the platforms already have followers who copy their trades.
So, how do I ensure that people will copy trade me since I am new to the platform and how’s the experience of copy trading like for a signal provider?
Maintain consistency in your trading results which will increase your visibility to followers who can copy you. For example, when you maintain consistent results on zulutrade, your rank is likely to improve and you may even appear in the list of top rankers. I think it is really helpful in grabbing the attention of investors who are looking for traders to follow.
Hope it helps!
Membre depuis Jan 23, 2023   posts 18
Feb 09, 2023 at 07:21
How can I verify the reliability of a trader before copying his trades?
Membre depuis Jan 25, 2022   posts 165
Feb 09, 2023 at 07:39
Don't look at what he says, look at what he does. Trading records would be a good way to go.
Membre depuis Oct 28, 2022   posts 50
Feb 10, 2023 at 09:53
Leonor_Lou2 posted:
How can I verify the reliability of a trader before copying his trades?
I agree with @Prince Sajir! Would like to add few more points:

Try to figure out the reasoning behind their strategies. Look for traders who have a clear and consistent strategy, since these types of traders tend to make fewer impulsive decisions.
You can also test traders on a demo account and monitor their performance.
Membre depuis Aug 16, 2022   posts 1
Feb 11, 2023 at 09:58
If my signal provider is using leverage 1:200 and my account is 1:500, does this mean my profits will be lower than signal provider's?
Membre depuis May 02, 2022   posts 38
Feb 17, 2023 at 12:23
gogo17792 posted:
If my signal provider is using leverage 1:200 and my account is 1:500, does this mean my profits will be lower than signal provider's?
The use of different leverage ratios between your account and your signal provider's account can have an impact on the overall profits and losses of your copy trading strategy.

When you copy a trade from a signal provider, the trade is executed in your account with the same entry price, stop loss and take profit levels as the signal provider's account. However, the size of the position may be different due to the leverage used by each account.
Membre depuis Oct 27, 2022   posts 17
Feb 20, 2023 at 11:03
gogo17792 posted:
If my signal provider is using leverage 1:200 and my account is 1:500, does this mean my profits will be lower than signal provider's?
As you are using higher leverage i.e 1:500 than your provider so your potential profit or loss could be higher due to the increased leverage.
But it does not only depend on this factor, it can be influenced by other factors too, such as the amount of capital you've invested, your chosen trading strategy, your ability to manage risk effectively, as well as market conditions.
Membre depuis Jan 23, 2023   posts 18
Feb 28, 2023 at 12:31
What are some red flags to watch out for when considering copying a trader?
Membre depuis Mar 03, 2023   posts 15
Mar 18, 2023 at 05:34
If you have been copy trading for a while, what was the most satisfying part of that process?
Membre depuis Jan 23, 2023   posts 18
Mar 21, 2023 at 12:59
LeslieRuiz posted:
If you have been copy trading for a while, what was the most satisfying part of that process?
Mine is being able to benefit from the expertise of more experienced traders and potentially make good results without having to put in as much effort. What about you?
Membre depuis Mar 03, 2023   posts 15
Mar 24, 2023 at 11:23
Leonor_Lou2 posted:
LeslieRuiz posted:
If you have been copy trading for a while, what was the most satisfying part of that process?
Mine is being able to benefit from the expertise of more experienced traders and potentially make good results without having to put in as much effort. What about you?
I have not gone live yet. I am still exploring a few copy trading platforms.
Membre depuis Jun 26, 2020   posts 327
Apr 10, 2023 at 09:21
but this can be a good approach to make money instantly without having good knowledge about Forex.
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