What is copytrading like as a signal provider?
Jan 27 at 12:49
Vues 808
13 Replies
Membre depuis Apr 14, 2022
posts 32
Jan 27 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?
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?
Jan 31 at 04:24
fxashely89 posted: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.
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?
Hope it helps!
Membre depuis Jan 23, 2023
posts 18
Feb 09 at 07:21
How can I verify the reliability of a trader before copying his trades?
Prince Sajir (princesajir)
Membre depuis Jan 25, 2022
posts 151
Feb 09 at 07:39
Don't look at what he says, look at what he does. Trading records would be a good way to go.
Feb 10 at 09:53
Leonor_Lou2 posted:I agree with @Prince Sajir! Would like to add few more points:
How can I verify the reliability of a trader before copying his trades?
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 May 02, 2022
posts 26
Feb 17 at 12:23
gogo17792 posted: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.
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?
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.
Feb 20 at 11:03
gogo17792 posted: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.
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?
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 at 12:31
What are some red flags to watch out for when considering copying a trader?
Membre depuis Mar 03, 2023
posts 13
Mar 18 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 at 12:59
LeslieRuiz posted: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?
If you have been copy trading for a while, what was the most satisfying part of that process?
Membre depuis Mar 03, 2023
posts 13
Mar 24 at 11:23
Leonor_Lou2 posted:I have not gone live yet. I am still exploring a few copy trading platforms.LeslieRuiz posted: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?
If you have been copy trading for a while, what was the most satisfying part of that process?
Membre depuis Jun 26, 2020
posts 327
Apr 10 at 09:21
but this can be a good approach to make money instantly without having good knowledge about Forex.
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