Copy trading

If someone is copy trading from me can they create a system which automatically enters trades for them, not manually?

Can they also alter the lot size to suit their account size?

As far as I know, the lot size can change.

Yeah, lot size can be altered as per my knowledge.

Lot size needs to be maintained. And it usually depends on the trading knowledge.

I don't understand this approach, why are people too lazy to do the analysis themselves? It's a key stage of the job!

Maybe its advantage is copy trading, followers can adjust position size according to their money management plan, not all brokers offer copy trading, some brokers use ZuluTrade as social trading facilitation, another way to investing forex is to use PAMM trading, and looking for the profitable expert advisor.

FXOday posted:
Maybe its advantage is copy trading, followers can adjust position size according to their money management plan, not all brokers offer copy trading, some brokers use ZuluTrade as social trading facilitation, another way to investing forex is to use PAMM trading, and looking for the profitable expert advisor.

Of course, not everyone in the Forex market wants to do copy trading. Some people have different views.

The lot size is adjusted according to the parameters you used.
Trades can be copied automatically - this is the standard format today.

Wittonlord posted:
The lot size is adjusted according to the parameters you used.
Trades can be copied automatically - this is the standard format today.

Copy trading can be dangerous for the new traders.

Copy-trading usually takes place using a dedicated and structured copy trading platform, such as that offered by FP Markets, or by connecting your broker account with other similar trading platforms.

A copy trade involves two parties, the trader and the copier. If a trader has enough experience and is demonstrating strong performance, he or she may be copied.

The traders will typically earn a commission for each copy they have. The commission depends on the platform or trader.

I can’t trust anyone else to manage my money no matter how skilled or experienced the other trader is. It’s okay to hire a mentor or take someone’s help but you can’t actually learn unless you take things in your hands. I feel that it’s also not possible to work on your emotions when you are simply copying another trader’s strategies on your account. You won’t feel the emotional turmoil one faces while taking any trading decision.

Copy trading is when you copy someone else’s trades like entry price, stop loss, take profit, etc.

Copy trading can be good if you do not want to learn trading by yourself. And it's also important to follow copy every trades. If you don't follow every trades you may end up copying only the losing trades.

Best to learn for yourself imo