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 27 at 20:57
Still, I think that copying trades is not a very reliable option. Rather, even an option that can end extremely sadly for a trader.
Jan 28 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.
So we can see if your worth following.
Not Specified
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!
Feb 09 at 07:21
How can I verify the reliability of a trader before copying his trades?
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.
Feb 10 at 16:22
hi all. i'd like tried signals on demo. and it's work 50/50. is it because of provider? or is it ok for signals?
Feb 11 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?
Feb 11 at 18:16
It seems to me that such a variant of trading can be called trading rather conditionally. After all, a trader simply copies the thoughts of another trader...
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 17 at 19:28
It is important to understand that signals for work are not the most reliable option. Especially if the trader does not fully know how the market works correctly.
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.
Feb 28 at 12:31
What are some red flags to watch out for when considering copying a trader?
Feb 28 at 22:12
Leverage associated to volume position size can be traded with use the same number of capital, I think if leader and follower use the same position size hence the result will be the same along use the same account type.
Mar 02 at 04:21
When considering copying a trader, it's important to keep in mind past performance. Therefore, some of the red flags to watch out for are lack of transparency, high-risk trades, inconsistent returns, and limited trading history.
Mar 03 at 18:39
To be honest, I'm not a fan of this kind of work at all. It seems to me that according to the results of the work, this will still not allow the trader to gain the necessary experience.
Mar 05 at 17:12
I think that copying trades is not the best option for the job. At least for the reason that this will corny lead to the fact that the trader will not be able to make decisions on his own.
Mar 05 at 23:00
I also still like to trade based own analysis, however, when investors want to use copy trading to follow, making researching past performance is also important to track, a good track record gives more star value to follow.
Mar 10 at 05:48
FXOday posted:I agree with you. Would like to add-on more to it. Besides the trader's track record, the consistency of the trader over time is also an important factor to consider because it gives you a better picture of their reliability.
I also still like to trade based own analysis, however, when investors want to use copy trading to follow, making researching past performance is also important to track, a good track record gives more star value to follow.
