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What is copytrading like as a signal provider?

fxashely89
Jan 27 at 12:49
32 inlägg
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?
Tuxedo888
Jan 28 at 23:05
91 inlägg
Well , why don't you put you strategy on you profile page to start with.

So we can see if your worth following.
Eloise
Jan 31 at 04:24
51 inlägg
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!
Leonor_Lou2
Feb 09 at 07:21
18 inlägg
How can I verify the reliability of a trader before copying his trades?
Prince Sajir (princesajir)
Feb 09 at 07:39
148 inlägg
Don't look at what he says, look at what he does. Trading records would be a good way to go.
Keli_3
Feb 10 at 09:53
50 inlägg
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.
gogo17792
Feb 11 at 09:58
1 inlägg
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?
Ambersmith345
Feb 17 at 12:23
26 inlägg
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.
Alicent
Feb 20 at 11:03
17 inlägg
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.
Leonor_Lou2
Feb 28 at 12:31
18 inlägg
What are some red flags to watch out for when considering copying a trader?
Suradi (FXOday)
Feb 28 at 22:12
470 inlägg
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.
Suradi (FXOday)
Mar 05 at 23:00
470 inlägg
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.
LeslieRuiz
Mar 18 at 05:34
13 inlägg
If you have been copy trading for a while, what was the most satisfying part of that process?
Leonor_Lou2
Mar 21 at 12:59
18 inlägg
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?
LeslieRuiz
Mar 24 at 11:23
13 inlägg
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.
Tradelist45
Apr 10 at 09:21
327 inlägg
but this can be a good approach to make money instantly without having good knowledge about Forex.
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