Start online trading with CAPEX com Online trading platform

Seasoned copy traders would compare the features of various platforms and go through their reviews before arriving at a decision. Experienced players of the Forex markets are not volunteers – they expect to get rewards. Top-rated platforms enable master traders to impose different commissions (for subscription, successful trades, net profit, and more).

  • For example, if you invest conservatively then you’d copy someone with a conservative trading bent.
  • A lead trader in the context of copy trading is an experienced and successful trader who shares their trades with others.
  • Once you have found your “trading soulmate”, you can simply follow that trader.
  • Mirror trading still allows you to benefit from the expertise and knowledge of another investor.
  • As such, copy trading is suited for those of you that simply don’t have the time to trade.
  • This self proclaimed currency expert originally joined the platform in 2016.

But if you did your homework, you would be at ease, waiting for the next trending move to show up.

Order Types: Execute your trades like a boss

He was one of the first traders accepted into the Axi Select programme which identifies highly talented traders and assists them with professional development. It’s worth remembering that you retain full control over your account, meaning you can pause or completely disable the copy trading for each provider at any time. Furthermore, you can control your risk by either mirroring the provider’s level of risk and position size or by setting a fixed size per trade. The Axi Copy Trading app allows you to easily connect to your MT4 account and start copying a variety of traders.

What Is a Copy Trading Platform and How It Work

Explore the range of markets you can trade – and learn how they work – with IG Academy’s free ’introducing the financial markets’ course. Copy trading is popular with traders who lack expertise in a specific market and those who have limited time to commit to trading. If you find a successful trader to copy, copy trading can certainly be profitable.

Do I need prior trading experience to engage in copy trading?

In this article, we explain the ins and outs of what copy trading is, how it works, how to start copying traders, and how to get started investing in a copy trading portfolio. Many traders who seek to replicate the trades of other traders are primarily interested in their trading performance, not in the markets they trade. Of course, you may choose to follow traders who focus on crypto trading. Imagine, what if you could open the same traders as professional investors.

What Is a Copy Trading Platform and How It Work

This is because you will be risking your hard-earned capital – so knowledge is crucial. Copy trading is safe, but if the trader opens a bad trade, your account will replicate that trade, and you might lose your funds. The biggest challenge is to find an experienced trader to follow, who focuses on the assets that you’re interested in. Furthermore, you can always decide to stop copying the traders of others. The copy trading platform automatically opens the trades on your account when a trader you follow opens them.

Vega Protocol: A Deep Dive on the Crypto Derivative Platform

Additionally, you can break this down on a month-by-month basis. Crucially, by creating a copy trading portfolio – there is no requirement to perform an inch of research yourself – as this is taken care of by the respective investor that you back. Research is by far the most important skill that you need to have as a trader. At the forefront of this is technical analysis – which is the process of reading and evaluating charts.

What Is a Copy Trading Platform and How It Work

There are a number of factors that will influence this outcome. Chief among them will be when you have started to copy a trader, as well as if you choose to automatically copy their entire movement of positions or only certain ones. You typically also have the flexibility to open and close positions at any time you wish even though you are copy trading. Forex copy trading is a popular strategy, because price movements are often small but frequent, and constant monitoring is required. Copy trading in forex means that a trader can simply copy another trader’s positions rather than scanning the fast-moving forex markets themselves.


By utilizing ZuluTrade’s economic calendar, investors can proactively plan their strategies and make informed decisions based on important economic events. Once you have found a trader that you wish to copy, click on follow and enter the amount you want to start with copy trading. Phemex is a well-known exchange from Singapore that offers a copy-trading feature. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio. XM – They offer copy trading and offer over 1200 assets to trade.

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