Community Forex Questions
How does copy trading work?
Copy trading makes automatic trading easier.
1. Choose a trader to follow whose goals are most similar to your own. What is most important to you? Perhaps their number of followers, profitability, risk level, total amount of assets managed, or return on investment. You may choose a combination of these — the choice is entirely up to you based on what you consider essential.
2. Determine the size of your investment and how it will be distributed among several managers. Choose how much to devote to each chosen trader if you have more than one to imitate in order to keep a balanced portfolio and avoid putting all your eggs in one basket.
3. The clone trading platform will then replicate all of the selected trader's positions in your trading account.
4. If you are pleased with the trader's performance, you may increase your investment. Alternatively, limit your exposure to a single trader while maintaining a diverse portfolio by not investing excessively in a single trader. You may replace your existing traders at any time; however, each trader you choose to follow will require a separate Invest account.
5. The only fees associated with copy trading are those paid to the Strategy Manager whenever they make a profit. Copy trades are subject to the same brokerage fees as standard trades.
1. Choose a trader to follow whose goals are most similar to your own. What is most important to you? Perhaps their number of followers, profitability, risk level, total amount of assets managed, or return on investment. You may choose a combination of these — the choice is entirely up to you based on what you consider essential.
2. Determine the size of your investment and how it will be distributed among several managers. Choose how much to devote to each chosen trader if you have more than one to imitate in order to keep a balanced portfolio and avoid putting all your eggs in one basket.
3. The clone trading platform will then replicate all of the selected trader's positions in your trading account.
4. If you are pleased with the trader's performance, you may increase your investment. Alternatively, limit your exposure to a single trader while maintaining a diverse portfolio by not investing excessively in a single trader. You may replace your existing traders at any time; however, each trader you choose to follow will require a separate Invest account.
5. The only fees associated with copy trading are those paid to the Strategy Manager whenever they make a profit. Copy trades are subject to the same brokerage fees as standard trades.
Jul 11, 2022 14:24