Copy trading platforms

Choosing a reliable trader to copy is the most important step in copy trading. When reviewing a trader's profile, it is best to take a look at all the past performance statistics.
I personally base my choice of trader on a number of factors including winning trades statistics, ROI, drawdown and profit generated on precious trades.
 
I tried copy trading for a short time but abandoned it; overall, manual trading is the best option, and my broker, FP Markets, is suitable because of its low spreads and commission costs.
 
tuxedo69 said:
What about size of providers trading account, time held, his strategy ,is he gridding, hiding open history?
More...
It is equally important to consider all of these factors you have mentioned when choosing a trader. A variety of advanced filters are also available on copy trading platforms for finding the right trader.
 
Selecting the right traders for copy trading can be difficult; you must carefully examine their performance, such as their profit over time and maximum drawdown.
 
M.Carlo said:
I thought there could be nothing worse than Cover Bands...
More...

I like the idea of cover bands. Instead of old dudes playing the same song for the 5000th time you got to see younger ones full of energy for much less. What is there not to like?
 
Abbas Ali Khan said:
what you think guys ? copy trading can be suitable for the beginners level ?
More...
You should definitely give it a try. The key is to find a good trader to copy. If you're able to do this, you are more likely to be successful at copy trading. Trying out some demo copy trading platforms would be a good idea to get a better sense of how it works.
 
You must log in or register to reply here.
Back
Top