Copy Trading?

No Quarter

Member
55 6
Now that I'm able to make a profit pretty consistently (+49% YTD), if not every day, close to every week, I've been asked if I'm interested in copy trading. I've never heard of that before. It sounds too good to be true? I make more money trading like I usually do, and the ones paying to copy me, the trades are all done automatically for them?
Is it that easy? Or are there tons of questions, and upset copiers the days that are not in profit? Anybody out there tried it, from either side? Any downsides I haven't thought of?
Thanks
 
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Runepick

Junior member
17 2
Yes, you understood everything correctly, and I can say that it has become quite relevant in our time. And many brokerage companies offer this format at no extra cost to the company itself, the only thing you have to "pay" is a certain percentage to the trader whose orders are copied on your account. I believe this can be useful, but only if the brokerage company's format suggests that you can adjust the size of the order and the stop loss level yourself. Because each particular procedure has its own peculiarities, which require a kind of individual approach. And I think you will be able to cope with that, given that you have experience. Or you're going to be the benchmark that can help other traders.
 
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hefoba

Member
94 74
Hi,

I use copier for my accounts. There is differents setup you can use:
1- PAMM/MAMM accounts ( followers will see your trades )
2- Pure copier ( followers will see your trades )
3- Hide copier companies like Darwinex ( followers will NOT see your trades )

For any setup will you need to have one good track record and one good communication with your followers when a problem occurs.
 
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