Abdulmajidkhs
Well-known member
The Truth about Copy Trading
To find out how many forex traders are actually consistently profitable, researchers conducted a study among a group of Brazilian FX day traders between 2013 and 2015 and found that:
97% of investors lost money
0.4% earned more than bank tellers (about $54 per day)
The top traders make an average of $310 per day.
Through this, it is evident that the currency market is a tough game to ace despite its low barrier of entry.
In this scenario, some might think “if trading is so hard, why dont I just follow the experts and make money effortlessly？”
Copy trading is the act of directly copying a master traders orders. When the master trader places an order, your trading account does the same automatically. However, the master trader does not have access to your trading account and funds. You have the control and option to close the trade at any time or open a new position whenever you want.
There are two types of accounts in copy trading:
Master Trader: this is the person who makes the trading decisions
Follower: this is the person who copies the Master Trader's trades
Both the Master Trader and the Follower must be using the same forex broker and the same trading platform.
Just like everything else, copy trading has its cons despite the convenience and exciting upside that it seems to promise.
Read the Complete article below:
To find out how many forex traders are actually consistently profitable, researchers conducted a study among a group of Brazilian FX day traders between 2013 and 2015 and found that:
97% of investors lost money
0.4% earned more than bank tellers (about $54 per day)
The top traders make an average of $310 per day.
Through this, it is evident that the currency market is a tough game to ace despite its low barrier of entry.
In this scenario, some might think “if trading is so hard, why dont I just follow the experts and make money effortlessly？”
Copy trading is the act of directly copying a master traders orders. When the master trader places an order, your trading account does the same automatically. However, the master trader does not have access to your trading account and funds. You have the control and option to close the trade at any time or open a new position whenever you want.
There are two types of accounts in copy trading:
Master Trader: this is the person who makes the trading decisions
Follower: this is the person who copies the Master Trader's trades
Both the Master Trader and the Follower must be using the same forex broker and the same trading platform.
Just like everything else, copy trading has its cons despite the convenience and exciting upside that it seems to promise.
Read the Complete article below:
The Truth about Copy Trading
To find out how many forex traders are actually consistently profitable, researchers conducted a study among a group of Brazilian FX day traders between 2013 and 2015 and found that:
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