CopyTrader is an investment strategy that allows the automatic replication of operations carried out by experienced traders . Let’s explore a practical example of how CopyTrader can be used to trade the EUR/USD (Euro/Dollar) currency pair.
Firstly, selecting a reliable and properly regulated CopyTrading platform is essential. Among the options available on the market, platforms like Tickmill , FortunaMax TCM , FP Markets Lieutenant Dan , FortunaDozer ( PAMM Account ) and Collective2 are prominent choices.
FortunaMax Zion demonstrated a solid financial return of almost 6% monthly average, showing the effectiveness of its investment strategy over time. This strategy, in operation since 2016, has attracted the attention of investors looking for consistent results.
The distinguishing feature of Robo Scalper Zion Free is its focus on highly liquid currency pairs such as EUR/USD and GBP/USD. Driven by proprietary algorithms developed by its team of experts, the robot meticulously identifies optimal entry and exit points in these volatile assets. The frequency of operations is remarkable: on average, the copytrader carries out trades every 2-3 days, acting strategically when the chances of success are greatest. Its operational precision, backed by a proven track record, is one of its greatest strengths.
After signing up to the platform, the next step is to explore the list of traders available to copy. Analyzing each trader’s past performance, considering trading history, return on investment and associated risk, is crucial.
Example of traders performing positively: Tickmill FortunaMax Zion , FP Markets Lieutenant Dan , FortunaDozer ( PAMM Account )
Now, let’s simulate a practical scenario using CopyTrader . Imagine yourself as an investor interested in following the operations of a successful trader who trades the EUR/USD pair.
After registering on a trading platform that offers the CopyTrader service , you locate the experienced trader you want to copy. Analyzes this trader’s performance history, previous results and strategies used.
Suppose the experienced trader executes a purchase trade of 1000 euros at 1.2 dollars each (EUR/USD) on a given day.
The next day, he decides to close the position, selling the 1000 euros for 1.23 dollars each (EUR/USD).
Automatically, your account replicates this action, buying and selling practically at the same moment the 1000 euros that you copied from the trader. Considering that you exactly mirrored the trader’s operations, here is the result:
Initial value allocated to the account: $2000
Purchase price of 1000 euros at $1.2 each: 1000 euros x 1.2 = $1200
Sales value of 1000 euros at $1.23 each: 1000 euros x 1.23 = $1230
Therefore, when By following CopyTrader , you would have made a profit of $30 on this single trade, just like the experienced trader.
In most cases, you pay a profit commission to the experienced trader, ranging from 10% to 40%, depending on the broker or strategy.
It is essential to remember that operations are subject to risks and market fluctuations, and past performance does not guarantee future results. Furthermore, the values presented are illustrative examples. Before using any trading strategy, it is essential to understand the risks involved and be prepared for possible losses.
For beginners at CopyTrader , it is extremely important to act with caution and prudence. Starting with smaller amounts to familiarize yourself with the platform and understand how the copy trade process works before investing larger amounts is recommended.
Best Strategies (for testing) up to 100 dollars:.
Robot Scalper Zion Free : Got a return of 8.91% in the last month without any drawdown/risk/downgrade.
Billionaire Boys Club 10.84% drawdown/risk/relegation and a good performance.
IMPORTANT WARNING
It is important to highlight that the selection of these strategies does not constitute an investment recommendation. Investing in trading involves risks, and past performance does not guarantee future results. The only person responsible for choosing strategies is you, and it is essential to never invest more than you can afford to lose. We recommend seeking professional advice and carefully reviewing all information before making investment decisions.