Copying trades can be a solution for people who do not have enough time to learn how to trade by themselves. Even EA trading requires a lot of efforts and knowledge.
But if you have a friend who is a good trader and he can provide you with his investor password then why not to take an advantage of it?
From my experience copying trades may be useful for almost all kinds of traders:
- BEGINNERS: If you are the beginner then the risk of copying trades from Pro trader is lower than the risk which you take when you are trading by yourself (you know the statistics that 95% of beginners lose money). And when you are copying trades from Pro trader you can monitor all trades and get some lessons about the risk management from your signal provider.
You can try Copying trades with this free tool and see it how it really works: http://www.forexfactory.com/showthread.php?t=394992
http://www.forexcopier.com/Files/Ima.../manyToOne.png
- Successful Traders: Ok, if you have enough experience and your reached the point when you can earn money from your trading then you may want to:
* manage one more trading account of yourself on other broker
* manage your wife's/husband's/friend's account
* copy signals of other traders to one of your account as an addition (if you are a good trader then i believe that you will get to know other good traders as well)
In this case Copying will do your job so you will not have to open the same trades on all accounts, this will be done automatically.
Here is a tool for Copying trades professionally with different adjustments and filters: Download Forex Copier Pro
http://www.forexcopier.com/Files/Ima...mages/1to1.png
- PRO Traders: Of course if you are Pro trader then you will not be interested in copying somebody's trades into your account but you may be interested in copying your trades into the accounts of your clients. So if you have for example 10 people who are paying you for managing their accounts then you do not have to take care of each account independently and you can take care of one account only and your trades will be duplicated on accounts of your clients automatically.
Here is a tool which allows to manage many customer's accounts:
Download Forex Copier Multiaccount
http://www.forexcopier.com/Files/Ima.../OneToMany.png
so do not depreciate the power of Copying.
But if you have a friend who is a good trader and he can provide you with his investor password then why not to take an advantage of it?
From my experience copying trades may be useful for almost all kinds of traders:
- BEGINNERS: If you are the beginner then the risk of copying trades from Pro trader is lower than the risk which you take when you are trading by yourself (you know the statistics that 95% of beginners lose money). And when you are copying trades from Pro trader you can monitor all trades and get some lessons about the risk management from your signal provider.
You can try Copying trades with this free tool and see it how it really works: http://www.forexfactory.com/showthread.php?t=394992
http://www.forexcopier.com/Files/Ima.../manyToOne.png
- Successful Traders: Ok, if you have enough experience and your reached the point when you can earn money from your trading then you may want to:
* manage one more trading account of yourself on other broker
* manage your wife's/husband's/friend's account
* copy signals of other traders to one of your account as an addition (if you are a good trader then i believe that you will get to know other good traders as well)
In this case Copying will do your job so you will not have to open the same trades on all accounts, this will be done automatically.
Here is a tool for Copying trades professionally with different adjustments and filters: Download Forex Copier Pro
http://www.forexcopier.com/Files/Ima...mages/1to1.png
- PRO Traders: Of course if you are Pro trader then you will not be interested in copying somebody's trades into your account but you may be interested in copying your trades into the accounts of your clients. So if you have for example 10 people who are paying you for managing their accounts then you do not have to take care of each account independently and you can take care of one account only and your trades will be duplicated on accounts of your clients automatically.
Here is a tool which allows to manage many customer's accounts:
Download Forex Copier Multiaccount
http://www.forexcopier.com/Files/Ima.../OneToMany.png
so do not depreciate the power of Copying.
