How to Copy Trade on Admiral Markets

In my opinion, choosing a reputable and reliable provider is crucial for the safety and security of your funds and personal information in copy trading. It's important to do thorough research and a provider with a proven track record of success and a strong commitment to security. For example, Zulu Trader is known for being a reputable provider, so copy trading through their platform should not pose any safety concerns.

When it comes to choosing a provider for copy trading, using a broker's own copy trading platform can provide more transparency and control over your trades. This means that the providers are also traders within the platform and have gone through the necessary KYC (Know Your Customer) procedures and fulfilled the requirements to become providers. On the other hand, using a reputable third-party provider can offer a wider range of traders and strategies to choose from.

So, what will you choose?

G'day mate! The choice between Forex and Crypto assets for copy trading ultimately comes down to your personal preference and risk appetite.

Forex trading involves buying and selling currencies in order to profit from the fluctuations in exchange rates. Forex is the largest financial market in the world and is open 24 hours a day, 5 days a week. While Forex can be volatile, it's generally considered to be less risky than trading in cryptocurrencies.

Now, trading in cryptocurrencies, like Bitcoin or Ethereum, involves buying and selling digital assets based on their market value. Cryptocurrencies are highly volatile and their value can fluctuate significantly within a short period of time. While this can present a high potential for profit, it can also result in significant losses.

And as you said before, mate. Admiral's wide range of assets available for copy trading, you can try out different assets and strategies to see what works best for you. The most important part in copy trading is not about the assets but the provider that you choose, is it reliable or not.

I agree! Choosing a reliable provider for copy trading is crucial to your success in the markets. A reputable provider will offer a transparent and secure platform, as well as access to a wide range of skilled traders to copy.

With copy trading, you are entrusting your funds to another trader, so it's important to choose someone who has a proven track record of success and a sound trading strategy. A reliable copy trading provider will have a thorough screening process for the traders on their platform, as well as tools to help you analyze and the best traders to copy. And fortunately, in the Admiral, they provide so they called Copy Trading Leaderboard. Just do the analyze before choosing your provider in there!

Well, from my experience, both methods can be a top-notch way to invest in Forex. With copy trading, you can piggyback off the success of experienced traders, and with PAMM, you can entrust your money with a professional money manager.

However, ya gotta keep in mind that there's always some risk involved in trading Forex, mate. Even with copy trading or PAMM, there's always a chance of losing some of your investment. It's crucial to do your due diligence and choose a reliable and trustworthy platform to minimize your risks.

All in all, mate, if ya do your research and choose a reputable platform, copy trading and PAMM can be solid options for medium-term Forex investments.

Hey mate, I have a different opinion from Jimmy. Let me break it down for you. PAMM is a service that allows investors to allocate their funds to a money manager who will take care of making trades on their behalf. The profits or losses made from these trades are then distributed to investors based on their percentage of the total investment. PAMM can be a great option for investors who don't have the time or knowledge to trade on their own, as they can rely on the expertise of the money manager. It's primarily designed for investors who want to put their money in the hands of an experienced trader.

On the other hand, copy trading involves copying the trades of a specific trader, usually a successful one, in real-time. This can be a good option for novice traders who want to learn from more experienced traders or for those who don't have the time or desire to develop their own trading strategies. So, the purpose of copy trading is to help novices learn all the moves that are possible from professional traders.

My advice is, if you're serious about trading, choose copy trading and Admiral can be a good place to start. But if you want to do investment, then it's better to choose PAMM. (read more about  PAMM vs Copy trading at here) 

Hey dude! I got your question about Admiral's copy trading platform. So, from what I understand, you want to know if it's possible to use other platforms like MetaTrader to do copy trading instead of Admiral's own platform, right?

Well, I'm not sure about that. I think it's best to check with Admiral's customer support team. But from my experience, most copy trading platforms work best with their own dedicated platform, so it might be better to stick with Admiral's platform for copy trading.

Now, you also asked if it's possible to copy trade with a live account in Admiral but still join other copy traders outside of Admiral. Hmm, that's an interesting question. Again, I'm not sure, but I think it might be possible if the other platform is compatible with Admiral's platform.

As for safety, I think it's always important to be careful when it comes to trading, whether you're using Admiral's platform or another platform. Make sure you do your research and only copy trade with reputable traders who have a good track record. BUt if you hard to research by your own, just do the copy trade with Admirals since it is safe broker!

Beside the assets, I think, what most important in copy trade is brokers. Because they play a crucial role in the copy trading process. I mean, it is important to choose a reputable and reliable broker like Admiral Markets to ensure that your copied trades are executed accurately and efficiently. A good broker will provide you with a user-friendly platform to make copying trades simple, as well as offer competitive pricing and a wide range of assets to choose from. Ultimately, finding a broker that suits your needs and preferences is key to successful copy trading. In my opinion, Admiral Markets is definitely a broker worth considering for those looking to engage in copy trading.

Yes, it's true that copy trading with multiple assets can require a lot of funds, especially if the provider you choose trades a lot of different instruments. However, it's not always necessary to trade with so many instruments, and it's important to remember that the number of instruments traded doesn't necessarily correlate with the success of the copy trade.

In my opinion, it's better to focus on quality over quantity when it comes to selecting a provider and the assets they trade. You want to choose a provider who has a proven track record of success and a trading strategy that aligns with your own risk tolerance and investment goals. Additionally, it's important to carefully consider the amount of funds you're willing to allocate to the copy trade and to only invest what you can afford to lose.

Hey bros! It's lucky you have experience with Admirals. So here is the deal with a broker that accepts US traders. Admirals is a global brokerage firm, which has many branches around the world including the US region which is known for its complex regulations and strict policies. Banay brokers are said to be good brokers, but they can't enter the US market, but Admkrals is indeed on a different level as a global broker.

If you are already familiar with MetaTrader 4 and 5, then this is the right choice for you to use as a trading platform at Admirals. It is user-friendly and has a simple interface which is perfect for beginners. Regarding the regulatory aspects, it is definitely safe to trade with them as they are regulated by some of the most reputable authorities in the industry, such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities, Investments Commission (ASIC) in Australia, CySEC (Cyprus), JSC (Jordan) and FSCA (South Africa). Apart from that, US Admirals have also obtained a valid license from the European Food Safety Authority (EFSA). This has proven that this broker is also SAFE and GOOD for US traders.

That's right, not many brokers accept US traders. According to the articles I read, it is known that getting a US license is very difficult because the requirements are quite strict. One of the main reasons why forex brokers do not accept US clients is because of the strict regulations imposed by the US government. The US government has implemented a number of regulations regarding forex brokers, including the Dodd-Frank Act which was introduced in 2010. This law requires forex brokers to register with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) which can be a lengthy and expensive process.

In addition, forex brokers are also required to meet a number of other requirements, including maintaining minimum capital requirements and submitting periodic financial reports to the authorities. These regulations can be difficult for forex brokers to comply with, which is why many prefer not to accept US clients.

Well despite the many rules in the US, it is important to remember that these regulations are designed to protect traders and ensure that the forex market operates fairly and transparently. As a result, it is important to choose a regulated and trustworthy forex broker, even if they do not accept US clients. Yeah, therefore, in my view, Admirals is a good broker because it can enter the US market, although not all instruments can be traded by US traders. this Broker has one of the best and most good study and research materials for trading EAs.

Moreover, recently, I have good news that Admiral is expanding its foot in the US with plans to restructure its group by merging parent entities Admiral Markets US and Admirals Group US. The merger is expected to be completed in the first half of 2024. As part of the plan, Admiral Markets will also revoke the operating license of its Estonian subsidiary, which is expected to take place in the second half of this year, possibly in August 2023. Read here (Admirals Restructuring Plan and Revocation of Estonian License)

However, if you need another broker for comparison, you have to read this (Forex Brokers Offering Us Clients)

Actually, here I just want to add the reason why forex brokers don't accept US clients is because of the higher costs associated with doing business in the US. The US is known to have a higher cost of living and wages than many other countries, meaning forex brokers have to pay their employees more, resulting in higher operating costs.

In addition, forex brokers also have to pay higher taxes and fees to operate in the US, which can be a significant burden for smaller companies. As a result, many forex brokers choose to focus on other markets where the costs of doing business are lower.
Apart from these reasons, In the US, forex brokers are only allowed to offer a maximum leverage of 50:1 on major currency pairs and 20:1 on minor currency pairs. This is much lower than the leverage that is offered by brokers in other countries, such as Australia and Europe, where leverage of up to 500:1 is available. The restrictions on leverage in the US can make it difficult for traders to make a profit, as they are not able to take advantage of the same level of leverage that is available in other countries. As a result, many traders choose to use offshore forex brokers that offer higher leverage, which is why many US forex brokers do not accept US clients.

This is all done to protect traders from fraud and cybercrime.

@Jurgen: The EA Trader service by Admiral Markets allows clients to automate their trading using Expert Advisors (EAs). EAs are software programs that execute trades based on predefined strategies. With this service, clients can benefit from automated trading while tapping into the expertise of experienced traders.

Key features include the ability to use EAs, access to a variety of EAs through MetaTrader, and the option to customize and optimize them. The service enhances trading efficiency and accuracy by eliminating human emotions and executing trades based on predefined strategies.

You can also search the brokers that recommended to do the EA Trading at here : Top Forex Brokers for Expert Advisor (EA) Trading

Hello friends, good luck trying to become a successful trader. Embarrassed to ask, lost on the road, that's the motto that I always hold until now. I will help explain yes regarding taking profit and stop loss. When you interpret the manual, it is actually close to the real meaning of trading. In the world of trading, there are several ways and strategies that can be used to achieve profits according to the target achievement. Among them are the stop loss and take profit strategies or usually already a trading feature in the broker's application.

Stop loss or commonly abbreviated as SL is an action to sell a trading instrument, such as stocks and crypto, at a certain price to limit losses. The SL level is set at the beginning of the transaction, to anticipate if the price does not move up as expected, but moves down. Generally, prices fall at a faster rate than they rise. That's why stopping loss is very important.

Where Stop Loss performs the function of closing losing positions automatically, Take Profit performs the opposite function. Take Profit allows you to set a certain level so that profitable trading positions are closed at that level. For example, if you have a EUR/USD buy order at 1.1280, set your take profit at 1.3000 (20 pips above the open price). After that, if the price goes up and reaches that level, the buy order will be closed automatically.
The risk & reward ratio in trading is a part of Money Management. The first thing that must be done before setting up a trading strategy is to calculate the risks that are ready to be accepted so that trading results are realistic. In another sense, the first thing that must be done is to determine the stop loss level first, and after that determine the take profit according to the planned risk & reward ratio. Example: the ready stop loss level is 50 pips, so with a 1:2 ratio, the specified take profit level is 100 pips.

Okay, maybe this is the only thing that can help, actually, there is still a long explanation. In essence, Stop loss and take profit are automatic closing order options to help you prevent further losses and secure profits from the risk of changes in price direction. So, if you want to learn about these two features to manage trading risk, there is the right choice.

When it comes to features and advanced trading tools, Admiral Markets truly stands out. They provide a range of state-of-the-art tools and technologies that give traders a distinct advantage in the market. One of their standout features lies in their advanced graphing capabilities. Admiral Markets also offers advanced order types like limit orders, stop orders, and trailing stops. These order types empower you with greater control over your trades and enable you to implement more complex trading strategies.

Now, let's delve into the unique benefits of choosing Admiral Markets for advanced trading. Firstly, they offer competitive spreads, allowing you to maximize your profit potential. Additionally, they boast rapid execution speeds, ensuring swift and precise execution of your trades. Admiral Markets operates on a Hybrid Model, serving as an ECN and STP broker, which enables a fully automated Forex trading service. This popular blend automates order entry, manages price spreads, and handles trade execution aspects seamlessly.

However, it's crucial to note that Admiral Markets' advanced features may require a certain level of experience and expertise. To make the most of your experience on the Admiral Markets platform, my recommendation is to begin with a demo account. This enables you to become acquainted with advanced features and practice your strategies without risking real capital.

Furthermore, Admiral Markets provides Islamic accounts on their platform. These swap-free accounts are typically accessible to Muslim traders, aligning with Islamic finance principles that prohibit interest charges or payments. Swap values essentially represent the cost of holding a position overnight. While non-Muslim traders may not open swap-free accounts, they can still benefit from swap rates. If a trader purchases a currency with a higher interest rate than the one they are selling, they will earn a positive swap rate. Conversely, if a trader sells a currency with a higher interest rate than the one they purchased, they will incur a negative swap rate. You must read it

@Boris: In my opinion, novice traders on Admiral Markets can indeed contemplate copy trading indices as a viable option. Copy trading offers them the opportunity to leverage the expertise of experienced traders and replicate their strategies. It's an excellent way for beginners to gain exposure to index trading without needing in-depth knowledge. However, it's essential for novice traders to conduct thorough research, choose experienced traders carefully, and diversify their copied portfolios to manage risk effectively. In essence, copy trading can serve as a valuable learning experience for novice traders, allowing them to not only partake in the market but also to gain insights into the decision-making processes of experienced traders. It's akin to learning by example, offering a firsthand view of how strategies are applied in real-time trading scenarios. This, coupled with the potential for profits, makes copy trading indices an attractive and viable option for those who are new to the trading arena.

I understand your concerns. Yes, trading with multiple assets can indeed require more capital, and it does potentially expose you to more risks. However, the concept of diversification is about spreading your investments across different assets to reduce the overall risk.

Here's how it works: While each individual asset may have its own risks and fluctuations, they may not all move in the same direction or be affected by the same factors at the same time. By diversifying, if one asset in your portfolio experiences a downturn, the potential losses may be offset, or at least mitigated, by gains in other assets.

So, while diversification doesn't eliminate risk entirely, it aims to manage and reduce it by not putting all your eggs in one basket. It's a strategy used to increase the chances of achieving more consistent returns over the long term, even if some individual investments don't perform as expected.

If you still confused, you can read more about the diversification in this article : Managing Risks in Forex Trading