Copy trading is a great way to earn passive income, but it's certainly not without risks. Find out how to maximize your profit with HF Copy.
Most people started trading in hope to generate money, but only a few succeed. Building a trading strategy that actually works is certainly not easy, especially for amateurs with little knowledge about the basics of trading. Thankfully, many brokers now offer copy trading which appears to be a perfect solution to help traders make money effectively. It can be used by anyone, regardless of experience, and is able to reward you generously if you can find the right trader to copy.
In this guide, we'll review HF Markets' Copy Trading platform. We'll talk about the copy trading features offered by the broker, along with the conditions and benefits of using it.
Contents
Copy Trading at HF Markets
HF Markets is one of the leading global brokers that offer copy trading on a proprietary platform called HF Copy. The service was first introduced in 2018 and it allows you to choose to either be a Follower or a Strategy Provider. Followers are mainly dominated by beginners as they copy different strategies to make passive income. On the other hand, Strategy Providers are mostly experienced traders who are confident enough with their skills and let others copy them.
Becoming a Follower
If you are trading as a Follower, you'll need a minimum deposit of $100 unless the Strategy Provider has specified otherwise. The minimum redeposit amount is $50, but there is no administrative fee for joining HF Copy. Instead, you'll need to pay a performance fee to the Strategy provider for every winning trade.
Copy trading at HF Copy is done automatically, so you don't need to stand by all the time. But even so, you will still have full control over your trades. You can monitor each trade and close them at any time you want. You can also adjust the proportion of the trade that you want to copy and add a Rescue Level setting to stop copying a certain trader once a certain amount of loss is reached. Lastly, you can open up to 10 Follower accounts where each account can follow one provider at a time.
To become a Follower, here are the easy steps that you need to follow:
- Open a Follower account
- Choose a Strategy Provider
- Deposit some funds
- Set Rescue Level and Volume Allocation Percentage
- Monitor your performance
You can choose to unfollow a Strategy Provider at any time through myHF area. If you still have open trades linked to the provider, they will be closed automatically when you stop following them. However, if the market is closed, you won't be able to unfollow so you'll have to wait for it to open again and retry.
Becoming a Strategy Provider
If you are trading as a Strategy Provider, you'll need to deposit at least $500 and $100 for redeposit. Apart from that, you'll also need to set a performance fee for each copier up to 50%. You will earn the fees twice a month and the amount will be transferred directly to your account balance.
Each Strategy Provider is allowed to run three different accounts with different settings. Keep in mind that your quality as a provider depends on your track record and experience, which will be displayed on your performance table. The better you perform, the higher your strategy will rank and the more Followers will come.
To become a Strategy Provider, here are the steps that you should follow:
- Create a Strategy Provider account
- Deposit some funds
- Open trades to showcase your skill and attract Followers
- Earn Performance Fee for every successful trade
Please keep in mind that not all products offered by HF Markets are available to be traded at HF Copy. Also, some MT4 features like Close By and Multiple Close By are restricted for Strategy Providers.
HF Copy Available Account Types
To benefit from the service, both Followers and Signal Providers will have to open a new HF Copy account. Followers can use it to make deposits, choose a Strategy Provider to follow and gain profits from successful trades. Meanwhile, Strategy Providers can promote their strategies, gain Followers and earn performance commissions of up to 50%.
There are three types of HF Copy account types that you can choose in HF Markets. The following table lists all the main features of each type.
| 📂Account Type | Available Instruments | 💰Min. Deposit (Strategy Provider) | 💰Min. Deposit (Followers) | 💳Min. Topup | Min. Withdrawal |
| Copy Trade Cent | Forex, Gold | $25 | $10 | $5 | $5 |
| Copy Trade Premium | Gorex, Indices Spot, Gold, Energies Spot | $100 | $25 | $25 | $50 |
| Copy Trade Pro | Forex, Indices Spot, Gold, Energies Spot | $100 | $100 | $50 | $50 |
Keep in mind that a Follower can only follow one Strategy Provider per account at any given time. So if you want to follow several strategies, you need to open multiple accounts. As a Follower, you can open up to 10 Copy Premium, 5 Copy Cent, and 1 Copy Pro accounts.
Meanwhile, a Strategy Provider can open up to 5 Copy Premium, 3 Copy Cent, and 1 Copy Pro accounts. Also, the maximum number of Followers that can join a Strategy Provider account is limited to 200 users. Once the limit is reached, the account won't be able to accept more Followers.
It is also worth mentioning that in order to follow a strategy, the Follower needs to use the same account type as the Strategy Provider. So for instance, Copy Cent Strategy Provider Accounts can only be followed by Copy Cent Follower Accounts, and so on.
HF Copy Platform Review
HF Copy is quite a convenient platform for copy trading. It is accessible via MT4, web platform, and mobile apps for Android and iOS. On Google Play Store, the app has been downloaded over 1 million times, with a rating of 3.9 out of 5.0 and about 6.14k user reviews.
Meanwhile, on the App Store, the HFM app doesn't have a rating yet but it is available to download for free.
Right off the bat, the interface is very user-friendly and navigating around is pretty straightforward. On Android, the app size is only 19 MB so it's very light and the app performance is faster. To access HF Copy, simply tap on the "Menu" at the bottom left corner and select "HF Copy".
If you choose "New Strategy Account", you will be redirected to an account opening page where you can open a new HF Copy account. However, you will need to verify your account first. You can do so directly on the app or email the required documents to backofficeind@hfm.com.
If you tap on "Follow a Strategy", you will see the list of more than 1300 experienced Strategy Providers. Some of them have been providing strategies for several months and even years. You can use the search bar to find your favorite Provider or simply sort them based on name, gain, followers, risk score, and account type.
Next to the Provider's name on the list, there's a green "Follow" button that you can press to copy their strategy. You can also click on the Strategy Provider to see their profile and track records that you might want to consider. This covers their general info, financial statistics, performance fee, and so on.
Overall, the mobile app platform is suitable for any trader. The design is simple and the actual copy trading process is actually pretty fast. The only disadvantage is that you can only follow one Strategy Provider per account at the same time which means you need to switch between several accounts to monitor several strategies. It's still manageable, but it might be a bit confusing for complete beginners.
Advantages of Using HF Copy for Followers
- Source of passive income. Any trader can earn passive income from automated copy trading if they invest in the right strategy providers. Since the trades are executed automatically, copiers can certainly save a lot of time and trade efficiently.
- Simple method. Copy trading doesn't require a deep understanding of trading and market analysis. This is why copy trading is mostly suitable for beginners or investors who want to diversify their portfolios without doing the research themselves.
- Learning opportunities. While the trades are being handled by professionals, you can use your spare time to educate yourself. You can either observe how the experts work or learn how to trade properly by reading articles, joining live webinars, or watching educational videos.
- Diversification. There are many different strategies that you can choose on the platform. Investing in different strategies can optimize your profit, lower your risks, and diversify your portfolio.
- High flexibility. Even though you let other traders trade on your behalf, it doesn't mean you lose control over your money. You can still monitor the trades and choose to close any position at any time. If the Provider fails to satisfy your expectation, you can stop following them and even withdraw your funds whenever you like.
Advantages of Using HF Copy for Strategy Providers
- Earn Commission: You can set your own percentage of performance fee. The maximum amount is 50% for every successful trade copied by your followers. This can be a huge opportunity to gain extra income outside of the actual trading activities.
- Easy Payouts: You can collect the commissions biweekly via MyHF Wallet and withdraw the amount as much as you wish.
- No Special Requirements: Anyone can be a Strategy Provider regardless of their level of expertise. Simply make an HF Copy account and promote your strategies!
- Up to 200 Followers per Account: The more Followers you have, the higher the chance to gain big profits.
The Risks of Copy Trading
Copy trading can be a great alternative for many traders, but like any other strategy, it has some distinct risks that should not be underestimated, such as:
- Market Risk. Just because you're copying other traders, doesn't mean you're free from market risks. When the market crashes, your Provider will likely crash as well and you will have to face the same consequences. Remember that even the most skilled traders can lose money too sometimes, so ensure that you have a good risk management system to face stormy days.
- Liquidity Risk. Similar to regular trading, liquidity is often the cause of losses in copy trading as well. If the Provider decides to exit the trade at a loss, you'll have to follow their lead. And if you're unable to close your position due to low liquidity, then you'll be stuck in a losing trade until the market recover.
- Lack of Trading Knowledge. If you're a complete beginner, then you might not know much about trading. This can lead you to copy unprofitable traders, which is certainly not great for your portfolio. Therefore, it's important to do your research in order to choose the right providers to copy.
- Lack of Mutual Interest. Having different interests and goals with your Strategy Provider can be the very reason for losing money quickly. This is why it's important to ensure that you are copying someone you can trust.
- Past Performances Don't Define the Future. You can only choose Providers based on their track record, but there is actually no guarantee that they will be able to maintain the same level of success in the future. This is one risk that every trader must be aware of, so make sure to manage your risks well and only trade with the money that you can afford to lose.
How to Make Money in HF Copy
There are many trading strategies provided on the platform, so you need to pick the ones that seem to be the most profitable to you. At HF Copy, you can do your research by browsing through the Strategy List section, which you can find on the sidebar menu. On the Strategy List page, you'll see a list of providers along with their personal information. Here's an easy example.
The performance box displays a bunch of information, such as the Provider's name, the strategy's name, the Provider's country of origin, and more. If you click "View Profile", you'll see even more detailed information about the Provider's profile, including their past performance along with the number of Followers, their trading activity, and how long they've been offering their service.
It's highly recommended to pick providers that are able to maintain consistent profit in their track record rather than the ones that tend to produce sporadic results. This can be a great indicator to see how they might perform in the following months. It is also a great idea to copy traders with a good number of Followers as it might be a sign that the provider is reliable.
But even with all of those criteria, there's still a chance to lose money. At the end of the day, there is no such thing as trading without risks. Therefore, we can conclude that copy trading does indeed offer a great way to generate profits with less effort and time, but you still need to do your research and set a sophisticated risk management system before risking any money on the platform in order to avoid getting losses.
HF Markets is a global Forex and Commodities broker that facilitates both retail and institutional clients. Previously known as HotForex in the brokerage industry, HFM has positioned itself as the forex broker of choice for traders worldwide through their various account types and trading tools. Furthermore, HF Markets allow scalpers and traders use Expert Advisors unrestricted.
63 Comments
Feb 6 2023
"If you are trading as a Follower, you'll need a minimum deposit of $100 unless the Strategy Provider has specified otherwise. "
So, as the article states, the minimum deposit of $100 may not be enough to make a copy trade. Is that right?
If so, I think that copy trading will require a considerable amount of funds. On the other hand, if you have limited funds, you may not have enough to trade. This is my opinion. Because when I saw the terms above, I realized that $100 is not enough.
The question is, why should you deposit more than the minimum deposit? Are there any terms hidden behind copy trading on HF Markets?
Feb 28 2023
Jayce: Dude, there are a few reasons why you might want to deposit more than the minimum deposit when using copy trading with HF Markets:
By the way, there is no additional terms behind copy trading on HF Market. But it is true, there is additional fees for the trader.
Feb 8 2023
To become a followers, do we need to provide additional info like trading history and portfolio details? how long is the recommended time to become a follower? is there a contract for example a minimum of 3 months, 6 months, etc., or can we stop the copytrading program when it's not even 1 month? I'm intereseted with the copytrading but I'm hesitated to do so before knowing the whole things.
Feb 14 2023
I think the copytrading feature of hf markets is quite interesting. I am a newbie who has just entered the world of forex trading.... is it wise if I use a copy trading account as a follower? What are the tips that need to be considered in order to find pro traders that can be copied? Which one do you think is wiser, trading alone or relying on this kind of copytrade?
Feb 28 2023
Desmond: Copy trading means you're copying the trades of an experienced trader. This can be helpful if you don't have a lot of experience or time to trade yourself. Here are some things to keep in mind when choosing a trader to copy:
As for whether you should trade alone or use copy trading, it depends on your goals and how much time and experience you have. If you're new to trading or don't have much time, copy trading might be a good option. And if you have more experience and want more control, trading on your own could be better.
Feb 28 2023
Desmond: I think it's wise to learn Forex and try to trade on your own. For example, if you are just copying trades, then you are not learning how to trade yourself. This means that you may be missing out on important learning opportunities that can make you a better trader in the long run and most importantly if you are copying trades, that too. This means you may not have control over your investments and may not be able to make adjustments or take action if something goes wrong.
So start learning Forex on your own as you can find more diversified assets that can give you twice as much profit as copy trading. Meanwhile, copy trading is only an investment tool if you have planned not to dive into Forex and focus on investing.
Feb 28 2023
Man, I've also heard about social trading and it always seems to be about copy trading. Some people think that social trading is similar to copy trading and some think that social trading is different from copy trading.
And I've seen copy trading really similar to other exchanges like PAMM for example.
My question is what is copy trading and what is social trading? Is it the same thing?? And the difference between copy trading and PAMM?
Feb 28 2023
Danny: Copy trading and social trading are similar but have a few differences. Copy trading involves copying the trades of an experienced trader. This can be useful if you are new to trading or don't have a lot of time to do it yourself. With copy trading, you are essentially copying what the trader is doing without having to make your own decisions.
On the other hand, social trading is like a social network for traders. You can follow other traders, share your own trades and discuss trading strategies. It is a way to connect with other traders and learn from them.
Now PAMM stands for Percent Allocation Management Module. It's another way to invest in the market without having to trade it yourself. With PAMM, you invest your money with a professional fund manager who trades on your behalf. Profits are then split between you and the fund manager.
The main difference between copy trading and PAMM is that with copy trading you copy the trades of a particular trader. With PAMM, you invest your money with a fund manager who can manage multiple accounts.
It is better to read these articles in case if you still unclear about copy trading and PAMM :
Mar 1 2023
The HF Markets copy trading feature presents a promising opportunity for experienced traders to earn additional income. This feature allows novice traders to emulate the trades of an established trader (known as the provider) for a fee. As such, experienced traders can act as providers and generate revenue from the fees paid by copiers, irrespective of the latter's trading outcomes.
One of the advantages of this feature is that traders can have up to 3 accounts for copy trading. However, there are certain requirements that need to be met, such as maintaining a high level of performance and redepositing funds. This is because a provider's performance significantly affects their attractiveness to copiers. Although the process may be challenging, the potential rewards could make it worthwhile for interested parties. Is there any tips to become strategy provider?
Mar 1 2023
Bruno: I don't think it's necessary to ask for tips on becoming a copy trading provider if you're already a trader. As long as you meet the requirements set by HF Market, you can become a provider and I think of little bit sharing about how to become good provider which are work on improving your performance by consistently managing risks. When you have followers, it's important to communicate with them and be transparent since copy trading is a form of social trading
Mar 1 2023
Look, I know this might be a bit off topic, but hear me out - I think my question is kinda related to the article. So, like you said earlier, copy trading can be a great way for newbie traders to make some money and even generate passive income. Basically, your account just copies the trades of a strategy provider automatically. And according to the article, another advantage is that it's easy to use - you don't need to research the market yourself, just find the right traders to copy and diversify your investment portfolio.
But here's the thing - I've heard that some copy trading stuff is actually a scam. Sorry to bring it up, but do you know if HF Market's copy trading is safe? And how do these copy trade scams work anyway?
Mar 1 2023
Paul: If you're wondering whether HF Market is a safe broker or not, it's good to know that they are regulated by various authorities like Capital Markets Authority of Kenya, CySEC, DFSA, FCA, FSA, FSC, and FSCA. Plus, the FCA UK regulator is known to be stricter than others, which shows that HF Market is pretty safe. You can learn more about the HF Market at here : HF Market Review
As for copy trading safety, it's pretty secure since all transactions are done through the HF Market platform. They act as the middleman and monitor all copy trades to ensure everything is above board. It's kind of like buying something on Amazon - you make the purchase through the platform and they ensure everything runs smoothly.
About the scam copy trade, you should watch out for copy trading scams that are offered outside of brokers. These scams often promise easy profits with minimal effort and use fake reviews and social media posts to appear legit. Once you invest your money, the scammers might disappear with your funds or manipulate trades to ensure you lose money.
Mar 29 2023
Donald: The broker has grown rapidly since its inception and currently has over 145,000 clients worldwide and is regulated by 7 national authorities. In 2012, Exness was licensed by the Cyprus Securities and Exchange Commission (CySEC) and moved its headquarters to Cyprus. Exness closed its retail operations in the EU and UK in 2018 in response to tougher restrictions on retail CFD brokers, but Exness maintains business-to-business (B2B) services in both regions.
In addition, Exness regularly wins industry awards, most recently being recognized as Best Global Forex Customer Service 2019, Best Global Forex Trading Experience 2019, and Most Trusted Global Forex Broker 2019 at the Global Forex Awards.
Overall, we consider Exness a safe broker to trade with, albeit with a few caveats. A broker's withdrawal from the EU/UK market after increased regulation is certainly a consideration, however the broker remains well regulated in many areas.
Mar 1 2023
I'm not sure if there were features like copy trading and managed accounts in the past. Nowadays, everything seems so instant in trading, and we can easily take advantage of these features. However, it's important to be cautious and not go all-in with your money in copy trading.
As the article mentioned, copy trading is not without risks. The traders whose moves you're copying may not always perform consistently, and the Forex market is constantly changing. After all, traders are human too. By the way, it is my opinion about the copy trading. So, I think it's advisable to invest some of your money in copy trading and keep the other half for your own trading. This way, you can potentially earn double income while minimizing the risks associated with copy trading.
Mar 10 2023
Based on the image above, the example shows that the vendor has an outstanding abnormal return percentage of 3220.81% when operating for 3 months. Ok, if we see the follower, it is also at 115 and the stability score is 2. (I don't understand the mean stability score and its number). And also something like Max. So is the draw. I mean, the article certainly talked about HF copy trading with details, but some details like terms of HF market copy trading are still unclear. So I want to ask about, Profits are guaranteed for us to be profitable if we copy trades with this active provider for 3 months? What is the meanig of stability in HF Copy trading? THANK
Mar 10 2023
Gerald: So, when it comes to stability in HF Copy trading, we're talking about how reliable and consistent an active provider's trading strategy and performance is over time. Basically, a stable active provider has a track record of consistent profits and doesn't lose too much money in losing trades. This means they have a solid trading strategy and risk management plan in place, and they don't take impulsive or risky trades.
In HF Market Copy Trading, the stability score ranges from 0 to 10, and a higher score means a more stable and reliable active provider. But, don't be fooled by providers who generate high profits in just three months. That doesn't necessarily mean they're reliable. If a provider has a stability score of 2, that's a sign that they're not yet considered stable or reliable.
To be safe, it's always a good idea to do your research and carefully evaluate potential active providers before copying their trades. You can also follow some tips for using copy trading effectively, which can help you increase your chances of success while minimizing risk with this article and also read this too : is Copy Trading really Worth it, Lets expose!
Mar 19 2023
HFM, formerly known as HotForex, is an award-winning multi-asset broker, providing trading services and facilities to retail and institutional clients. HFM is the unified brand name of the HF Markets Group which includes internationally licensed entities.
This broker provides educational services and a good trading experience for its traders. Not only experienced traders, but even beginners can also learn a lot from this broker. This broker gives what its users want by offering a variety of education.
Apart from that, I have also heard that HF Market is a broker that provides a good and reliable copy trading platform. If I'm not mistaken, in 2019, this broker was awarded the BEST GLOBAL FOREX COPY TRADING PLATFORM at the Global Forex Award. That is a good achievement as a forex broker providing copy trading.
However, even though I am quite interested in this broker, I do not yet have the experience and knowledge about Copy trading that this broker provides. all I know is about copy trading which is known as social trading. But can anyone explain to me, how is the copy trading mechanism? because I'm quite curious about this.
Mar 19 2023
Nam ra: In copy trading, the key is to choose a trader to follow according to your investment goals. For example, if you invest conservatively, you can imitate the activities of traders with a conservative trading tendency. Copy trading itself can be done independently or through a copy trading platform.
The mechanism you are talking about is how copy trading works, right? Copy trading is a trading method that more brokers and institutions prefer to emulate than other experienced traders. Therefore, it suits investors who do not want to transact directly on the forex market. Very easy to operate. First choose the specialist you want to follow, make a deposit with them, choose the subscription fee, and voila, trading starts and everything happens automatically.
Meanwhile, the way copy trading works is to focus on imitating or following the trading activities of the master trader in question. To be able to do copy trading, here are the general steps that can be done. For example, choose a platform, find a master trader, determine the investment amount, and carry out the analysis.
Mar 19 2023
Seung Gi: I want to add to your explanation regarding the Copy trading mechanism. in Copy, trading offers traders to copy trading providers, such as investing in professional traders, to earn profits without having to bother directly in trading.
When a trader you follow opens a trade, the copy trading platform opens the same trade on your account, automatically. You can also choose how much capital you want to allocate to a trader, as well as your total risk per trade.
Meanwhile, you get passive profits, although not always profitable, expert traders or as I call them strategy Providers will get subscription benefits or even payout fees for each transaction or the percentage they will receive. For example, when you choose a subscription plan as the article says, you will pay $30 and only get 25% of the total profit. If you deposit $100 you will pay $30 and if the money manager makes $500 on a trade, for example, you will earn 25% of $500 or $125. Or you will be charged $20 per trade, but 100% profit will be yours.
Mar 19 2023
Nam ra: HFcopy accounts are available for both Strategy Providers (SP) and Followers who have joined HFcopy. SPs can open an HFcopy Account to build their Follower inventory and trade in exchange for a Performance Fee, which can be up to 50%. Copy trading platforms allow individual traders to invest their trading funds with other successful traders and copy their trading strategies, usually for a small fee or a deduction from the investment trader's profits. Copy trading platforms can work automatically, semi-automatically, or manually, which gives traders of varying degrees overall control.
Once you copy a trader, all their open trades are copied to your account. Furthermore, all their future actions are also automatically copied to your account. You are asked to choose an amount to invest in a particular trader.
Please note that Clients are not charged any administrative fees to join HFcopy. However, there is a Performance Fee that the Follower has to pay to the Strategy Provider - only if the performance is positive.
Once you have opened an account with HFcopy, you have to decide on the amount you want to invest and be financially prepared to take the risk. As the saying goes, never put all your eggs in one basket. Start with a small percentage of disposable income and remember that investing always comes with the risk that you may not get all your money back.
Mar 19 2023
I am very satisfied with the author's explanation regarding copy trading. there are even some explanations explaining the advantages of copy trading on HF Market in this article.
After I read this article, I became interested in finding out about HF Market which provides copy trading. What I found really amazed me. Traders have a choice of five account types, including the exclusive HFcopy account. HFcopy accounts are available for Strategy Providers and Followers who have joined HFcopy. Followers only pay Strategy Providers who trade on behalf of their Followers, and if their strategy is successful.
I want to ask if copy trading is suitable for me. See based on my not very famous status in forex. I know very little, but at least I understand Forex. Which trading method is suitable for me is I want to get profit faster, and of course most of traders think so. Second, there is sufficient money for investment to strategy providers as well. So I want to get more profit. At a lower cost, of course. Can I opt for copy trading?
Mar 19 2023
Jordan: Lately, the word copy trade has become increasingly popular in the world of trading. To start Copy trading on HFCopy, usually, traders who only want to become investors need a minimum deposit of 100 USD. Even though this amount is quite small, the profit that will be obtained by the trader will be shared with the provider of the strategy, whose work can be up to half of the trading profits.
Investors usually have more money and want to find a passive source of income. If you want to trade at a very low cost, manual trading is a better choice. It's better because you need to know the difference between investors and traders first. Most investors I know have an active income from working, trading, etc. So the money they invest is money that is not included in the spending budget every day.
Traders, on the other hand, are active earners and are looking for other active sources of income. To me, forex is basically a market for doing business and making profits. This is called effective income. Therefore, traders looking for additional active income can opt for manual trading, while investors can opt for copy trading. But that's my reference. Maybe you don't agree. After all, manual trading doesn't have to pay other traders expensive commissions and it doesn't take long to make a profit. And remember, the profits of copy trading are not 100% yours
Mar 19 2023
Actually, I don't know the details of this copy trading system, but as far as I know, it is equally profitable, both for users of copy trading and those whose trades are copied or providers of copy trading strategies. And if so, why does it sound like using expert advisors and copy trading needs to provide profit sharing anyway.
Because as far as I know, both strategy providers and EA are experts in trading. For beginners, learning by observing EA performance is a fast way to become a trading expert and learn about indicators that can help traders make decisions when trading.
Same thing with Strategy Providers. traders can copy their strategies while studying the strategies applied by strategy providers to increase their trading skills. Please if anyone knows please explain the difference between an EA and a strategy provider. I'm quite confused about the strategy provider's intention here. is it the same as an Expert Advisor (EA) or different?
Mar 19 2023
Steve: Expert Advisor is a software that is used to provide trading time advice to traders. Expert Advisor can also trade automatically according to the instructions given by the programmer. In my opinion, the use of Expert Advisors in forex trading is very beneficial for novice traders. But even so, you have to be careful which Expert Advisor you use, so you don't get fooled.
What is the difference between Expert Advisors? Expert Advisors are programmed in such a way that they can't always follow market conditions, but Strategy Providers in copy trading are experienced traders, so it's only natural that they are adept at trading.
Talking about risks, copy trading is of course more profitable and has minimal risk if we are not experts. Expert Advisors are programmed in such a way that they cannot always follow market conditions, whereas Copy Trading Strategy Providers are experienced traders, so they are naturally good at trading.
One of the biggest challenges of copy trading is choosing a Strategy Provider to copy from. There are many different traders on one platform, all using different strategies so there are many factors to consider. You trust other people with your funds. So I need tact to know why you believe them.
Mar 19 2023
I have never tried trading with a real account at several online brokers that provide trading such as OctaFx and Pepperstone, but I am very interested in the copy trading services offered by several brokers. and yes I am interested in this article because it talks about copy trading, but I have never heard of the HF Market broker.
Is HF Market broker less popular among traders? although I haven't tried trading yet, I have studied some of the most popular and well-safe brokers for trading.
If any of you know about this broker, please explain, is this broker good and safe for depositing funds and also for trading? thank you, friends...
Mar 19 2023
Sungwoon: HFM supports the MT4 and MT5 platforms – but unlike most other brokers it does not offer its own web-based platform – and has some excellent trading tools to assist more experienced traders. The broker allows hedging, scalping, and copy trading, and offers excellent educational materials and market analysis to help new traders get started.
Founded in 2009 and headquartered in Cyprus, HFM is a global brand name of the HF Markets Group. Here are the regulators that oversee this broker. Even this broker can also get a license from the FCA.
HF Markets (DIFC) Ltd – authorized by DFSA (Dubai) registration number F004885.
Mar 19 2023
Aoki: I want to add to your explanation. HFM has won numerous awards for its services and offerings over the years, recent honors include:
Best Broker in Africa 2020 (AtoZ Forex),
With years of responsible operation, regulation by some of the strictest authorities in the world, and a long list of customer satisfaction awards, HFM is considered a reliable and safe Forex broker. While HFM's Indonesian clients are not as protected as their EU and UK counterparts, the FSA provides adequate security including ensuring that HFM segregates client accounts from its own funds and undergoes frequent audits.
Mar 19 2023
Sungwoon: all client funds are held in segregated accounts with top-tier banks and HFM undergoes frequent audits of its clients' financial operations and operations. In addition, all clients have negative balance protection, which means they can never lose more money than is stored in their trading account.
But be careful with countries that are monitored by OJK regulators. Unlike other regulators, such as ASIC in Australia and FCA in the UK, FSA St Vincent and the Grenadines does not compel HFM to limit leverage or become a member of a client compensation scheme.
Oh yeah, almost forgot to mention that this broker also provides protection against negative balances. Volatility is common in the market. HFM's negative balance protection policy means that even if conditions are highly volatile and margin calls and stop-outs do not work properly, the client is not responsible for paying negative balances.
Mar 19 2023
Even though I just started trading at HF Market about 2 months or so. But yeah... I have experience in the world of trading for almost 1 year. Even though I'm still new to HF Market, I like the copy trading service which makes it easy to learn trading strategies. Well, although not all strategies can provide benefits. But at least we can more easily find solutions by imitating other traders. Well, because I'm still new to trying this broker here, I'm a bit confused, usually, brokers charge their customers an inactivity fee, how much is the inactivity fee at this broker? Is it low or high enough? Guys, if anyone knows please explain...
Mar 19 2023
Robert: Hi friends, let me help explain... even though I have only had experience in HF Market for about 1 year. Yes,,,, maybe my answer can help answer your question. I feel that the traditional copying platform provided by this broker is quite good and interesting to discuss.
But before that, I want to tell you that HFCopy Account with copy trading service at this broker is very good and very valuable. But behind that of course there are drawbacks. And in my opinion, the fee that must be paid by investors to strategy providers is quite high because it reaches up to half of the profits (50%).
If the inactivity fees at this broker are quite low in my opinion. FXTM charges an inactivity fee of 5 USD per month after an account has been inactive for six months, and most withdrawal methods are also charged. But to offset all that, no account or deposit fees are charged.
Mar 19 2023
Hello friends, I have basic knowledge of trading. I understand that knowledge alone is not enough to start trading at a forex broker, because it takes experience, and the right strategy to open a position in the trading market.
I am very curious about the HF Market broker that supposedly offers a good copy trading service. And indeed I had an interest in getting into the world of trading before.
I really want to be a trader, but I still choose the right and best broker for me to register. From the explanation of the article above, if we want to subscribe to several strategy providers, is it normal to follow more than one strategy provider in one account at HF Market? What platforms does HFcopy use? Besides that, what is the minimum deposit if you want to open an HFcopy Account? I hope the amount of the deposit is not too high, please if anyone knows can help explain...
Mar 19 2023
Sweety: Hi bros, HFcopy Account offers slightly different trading conditions to the regular Hotforex account, including a minimum opening deposit of 500 USD for Strategy Providers and 100 USD for Followers. The HFcopy account is available in USD only and offers commission-free trading with spreads starting from 1.0 pips on EUR/USD. Strategy Providers can open an HFcopy Account to build their Follower inventory and trade on behalf of their Followers in exchange for a Performance Fee. Followers only pay Strategy Providers if their strategy is successful.
A Follower can open up to 10 Follower accounts. Each Follower account can only follow one Strategy Provider account at a time. You can disconnect one of your Follower accounts from a particular Strategy Provider account and start following other accounts at a certain point. HFCopy accounts are available on the desktop MT4 Platform, web-terminal and mobile MT4.
Unlike most international Forex and CFD brokers, HFM offers free online bank funding to clients who have online bank accounts with major Indonesian banks. It is a much faster method of depositing and withdrawing funds than standard bank transfers, with deposits being processed quickly and withdrawals being received within 2 business days.
Mar 19 2023
Hellena: Anti-Money Laundering is complied with. Thus, all non-profit funds are returned to the original source of deposit. Regardless of your deposit method, withdrawal of all profits must be made by bank transfer to a bank account in your name. Even though your minimum deposit for an HFcopy account is $ 100, it would be nice if you found out more about the depot method provided. Traditional deposits are handled on business days and conditions apply to each deposit option.
Mar 19 2023
Even though I haven't tried real trading yet, I really like brokers that provide copy trading platforms because I feel all beginners really need this platform to trade while learning plus getting profit too. At least with this platform, I can get trading knowledge from professionals.
It turns out that HF Market also provides HFCopy accounts with copy trading but they are more friendly to novice traders. I am automatically interested to know more about this trading platform. Usually, if you want to open a Copy social trading account, you have to open an account first, right at HF Market.
In my opinion opening an account at HF Market is not much different from other brokers which is quite easy and sophisticated. Besides opening an account, there's usually a document verification process right? If I want to join me copy trading at this broker, do I have to verify my account? please explain also How do traders verify documents?
Mar 19 2023
Gyu: Opening a live account at HFM including Copy trading Account (HFcopy) is very easy and only takes less than 3 minutes. You simply the HF copy account type and complete the online registration, submitting documents. We advise you to read the risk disclosure, customer agreement, and business terms before you start trading.
First, you must provide your full name, telephone number, email address, and date of birth. You must also choose whether you want your account base currency to be NGN, USD or EUR
Once this step is complete, you will have access to your MyHF dashboard. It is the administrative center for your demo account, live account, and finance.
From the MyHF hub, you will need to the most suitable account type for you and submit Know Your Customer (KYC) documentation. HFM requires at least two documents to accept you as an individual client:
Important Note: The name on the Proof of Identity document must be the same as the name on the Proof of Address document.
Mar 19 2023
With advances in technology, a trader can copy trades from other traders. This trading system can take the form of Social Trading. I like the copy trading system provided by several brokers including HF Market.
Because not all types of copy trades are detrimental to signal makers or early traders. So in fact, both strategy providers and followers here are equally profitable. The follower gets signals from more experienced traders, but he also pays a certain amount of commission to that trader. Meanwhile, traders will also receive commissions from followers. So besides getting profit from their own trading results, traders can earn extra income from follower commissions.
HF Market Broker provides HFcopy accounts, and special copy trading accounts. and yes this is a good system because some brokers have to cooperate with other copy trading platforms like ZuluTrade to provide copy trading. Why do I love Copy trading? the only reason is I would rather have a passive income through trading than have to dive into trading myself.
But I'm a bit confused, between HFcopy and Zulutrade, which copy trading system is the best? because when I learned about copy trading. The ZuluTrade platform is a fairly good copy trading platform. Is the HFcopy account provided by HF Market able to compete with the platform?
Mar 19 2023
Katelyn: I used to prefer ZuluTrade in copy trading, why? because of Zulutrade's reputation as an independent and authoritative source of analysts, signals, effective strategies, account statistics, and trader contests.
All the advantages of ZuluTrade also apply to Autotrade tools. and the most important thing is that you can adjust the level of risk and the maximum number of lots opened by the signal and can close the current trade at any time and reject signals from a certain provider. Copy trading using ZuluTrade allows beginners to copy strategies from more experienced traders, as well as communicate with them. Another advantage is that ZuluTrade has an easy-to-use dashboard and application user interface. It's just that, some parties complained about the customer service provided.
Actually, there are several brokers that provide the Zulutrade platform, but HF Market is not one of them. But I'm also not saying the HFcopy account isn't worth using. Because this is my perception, and I prefer ZuluTrade for its reputation.
However, as an investor, I applaud this broker, for being able to offer his own copy trading account. On HFcopy, As a Follower, you can register with any of the Strategy Providers and follow any strategy you want. You can access your own account to monitor trades, close positions, withdraw profits, set the Rescue Level and Volume Allocation percentage, and much more.
If you compare between HFcopy and Zulutrade, this is quite difficult, because ZuluTrade is a copy trading platform that works with several brokers. while HFcopy is a copy trading account owned by HF Market itself.
Mar 19 2023
During this time I was a trader who tried several brokers in trading. I really liked the "Copy trading trading" service. In my opinion, Social trading is a pretty good technological innovation in trading that makes it easier for novice traders to gain experience and profit. Experienced traders can also copy the strategies provided by traders to help their trading.
Starting social trading is not difficult. Use the flexible filters to find the strategy you prefer to take risks, invest and earn money when it pays off.
Even though I just started trading at HF Market for about 3 months or so. But yes... I have experience in the world of trading for almost 1 year. But unfortunately, I only opened a standard account with this broker. Yes, because before that I didn't know that this broker also provides copy trading.
I want to ask, Can I change my registered trading account to an investor or strategy provider account in Copy Trading?
Mar 19 2023
Bennica: Traders have a choice of five account types, including the exclusive HFcopy account. HFcopy accounts are available for Strategy Providers and Followers who have joined HFcopy. Strategy Providers can open an HFcopy Account to build their Follower inventory and trade on behalf of their Followers in exchange for a Performance Fee. Followers-only pays Strategy Providers if their strategy is successful.
The HF Market trading account cannot be converted into a strategy account or Follower account in Copy Trading (HFcopy). Once a trading account or strategy account has been created, the account type cannot be changed. We recommend that you create a new strategy account, or register as a strategy provider if you haven't already. But if you want to link the two accounts, you can. If you have an HF Market Account registered with the same email address as your Copy Trading account, it will be automatically linked - you can log into your HF Market Personal Area with your Copy Trading credentials to confirm.
In addition, the HFcopy Follower Account and the HFcopy Strategy Provider Account are separate account types. Therefore, one cannot join the program with other account types.
Each Strategy Provider sets a desired Performance Fee at the time of account opening. Followers can view these percentages on each Strategy Provider's performance page. Once the Performance Cost of a specific strategy is set, it can no longer be changed. The good news for you is that at HFcopy, you can be both a Strategy Provider and a Follower, but it's the same as I explained earlier you need to open separate Follower and Strategy Provider trading accounts.
Mar 24 2023
Thanks for sharing the article. It seems that HF Market provides good copy trading, based on the comments section. Many people seem interested in HF Copy Trading. I did some research on the HF Market live account and found out that the minimum deposit is much lower, but copy traders are only required to deposit at least $100. This is interesting because getting passive income with just $100 is a good deal, right?
Regarding your question, the article states that there is no admin fee charged for joining the HF Market Copy Trading as a provider. However, it doesn't mention how much they charge in terms of performance fee. Can you tell me how much the provider needs to pay?
Mar 29 2023
As an STP broker that offers multi-asset trading, HFM is an excellent broker for beginners and experienced traders alike. HFM offers relatively inexpensive micro accounts and supports both MetaTrader platforms, but many other international brokers also offer their own trading platforms and are often easy to use for beginners.
HFM only works with major global banks. The strength and presence of the HFM brand internationally allow us to provide liquidity from many major banks. Client funds are held in a separate bank account from company funds.
Customer funds are not included in the company's balance sheet and cannot be used to pay debts to creditors if the company goes bankrupt or defaults. Volatility is common in the market. HFM's negative balance protection policy means that the client is not responsible for paying negative balances even if conditions are highly volatile and margin calls and stop-outs do not work properly to identify, assess and monitor all types of risks associated with its operations.
Mar 29 2023
Thanks for the answer. I am very impressed. I want to ask if copy trading is suitable for me. See, based on my status, which is not very famous in forex. Little knowledge but at least I understand forex. Which trading method can work for me, I mean I want to earn a faster profit, and of course, most of traders will think so. Secondly, I also have money in my pocket. So I want to get more profit and of course at a lower cost in it. Can copy trading be my choice?
Mar 29 2023
Zarrel: If you want to trade at a very low cost, manual trading is a better choice. Better because you need to know in advance the difference between investors and traders. Most investors I know have an active income from working, trading, selling, etc. And they have more money and want to find a passive source of income.
traders, on the other hand, are active earners and look for other active sources of income. To me, forex is basically a stock exchange, a stock exchange, so you have to be in business to make a profit. This is called effective income. Therefore, traders looking for additional active income can opt for manual trading, while investors can opt for copy trading. But that's my reference. Maybe you don't agree. After all, manual trading doesn't require you to pay expensive fees to other traders and it doesn't take long to make a profit. And remember, the profits of copy trading are not 100% yours
Apr 5 2023
Sorry, I haven't read all the passage, so I just skim it. Here's my questions:
1. How can I choose which traders to copy, and what factors should I consider?
2. How much does it cost to participate in HF Markets copy trading, and what fees should I be aware of? Do I have to pay for spreads/commissions as well, now that I don't directly control the trades myself?
3. I know that copy trading is risky, no matter which master you chose to follow. I'd like to learn how to minimize those risk/losses as efficiently as possible.
Apr 13 2023
@Danica: No problem, I'm happy to help answer your questions!
When choosing which traders to copy in HF Markets copy trading, there are several factors you should consider. First, you should look at the trader's performance history, including their past profits and losses, risk management practices, and consistency. You should also consider the trader's trading style, as it should align with your own investment goals and risk tolerance. Finally, you should evaluate the trader's overall strategy, including their trading frequency and the types of assets they trade, to ensure that they fit within your investment portfolio.
The cost of participating in HF Markets copy trading varies depending on the trader you choose to follow. Some traders may charge a performance fee, while others may have a fixed subscription fee. Additionally, you may also have to pay for spreads and commissions on the trades that are executed on your behalf. It's important to carefully review the fees associated with each trader and ensure that you understand the costs involved before making any investment decisions.
While copy trading can be a useful tool for investors, it is important to remember that it comes with inherent risks. To minimize your losses, you should focus on diversifying your investments across multiple traders and asset classes. You should also carefully monitor your portfolio and be prepared to make adjustments as needed. It's also a good idea to set stop-loss orders to limit potential losses and to avoid investing more money than you can afford to lose. Finally, it's important to continue educating yourself about the markets and the trading strategies employed by the traders you choose to follow. This will help you make informed investment decisions and minimize your risks over time.
Apr 12 2023
HF Market was founded in 2010 as an online forex and commodities broker offering a wide choice of accounts, trading software and trading tools to provide optimal trading conditions to individuals, Fund Managers and institutional customers.
Before giving an assessment of the features and services provided, it's a good idea to know how this broker guarantees the safety of the funds you deposit. This is very important, in my opinion, because you cannot trade with peace of mind if you are overthinking your trading funds. I want to give an explanation of what security is guaranteed by HF Market.
Client deposits are protected. HFM goes the extra mile to protect its obligations to Clients and other third parties with a Civil Liability insurance program of up to EUR 5,000,000 which covers the best protection on the market against the risks of error, negligence, negligence, fraud, and various other risks that could result in financial wrongdoing.
Client funds are held in a separate bank account from Company funds. Client funds are not included in the company's balance sheet and cannot be used to pay debts to creditors if the company goes bankrupt or defaults.
Negative Balance Protection. the client will not be liable to pay a negative balance if market conditions are highly volatile and margin calls and stop-outs do not function properly.
Apr 13 2023
The article explains that copy trade providers in the HF Market copy can earn performance fees, which makes it an attractive source of income. Becoming a provider is easy - all you need to do is sign up and start. However, this simplicity raises concerns about inexperienced traders becoming providers. Are there any specific requirements or terms that must be met to become a provider in the HF Copy program? Thank you.
Apr 13 2023
The article explains that copy trade providers in the HF Market copy can earn performance fees, which makes it an attractive source of income. Becoming a provider is easy - all you need to do is sign up and start. However, this simplicity raises concerns about inexperienced traders becoming providers. Are there any specific requirements or terms that must be met to become a provider in the HF Copy program? Thank you.
Apr 15 2023
As someone who is interested in investing but not necessarily in actively trading on the forex market, I'm curious about the potential benefits and risks of copy trading, particularly on HF Markets. From what I understand, copy trading involves automatically copying the trades of other successful traders, with the hope of achieving similar profits. But is this really a promising strategy for investors who want to earn a return on their money without spending a lot of time analyzing the markets and making trades themselves? Are there specific factors that investors should consider when choosing which traders to copy, and how can they minimize the risks of losses or fraud? And how does copy trading on HF Markets compare to similar services offered by other brokers in terms of fees, performance, and reliability?
Apr 15 2023
@Alexander Wendell: If you're an investor and not a trader, copy trading could be a promising option for you, especially with a reputable broker like HF Markets. Copy trading allows you to automatically copy the trades of experienced traders, which can save you time and effort while potentially increasing your profits.
With HF Markets, you can choose from a range of experienced traders to follow and copy their trades based on their performance history and risk profile. The platform also provides real-time monitoring and advanced analytics tools to help you make informed decisions and manage your investments effectively.
However, it's important to remember that copy trading is not a guaranteed way to make profits, and you should still conduct your own research and due diligence before following any traders.
Apr 18 2023
As a newbie trader, I want to know more about HF Markets Copy Trading. How does it work, and what are the benefits? How do I get started with it on the HF Markets platform? What are the risks associated with copy trading, and how does HF Markets handle them? Also, how does HF Markets compare to other platforms that offer copy trading services, and what makes it unique? thanks for ur reply.
Jun 20 2023
@Gabriella: Copy Trading is a nifty feature where you can automatically copy the trades of experienced traders onto your own account. It's like having a trading mentor by your side, making moves on your behalf.
The benefits are pretty awesome. It's perfect for beginners like you, as you can learn from the pros while potentially earning profits. Plus, it saves you time and effort since trades are executed automatically.
To get started, you'll need an HF Markets account. Once set up, browse through the available traders, choose the ones you like, and decide how much you want to invest. You can even copy multiple traders for diversification.
Now, let's talk risks. Copy trading isn't risk-free, but HF Markets takes risk management seriously. They offer features like stop-loss limits to help you manage your risk effectively.
Compared to other platforms, HF Markets stands out with its extensive pool of experienced traders and user-friendly copy trading platform. They provide transparent performance statistics, so you can make informed choices.
Remember, while copy trading is a great learning tool, do your research and choose traders wisely. Stay involved and monitor your trades regularly.
Wishing you happy copying and successful trading!
Jun 24 2023
When considering a trading provider on the platform, why is it important for traders to pay attention to the country of origin displayed in the performance box? Are there any specific factors or considerations related to a provider's country of origin that traders should keep in mind when evaluating their performance and deciding whether to follow their strategy? Additionally, how can a provider's country of origin potentially impact their trading activity, regulatory compliance, and overall reliability as a signal provider?
Aug 14 2023
Hey folks, I believe this offer is quite promising. The generous 50% commission for strategy providers is truly impressive. With 6 years of trading experience under my belt, I'm considering taking the leap and registering as a strategy provider with HF Markets. Pretty exciting, don't you think? But before I dive in, there are a few aspects of the HFM copy trading platform I'd like to get more information on.
I'd like to inquire about the initial steps for opening a social provider account. Could you please outline the specific terms and conditions I must meet to qualify as an authorized strategy provider? Additionally, it would be great if you could elaborate on the benefits and advantages of becoming a strategy provider. Your assistance would be greatly appreciated, folks!
Aug 16 2023
The HFM CopyTrading application provides an interesting way to share strategies for investors to copy and is equipped with various features. Any existing HFM client can start using the app with an existing account and can become both an investor and a strategy provider.
A Copy Trading App is not required for the strategy provider to trade, but a fully verified HFM account and trading account are necessary. Strategy providers need to set up strategies so that investors can replicate the trades they make with their trading accounts. Follow the steps indicated in this article as a guide. Visit the HFM homepage and complete the registration fields under New Account, including your country of residence, your email address, and the password you set. Once you are welcomed to your Personal Area, select Copy Trading from the main menu. Please note that your account must be verified first. Keep in mind that the trading account may display the error "trading is disabled" in the trading terminal if a trade was made before the first qualifying deposit; complete a successful deposit to resolve this error.
As a strategy provider, the potential for higher profits when you trade normally is an attractive advantage. You can do all of this with the same award-winning support and infrastructure that HFM provides for everyone, and there are even two types of accounts to choose from: Pro, Cent, and Premium accounts. If you already have an HFM account, you can use your current login and password to register for Copy Trading as a strategy provider. Some other attractive benefits for strategy providers include:
- Network: Build a network of investors by creating a successful strategy.
- Track your track record: Establish yourself as the best strategist with a proven track record.
- Convenience: Trade on the go, as the Trading app is mobile and does not require an additional platform to work.
- Monthly payments: Commissions are paid regularly at the end of the trading period for all profitable investments.
- Take control of your strategy: You can choose the commission rate that suits you best. Additionally, you can change the commission rate at any time. The newly set commission rate will only apply to new investments. You can also set the minimum investment amount for your strategy.
Aug 17 2023
I used to be a complete newbie when it came to trading – didn't know much at all. But you know what caught my eye? This cool thing called copy trading. So, I thought, why not give it a shot with HF Copy? Since I was still learning the ropes, I decided to be a Follower.
Becoming a Follower was a breeze. I just opened a Follower account, tossed in a hundred bucks, and picked a Strategy Provider who had a knack for consistency. Then, I tweaked my Rescue Level and Volume Allocation Percentage to keep my risks in check. And here's the best part – I didn't have to be glued to my screen all the time; trades just happened automatically.
As time rolled on, not only was I raking in some easy cash, but I also put my free time to good use by learning more about trading. I basically shadowed the experts I was following, watching how they made their moves and picking up some nifty strategies.
Of course, it wasn't all smooth sailing. There were moments when the market got wild, and my chosen Strategy Provider had a rough patch. It was a wake-up call that even the big shots can hit a rough patch. That's when it hit me – having a solid risk management plan is crucial.
So, in a nutshell, copy trading with HF Copy was a sweet deal. I made money without breaking a sweat while continuing to learn about the trading game. It's like a hassle-free way for both newbies and seasoned pros to spice up their portfolios. But hey, don't forget to keep an eye out for those risks and choose your Strategy Providers wisely, based on their track record and trustworthiness.
Read more: Beginner's Guide to HF Markets' Trading Tools
Aug 19 2023
Can you tell me how HF Markets compares to other brokers when it comes to the quality and how easy it is to find their educational materials? Also, what kind of help and resources do they provide to beginners like me so that we can use the knowledge we gain effectively for trading? Are there things like expert advice, insights about the market, personal guidance, mentoring, or opportunities to join forums and social networks where we can learn and work together with other beginners like me?
Aug 20 2023
HF Markets stands out among brokers when it comes to the quality and accessibility of their educational materials. They offer a comprehensive set of tools designed to assist traders in analyzing and interpreting market conditions effectively. Here's a breakdown of their educational resources:
Market News: HF Markets provides daily updates on important news related to global financial markets. This resource is valuable for traders looking to stay informed about various topics in the trading world. To access it, simply navigate to the "Tools & Education" menu on their website and select "Market News."
Market Analysis: This section offers a wide range of information, including daily market reviews by expert market analysts, insights and outlooks on fundamentals and weekly recaps, special reports on specific stocks, commodities, or central banks, articles about popular stocks updated weekly, technical analysis articles covering various aspects of trading, video analysis available on YouTube, and weekly podcasts on trading-related topics.
Market Outlooks: Traders can access a general market outlook based on different time frames, including monthly, quarterly, and annually. This feature provides valuable insights into market trends and potential opportunities.
Trading Tools: HF Markets simplifies website navigation and access to various services and tools. Traders can find a dedicated section for trading tools that offers a range of resources to enhance their trading experience.
Live Webinars: HF Markets hosts free live webinars conducted by reliable forex experts and market analysts. These webinars are available weekly and include Q&A sessions, allowing participants to interact with presenters in real time. Traders can also access past webinars for reference.
What sets HF Markets apart is the depth and breadth of their educational resources, all of which are provided free of charge. Unlike some other brokers, HF Markets offers in-depth data and reports that can significantly assist traders in making informed decisions. Whether you're a beginner or an experienced trader, HF Markets' educational tools can be a valuable asset to your trading journey.
Read more: HF Markets Analysis: Get Trading Insights for Free
Sep 3 2023
The article talks about copy trading, where new or inexperienced traders can copy experienced ones to learn and make money at the same time. Both brokers mentioned have similar platforms for this, offering features like automated trading and stats on performance.
Besides just copying trades, I want to know more about the extra perks of social trading. How can we use it to learn more about trading? Can you explain how social trading helps us learn and improve our trading skills?
Sep 5 2023
Absolutely! Social trading isn't just about copying trades; it's a goldmine for learning in trading. It's not only about making money but also about gaining knowledge and skills.
With copy trading, you can shadow experienced traders and see their strategies up close. It's like sitting in the front row of their trading playbook. Plus, you can connect with other traders, swapping insights like trading buddies!
Copy trading platforms come with tools to track performance and analyze trades. You can dive into the nitty-gritty, understand why certain trades were made, and spot patterns that suit your style.
In my view, copy trading is an awesome way to learn and grow as a trader. It's like having a mentor and a supportive community rolled into one. So, dive into social trading to level up your game—it's a game-changer, buddy!
Dec 14 2023
@Kenny: I've noticed your question has been hanging for a bit without a response, so I thought I'd share my perspective on it. When you're picking a trading provider on a platform, it's really important to take a close look at where the provider is based, which you can usually find in the performance box. This info is crucial because it gives you a sense of the rules they follow, the legal safeguards in place, and how reliable they are.
Different countries have different regulations for financial markets, affecting how providers work and how much protection they offer to investors. It's a good idea to go for providers from places with solid regulations because they tend to be more transparent and secure. Knowing the legal situation is key too, as it affects what you can do if there are any problems. The provider's country can also affect their access to markets, how stable their operations are, and even the time zone they're in.
Considering all these factors helps you weigh the potential risks and benefits of following a particular trading strategy. Don't forget about cultural and language differences either; they can affect how well traders and providers communicate. To sum it up, where a provider is based is a big deal—it affects their compliance with rules, the legal protections you get, their market access, and how reliable they are. It's a crucial factor when traders are making decisions.
And for the additional information and your guide, I recommend you to read this article : Pros and Cons of Copy Trading
Feb 18 2024
Hey, I stumbled upon something really interesting in the article I was reading. It talked about cent accounts and how they play a role in copy trading strategies. According to the article, it's crucial for the Follower to have the same type of account as the Strategy Provider to effectively replicate the strategy. So, for instance, if you're following a Copy Cent Strategy Provider Account, you'll need a Copy Cent Follower Account, and the same goes for other account types.
Now, I'm intrigued by what exactly a cent account entails in this scenario. Does it involve trading with smaller denominations or have any specific features tailored for copy trading? And then there's the question of whether it's worthwhile to engage in copy trading using a cent account. Does it offer any advantages or drawbacks compared to other types of accounts? I'd really appreciate it if you could shed some light on this and enlighten me further!
Feb 22 2024
Hey there. Let me explain to you! Cent accounts, which use cents rather than standard units as the base currency, play a critical role in ensuring that Strategy Provider and Follower accounts are compatible in copy trading. This alignment enables the accurate replication of trading strategies and similar outcomes for both parties involved. Whether it's worth diving into copy trading with a cent account largely depends on personal preferences and goals. Cent accounts offer advantages such as lower initial investments and reduced risk, making them particularly appealing for newcomers or those with limited capital. However, it's essential to consider potential drawbacks, such as smaller profits and the limited availability of brokers offering cent accounts. Ultimately, traders should evaluate their trading objectives and carefully weigh the pros and cons of using cent accounts in the context of copy trading.