Jul 25 2019 07:20
Hi Ferguso Piccini,
Copy Trading is a new technology that allows forex traders to automatically copy trading positions opened and managed by other traders, but their fund control settings are different. So you can start this thing based on your own risk.
Copy Trading means that money management for follower traders 'funds will be connected to the pro traders' funds they follow. That's why you need to make sure that you choose the right pro trader with a good portfolio in order to minimize the loosing.
You can follow on this steps:
Jul 29 2019 01:22
What is the difference between copy trading on eToro and other brokers? Aren't all copy trading models essentially copying the trader's execution that we are following?
Jul 30 2019 02:27
@Samuel Corran,
Basically all the copy trade concepts offered by most forex brokers are generally the same. Even if there are differences, maybe the differences lie in the technical system and the payment system (profit sharing, commission system, etc.).
As far as I know, the difference between Copy Trade on eToro and other brokers is in the types of Copy Trades it offers, including:
- Copy All Trades: copying all trading activities of the traders you are participating in Copying Only
- New Trades: copying only the most recent entries of traders who followed, after you agree to Copy Trading
- Copy Stop Loss (CSL): helps you determine the amount of risk based on the value of Profit / Loss in real-time Apart from the three types above, there are still Copied Trades SL and Pause Copy. I hope this helps.
Aug 2 2019 08:31
Are all the master traders we follow must be good? how to choose the right master trader?
Aug 5 2019 09:00
@Ferguso Piccini,
No, if you choose the wrong person you will get bad signals. Sometime we must have a correct assessment in seeing the performance of a trader's account. One of the best methods of looking at trading performance is to test it within a sufficient time limit.
For example, if the trader is an intraday trader, the time limit used is a minimum of 3 months of transactions. If the trader is a swing trader, the time limit used is a minimum of 6 months of transactions. The purpose of setting this time is to see the trader's performance in a good or bad condition (usually because of a losing streak). 3 months is enough to see the trading performance of an intraday trader as well as a swing trader for 6 months.
As seen from its performance is:
(1) Risk of ruin: percentage of risk of possible Margin Call account (bankruptcy)
(2) Maximal Drawdown: the largest percentage of accounts experiencing loss
(3) Winrate: percentage of profit compared to all transactions
(4) Average profit/loss: the value of the average profit to loss ratio
(5) Expectancy Value: the value of the sum of the win rate and average profit minus loss rate and average loss (seeing the possible profit in the long term)
The five parameters above are good enough to determine whether the trader's performance is feasible to follow or not.
Aug 6 2019 04:21
@Daniel Robson,
What is the difference between the copy trading types "all-new trades" and "only new trades" on Etoro? Isn't that copy trade will be executed every time we open an account and decide to follow our chosen trader?
Aug 8 2019 08:40
@Isaac González,
The difference between "copying all trades" and "copying only new trades" is the opening of a position when the copied trader still has an open position. Use copying all trades if you want to copy all transactions including those that are open. Use copying only new trades if you only want to copy the latest transactions after you register for copy trading.
