To be a successful Forex trader, you need to have extensive experience and knowledge of financial markets. But what if you are a novice trader who is just getting started? In this case, copying trades can be a great way to make money in Forex. When choosing, it is best to be guided by personal experience. Try several services and choose the most convenient one. Earn the same percentage of profit as a professional trader without expert knowledge and trading skills with AMarkets.
For professional traders who share their trading strategies and provide signals, it’s a great opportunity to generate passive income. If a trader’s strategy is successful, they earn a so-called performance fee – a percentage of profit investors make from copying the trader’s transactions.
Brokers earn commissions from every transaction. So they are interested in attracting both signal providers and those who are willing to copy their trades. In other words, it’s a win-win for everyone. By offering a copy trading service, brokers attract active traders and investors, which allows them to expand their client base.
How to choose the best trader to copy
Any transaction, be it independent trading, investing or copy trading carries a degree of risk. Therefore, healthy risk management is necessary. One should comply with safety rules to reduce potential losses in the event of an unfavorable trading outcome.
Generally, copy trading is a great way to earn in Forex for beginners and experienced traders. The most important thing is to choose a reliable copy trading service, select one or more suitable traders, to never underestimate the risks or invest every last penny of your savings.
Like any tool in the Forex market, copy trading services have their pros and cons and you must decide for yourself which ones outweigh the other:
Pros
Cons
In general, using copy trading services can benefit beginners, but you need to be aware of the risks and costs in the form of a commission to the trader. For more experienced investors, it may be more efficient to trade independently.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 79.6% | 42 | $70 734.57 | 1.57% | 7.55% | $1 391 140 747 215 | ||
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2 | ETH | Ethereum predictions | 77.2% | 49 | $3 561.52 | 1.36% | 2.01% | $427 638 198 492 | ||
3 | USDT | Tether predictions | 96% | 1 | $1.000151 | 0.06% | 0.01% | $104 520 065 350 | ||
4 | BNB | Binance Coin predictions | 62.4% | 81 | $584.24 | -0.38% | 3.68% | $87 364 761 086 | ||
5 | SOL | Solana predictions | 58.8% | 88 | $188.44 | 1.04% | 5.47% | $83 742 639 571 | ||
6 | XRP | XRP predictions | 80% | 28 | $0.623217 | 1.40% | -1.26% | $34 204 799 381 | ||
7 | USDC | USD Coin predictions | 92.4% | 2 | $0.999973 | -0.02% | -0.02% | $32 465 083 721 | ||
8 | DOGE | Dogecoin predictions | 68% | 66 | $0.223035 | 9.88% | 44.61% | $32 041 022 250 | ||
9 | ADA | Cardano predictions | 69.2% | 65 | $0.648010 | -0.09% | 2.81% | $23 057 951 234 | ||
10 | AVAX | Avalanche predictions | 57.6% | 87 | $54.31 | 0.70% | 0.04% | $20 497 699 245 | ||
11 | SHIB | SHIBA INU predictions | 58.4% | 94 | $0.000032 | 2.06% | 16.86% | $18 604 490 488 | ||
12 | TON | Toncoin predictions | 61.6% | 87 | $4.91 | -0.21% | 21.37% | $17 033 025 216 | ||
13 | DOT | Polkadot predictions | 74% | 49 | $9.49 | 0.09% | 3.54% | $13 542 332 162 | ||
14 | LINK | Chainlink predictions | 77.6% | 42 | $19.11 | -1.18% | 4.52% | $11 221 582 819 | ||
15 | BCH | Bitcoin Cash predictions | 68.8% | 59 | $569.63 | 7.73% | 37.59% | $11 211 410 676 |
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