Forex copy trading, also known as social trading or mirror trading, has seen a surge in popularity over the past decade. Investors are drawn to platforms where they can replicate the trades of successful traders automatically.
The concept is straightforward: utilize technology to copy the real-time trades of chosen investors, known as signal providers. This way, whenever they execute a trade, it's mirrored in your own brokerage account.
To get started, the first step is selecting a copy trading platform. These platforms offer tools for automatically copying trades in real-time, customized to individual preferences.
Next, choose a signal provider whose trades you wish to replicate. These providers offer their trades for copying in real-time. Decide on the extent of replication and the amount of capital to allocate.
MQL5
MQL5 signals is a copy-trading service allowing you to automatically copy provider's deals on your trading account. VPS is required.
Signal Start
Signal Start is a professional one stop shop signal service. The service is completely transparent and allows you to copy trades from any forex account 24/7. VPS is not required.
ZuluTrade
ZuluTrade is a social and copy trading online platform that allows users to mimic the investing strategies of trading "experts" in forex markets. It provides rankings of investor performance and allow investors to immediately observe and copy other trader's portfolios.
Here's how to begin copy trading with SCR Traders Group in 7 steps:
1
Choose the signal
Compare the performance of our trading systems.
2
Rent a VPS
Consider renting a VPS if required by the platform.
3
Fund your account
Allocate a portion of your account balance to copying our trading positions.
4
Identify risks
Fine-tune risk management settings and decide whether to copy existing positions or only new ones.
5
Start copying
Initiate copying of the chosen trading system.
6
Track performance
Monitor your account's performance regularly, adjusting settings as needed.
7
Make adjustments
Adapt parameters and subscriptions based on changes in provider performance or market expectations.
Pay us performance fee (30% of the profit) once a month.
We broadcast our trading activity to your MT4/MT5 account, providing you full control over all settings (including risk settings), via the parameters in the special receiver EA. It is your responsibility to ensure that trades are copied to your account without interruption. It is recommended to use a VPS. Brokers that fit this option: ▫ ICmarkets ▫ RedMars ▫ Infinox ▫ OneRoyal ▫ Yadix ▫ FxGiants ▫ IronFX ▫ Investizo ▫ Exness ▫ Moneta Markets ▫ ForexMart ▫ Darwinex How to join:
Open an account with any broker from the list above.